Brasília – The National Confederation of Industry (CNI) expects Brazil’s government to fast-track regulation of the Gas Act to attract foreign and domestic investment. The new regulatory framework was sanctioned on Thursday (8) and published this Friday (9) in the Federal Gazette.
The CNI believes the more modern, competitive players on the market will have the potential to cut input costs to industry and end buyers. “A swift, effective regulation of the new legal framework for natural gas is the way to attract investment into the sector, increase competition and cut gas costs,” it argued.
The CNI said key regulatory aspects to make the law functional are: classification of gas pipelines, with clear-cut transport and distribution rules; the creation of mechanisms to conjugate federal and state regulation; and detailed authorizations for the construction of new gas pipelines.”
Translated by Gabriel Pomerancblum
