Vale, CSN among winners in Brazil natural gas auction
UNG•Vale, CSN and other major industrial companies won lots in Brazil’s first auction of state-owned natural gas for direct sale to end consumers. All 1.1 million cubic meters per day on offer was purchased, and PPSA expects to raise 376 million reais over 10 months of supply.
1. Auction sells all gas
Brazilian state-run oil firm PPSA sold all 1.1 million cubic meters per day offered in its first auction of state-owned natural gas for direct sale to end consumers. The offer was divided into 110 lots, awarded to companies in major gas-consuming sectors.
2. Winners and revenue
Winners included Vale, CSN, Gerdau, Braskem, Samarco, Ternium Brasil, Evonik and Ingredion. PPSA expects the 10 months of supply awarded to generate 376 million reais ($74.6 million). Mines and Energy Minister Alexandre Silveira called it “a historic auction for Brazil” in a post on X.
