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Petrobras To Sell Other Gas Pipelines After Gas Associate Transporter Deal

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Petrobras is preparing to sell three more gas pipelines after raising $ 8.6 billion with the transfer of control of the Gas Associate Transporter TAG to the French company Engie, three sources familiar with the matter said.

The pipelines, which are considerably smaller than those of TAG already sold by Petrobras, can be valued at more than 3 billion dollars together, a source said.

Petrobras has hired Credit Suisse’s investment bank unit to sell the pipelines connecting the pre-salt area in the Santos Basin to the ground infrastructure, according to sources.

The initial plans foresee the sale of only a minority share of the three gas pipelines, but after obtaining more resources from the sale of the TAG than previously thought, Petrobras already considers selling the control of these assets, two sources said, asking not to have their names revealed because the discussions are still private.