In force since 2009, the old gas law established norms for the exploration of economic activities of transport, import, export, processing, regasification and commercialization. However, the law prevented the development of the natural gas market, as a single company, Petrobras, held a monopoly in several segments of the gas chain.
LNG is rated to be the source of transition in Brazil and the world. According to EPE, the supply growth in the country is expected to grow 45% in the next decade.
If natural gas was previously seen as a hindrance that made oil exploration more expensive, today this resource has been valued and has gained market share. With the advent of methane tankers 20 years ago, the popularity of LNG has increased, enabling this resource to become a major global opportunity.