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Brazil's ANP says unawarded gas blocks may return in future rounds

Original: gás

Brazil's National Agency of Petroleum, Natural Gas and Biofuels (ANP) said that blocks not awarded in the Permanent Offer Concession process may be offered again in future bidding rounds. Artur Watt, a director at the agency, made the remarks as the government seeks to attract investment in oil and natural gas exploration. The comments are drawing attention from the energy sector and economic press, as unawarded areas returning to the market could open new opportunities for companies interested in Brazil's gas reserves.

Why now: Investors and the energy sector are closely watching ANP bidding rules amid Brazil's push to expand natural gas exploration.

ANPArtur WattBrazilOPC

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