| Summary/Abstract |
The study comprises an analysis of the most relevant oil and gas (O&G) legislation and policy, focusing on the development of natural gas (NG) infrastructure and market in Brazil. The paradigms for the study were the regulatory frameworks of the O&G industry in Brazil and Argentina, since they are relevant members of the Mercosul economic block. A comparative assessment was performed in order to better understand the bottlenecks and drawbacks for the NG market expansion in Brazil, considering successful examples of recent legislation advances of other countries. Also, the sanction imposed by ANEEL Resolution n. 583 of 2013 on natural gas suppliers, due to the lack of supply for thermoelectric utilities was evaluated. Since current calculations have introduced asymmetries concerning the indicators employed, while using parameters intrinsic to the electricity sector, an alternative formula was proposed, decreasing the sanction value on the supplier without compromising the contract neutrality.
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