Petrobras Begins Non-binding Phase For TBG, TSB

(Petrobras, 5.Feb.2021) — Petrobras, following up on the release disclosed on 23 December 2020, informs the beginning of the non-binding phase regarding the sale of its 51% stake in Transportadora Brasileira Gasoduto Bolivia-Brasil S.A. (TBG) and 25% stake in Transportadora Sulbrasileira de Gás S.A. (TSB). 

Potential buyers qualified for this phase will receive a process letter containing detailed information about the companies, in addition to instructions on the divestment process, including guidelines for the preparation and submission of non-binding proposals.

This disclosure complies with Petrobras’ divestment guidelines and the special regime of asset divestment by federal mixed capital companies, provided for in Decree 9,188/2017.

This operation is aligned with the strategy of portfolio optimization and the improvement of the company’s capital allocation, aiming the maximization of value for its shareholders.

About TBG and TSB

TBG is a company that operates in the transportation of natural gas and is present in the main economic axis of Brazil, in the Midwest, Southeast and South regions, being the owner and operator of the Bolivia-Brazil gas pipeline in Brazilian territory.  Its gas pipeline has a length of 2,593 km, with a transportation capacity of up to 30 million m3/day of natural gas.

TSB is located in Rio Grande do Sul, with 50 km of pipelines already installed, a transportation capacity of up to 7.68 million m3/day of natural gas and a project of 565 km additional that, once completed, will allow the connection of the production fields in Argentina to the metropolitan region of Porto Alegre and to TBG’s gas pipeline.