Petrobras on NTS Contracts

(Petrobras, 3.Oct.2022) — Petrobras, following up on the release disclosed on 22 December 2021, informs that, as part of the actions taken to open the Brazilian natural gas market, signed, in 30 September 2022, with Nova Transportadora do Sudeste S.A. (NTS) the Flexibility Reduction Agreement to be used by Petrobras (Agreement) and amendments to the Malha Sudeste, Malha Sudeste II, GASDUC III, GASPAJ e GASTAU Natural Gas Transportation Contracts (Amendments), which reflect the flexibility limitation of Petrobras. These instruments allow for the access of other agents to NTS’s transportation system as of 1 October 2022.

The execution of the Agreement and Amendments was carried out after approval by the National Agency of Petroleum, Natural Gas and Biofuels (ANP) and is in line with the commitment made by Petrobras under the Commitment Agreement (TCC), signed on 8 July 2019, between the Administrative Council for Economic Defense (CADE) and Petrobras

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