Brazil's Petrobras Expects to Sell TBG Pipeline Unit in 2022

Brazilian state-run oil company Petroleo Brasileiro SA expects to sign a deal to sell its TBG natural gas pipeline unit next year.

RIO DE JANEIRO (Reuters) — Brazilian state-run oil company Petroleo Brasileiro SA expects to sign a deal to sell its TBG natural gas pipeline unit next year, Chief Strategy Officer Rafael Chaves said during a presentation to a Rio de Janeiro industry group on Monday.

In August, Reuters reported U.S. private equity firm EIG Global Energy Partners made a binding offer worth several hundred million dollars for the asset.