EIG Plans to Bid for Brazil Pipeline as Petrobras Sets Deadline

EIG Global Energy Partners plans to bid for Petrobras’s TAG natural gas pipeline network as the Brazilian oil giant is giving bidders just another three weeks to raise their offers.

The state-run company released details on the leading offer to the other two competing groups, and they’ll have until April 2 to come up with final bids, EIG Chief Executive Officer R. Blair Thomas said on the sidelines of CERAWeek by IHS Markit conference in Houston. EIG expects all three groups to submit offers, he said.

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