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Vale, CSN among winners in Brazil natural gas auction (updated)

UPDATE 1-Vale, CSN among winners in Brazil natural gas auction

Adds details of auction, comment by minister

- Major mining, steelmaking and petrochemical companies, including Vale VALE3.SA and CSN CSNA3.SA, won lots in a natural gas auction held by Brazilian state-run oil firm PPSA on Thursday, data from the auction platform showed.

  • The first auction held by PPSA for direct sales of state-owned natural gas to end consumers concluded with all the volume of 1.1 million cubic meters per day being purchased.

  • The offer was divided into 110 lots, which were awarded to companies in key sectors that are major gas consumers.

  • Winners included Vale, CSN, Gerdau GGBR4.SA, Braskem BRKM3.SA, Samarco, Ternium Brasil TX.N, Evonik EVKn.DE and Ingredion INGR.N.

  • "A historic auction for Brazil," Mines and Energy Minister Alexandre Silveira said in a post on X.

  • PPSA expects to raise 376 million reais ($74.6 million) over the 10 months of gas supply awarded at the auction, its president said.

($1 = 5.0390 reais)


(Reporting by Leticia Fucuchima in Sao Paulo; Writing by Fernando Cardoso; Editing by Gabriel Araujo and Matthew Lewis)

((fernando.cardoso@thomsonreuters.com))

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