In addition to demand ambiguity, transport logistics represent a significant challenge. The current TBG pipeline system experiences capacity constraints, notably between Rio de Janeiro and São Paulo, which would worsen if incremental demand materializes without system expansions. TBG acknowledges these bottlenecks and recommends enhancements including improved gas flow from southern supply points and better integration with pre-salt corridors.
On the regulatory front, the Agencia Nacional do Petróleo (ANP) has recently affirmed advanced tariff methodologies to avoid double charges on pipeline investments and plans a comprehensive tariff review in 2026, expected to influence gas transport economics significantly. Concurrently, a federal-state dispute escalates regarding pipeline classification authority, with proposals underway to shift some regulatory competencies to states—posing judicial and investment risks.
The Council of Users, representing diverse gas system stakeholders, advocates rigorous governance to ensure alignment between investment approval, tariff incorporation, and market realities. Pending resolution of these regulatory and logistical issues, the Triângulo Mineiro pipeline project’s feasibility remains contingent on robust demand confirmation, legal clarity, and transport system upgrades.
This article was curated and published as part of our South American energy market coverage.
