Rio de Janeiro enter in the Free Market for Natural Gas

Rio de Janeiro has officially entered the Natural Gas Free Market. According to Firjan data, for every million cubic meters/day of gas produced in Rio there is a potential to generate additional annual revenues of over R$60 million ($10.5 mm) in ICMS and R$20 million ($3.5mm) in royalties and special participation for the state and municipalities of Rio de Janeiro.

Source: Money Times