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3R Petroleum Signs 3-Month Natural Gas Supply Contract - MarketWatch

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3R Petroleum Signs 3-Month Natural Gas Supply Contract - MarketWatch

By Jeffrey T. Lewis

SÃO PAULO--3R Petroleum Óleo e Gás said Thursday evening that it had signed a contract to supply natural gas to the Companhia de Gás do Espírito Santo for 30 months.

The Brazilian oil and gas producer will provide ES Gas, as the company based in Brazil's Espirito Santo state is known, with 400,000 cubic meters of gas per day through December 2025, 3R said.

The contract diversifies 3R's client portfolio and is part of efforts by Brazil's natural gas market to open up to greater competition, the company said.

Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com

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