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NATURAL GAS
 
The Minas Gerais Gas Company  Companhia de Gás de Minas Gerais (Gasmig), is a corporation under the indirect control of the State of Minas Gerais. Its shareholders are the Companhia Energética de Minas .Gerais (Minas Gerais Energy Corporation – CEMIG, 99,58%) and the municipality of Belo Horizonte (0.42%) - PBH. Although Cemig´s main line of business is the generation, transmission and distribution of electricity, it is also engaged in the business of the distribution of natural gas.
 
Gasmig is the exclusive distributor for piped natural gas throughout the entire territory of Minas Gerais, based on grants or concession, and caters to the industrial, residential, commercial, compressed natural gas (GNC), liquefied natural gas (GNL), automotive (GNV), and thermoelectric sectors. The company´s prospects were renewed in 2015, when its concession contract was extended until the year 2053. With an extension of 880 km, the pipelines cover 35 municipalities within the state of Minas Gerais.
 
Gasmig maintains long-term gas supply contracts with Petrobras, which are able to secure the supply of the current market and the entire planned expansion to Minas Gerais. The company's gross operating revenue in 2014 was approximately R$1,700 million with net assets in excess of R$ 937 million.


Copyright 2012 Cemig - Todos os direitos reservados