Lula's Push for Natural Gas Raises Intervention Fears in Brazil.

Brazilian President Luiz Inacio Lula da Silva's efforts to increase the supply and reduce the cost of natural gas in Brazil have raised concerns about interventionist policies that could discourage investment from major oil companies. A recent decree allows Brazil's oil regulator to determine the amount of natural gas that oil producers reinject into reservoirs, potentially diverting more gas to the fuel market instead. This could impact the economics of offshore projects being studied by companies like Equinor and Shell, as they may be required to build gas pipelines and limit gas reinjection. Experts warn that such regulations could discourage investment and affect the country's oil production. [Extracted from the article]