UPDATE 1-Engie Brazil device seeks to offer Bahia, Maranhao gas blocks

(Includes remarks from Engie Brasil CEO) By Rodrigo Viga Gaier The Brazilian system of
French energy company Engie SA is looking to offer
its gas blocks in Brazil’s Bahia and Maranhao states as
part of a worldwide technique to focus on renewable energy
resources, the division’s president stated on Monday.

Engie Brazil CEO Mauricio Bahr, speaking at an occasion in Rio
de Janeiro, likewise said the business has no interest in bidding for
the thermoelectric power plants or liquefied gas (LNG).
terminals put on sale by Brazil’s state-run oil business Petroleo.
Brasileiro SA, typically referred to as Petrobras. “We have actually started a movement to not buy innovation that.
releases CO2, although gas produces with a smaller effect,” Bahr.
said. “We are going to invest One Hundred Percent in renewable resource,.
like hydro, solar and wind.”.

To that end, Engie will progressively sell off its exploration.
and production possessions worldwide, he said.

” The blocks in Brazil belong to this worldwide action,” Bahr.
added. He did not state how long the divestment plan would take. He likewise stated Petrobras’ supremacy of the Brazilian energy.
market in addition to the lack of legislation enabling full gain access to.
to the nation’s gas system limits potential buyer interest in.
the gas possessions the state-owned oil business is offering.

( Reporting by Rodrigo Viga Gaier, writing by Jeb Blount,.
editing by G Crosse).

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