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Alvopetro expands Brazil gas sales by 25%, boosting 2026 production outlook and prices.

Market News
01 Apr 2026
Proactive Investors
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Bullish
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Alvopetro Energy Ltd has increased its firm natural gas sales volumes by 25% to 500,000 cubic metres per day under an amended long-term deal with Bahiagás for 2026-2027. The expanded agreement includes an additional 100,000 cubic metres per day priced at 10.5% of average Brent crude prices, supporting higher expected production. Alvopetro anticipates 2026 average sales of about 2,900 barrels of oil equivalent per day, a 20% rise from 2025, backed by natural gas and condensate output. The company also reported record Q1 2026 production, with March output reaching 3,209 boepd, and plans to drill a new development well later this month to further advance its Brazilian assets.

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