The development of the natural gas transportation network in Brazil: Recent changes to the gas law and its role in co-ordinating new investments

► Natural gas transportation investment requires some coordination mechanisms. ► The 9,478 Act was not capable to incentive the new player entrance. ► Brazilian natural gas industry is strongly concentrated in Petrobras hands. ► The new Brazilian legal framework aims to reduce transaction costs in gas industry. ► The industrial structure of the gas sector discourages the entrance of new investors.