The European Investment Bank (EIB) is providing a loan of $40 million to Companhia de Gás de Sao Paulo (Comg s) to expand and modernise its natural gas distribution network in the state of Sao Paulo. Comg s is, owned by BG Group and Shell, has a 30 year concession to distribute gas in Sao Paulo. One aim of the expansion is to allow industrial customers to switch from oil to gas, reducing atmospheric emissions.
