Type Sociedade Anônima Key people Nelson Gomes, (CEO) Revenue 2.5 billion USD (2012) Founded 1872 | Industry Oil and gas industry Number of employees 1,210 Net income 262.4 million USD (2013) Parent organization Cosan | |
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Traded as BM&F Bovespa: CGAS3, CGAS5 Services Natural gas distribution Stock price CGAS5 (BVMF) R$ 47.34 0.00 (0.00%)2 Mar, 6:06 PM GMT-3 - Disclaimer Headquarters São Paulo, São Paulo, Brazil | ||
Comgás is a Brazilian gas distributor focused on São Paulo state. It is Brazil's biggest gas distributor, with around 1,6 million residential, commercial and industrial customers, as of 2016, who receive gas through about 14.000 kilometres (8.699 mi) of pipelines. Comgás was founded in 1872. The company had been wholly owned by the São Paulo state-owned power generation utility, Companhia Energética de São Paulo until April 1999, when CESP's stake was sold to the British BG Group and to Royal Dutch Shell. Comgas sells gas under a 30 year franchise, with a potential for a further 20 years.
Brazilian conglomerate Cosan owns 61.73% of Comgas's stock, and Shell 17.12%. The remainder is publicly traded on BM&F Bovespa. Cosan acquired its stake from BG Group in November 2012 for $1.7 billion.