Table of Contents Executive Summary Market value Market value forecast Market volume Market volume forecast Category segmentation Geography segmentation Market share Market rivalry Market Overview Market definition Market analysis Market Data Market value Market volume Market Segmentation Category segmentation Geography segmentation Market share Market Outlook Market value forecast Market volume forecast Five Forces Analysis Summary Buyer power Supplier power New entrants Threat of substitutes Degree of rivalry Leading Companies Bahiagás Companhia de Gas de Sao Paulo Gas Natural Fenosa Macroeconomic Indicators Country data Methodology Industry associations Related MarketLine research Appendix About MarketLine List of Tables Table 1: Brazil gas utilities industry value: $ billion, 2011–15 Table 2: Brazil gas utilities industry volume: billion cubic feet, 2011–15 Table 3: Brazil gas utilities industry category segmentation: $ billion, 2015 Table 4: Brazil gas utilities industry geography segmentation: $ billion, 2015 Table 5: Brazil gas utilities industry share: % share, by volume, 2015 Table 6: Brazil gas utilities industry value forecast: $ billion, 2015–20 Table 7: Brazil gas utilities industry volume forecast: billion cubic feet, 2015–20 Table 8: Bahiagás: key facts Table 9: Companhia de Gas de Sao Paulo: key facts Table 10: Gas Natural Fenosa: key facts Table 11: Gas Natural Fenosa: key financials ($) Table 12: Gas Natural Fenosa: key financials (€) Table 13: Gas Natural Fenosa: key financial ratios Table 14: Brazil size of population (million), 2011–15 Table 15: Brazil gdp (constant 2005 prices, $ billion), 2011–15 Table 16: Brazil gdp (current prices, $ billion), 2011–15 Table 17: Brazil inflation, 2011–15 Table 18: Brazil consumer price index (absolute), 2011–15 Table 19: Brazil exchange rate, 2011–15 List of Figures Figure 1: Brazil gas utilities industry value: $ billion, 2011–15 Figure 2: Brazil gas utilities industry volume: billion cubic feet, 2011–15 Figure 3: Brazil gas utilities industry category segmentation: % share, by value, 2015 Figure 4: Brazil gas utilities industry geography segmentation: % share, by value, 2015 Figure 5: Brazil gas utilities industry share: % share, by volume, 2015 Figure 6: Brazil gas utilities industry value forecast: $ billion, 2015–20 Figure 7: Brazil gas utilities industry volume forecast: billion cubic feet, 2015–20 Figure 8: Forces driving competition in the gas utilities industry in Brazil, 2015 Figure 9: Drivers of buyer power in the gas utilities industry in Brazil, 2015 Figure 10: Drivers of supplier power in the gas utilities industry in Brazil, 2015 Figure 11: Factors influencing the likelihood of new entrants in the gas utilities industry in Brazil, 2015 Figure 12: Factors influencing the threat of substitutes in the gas utilities industry in Brazil, 2015 Figure 13: Drivers of degree of rivalry in the gas utilities industry in Brazil, 2015 Figure 14: Gas Natural Fenosa: revenues & profitability Figure 15: Gas Natural Fenosa: assets & liabilities

Bahiagás Companhia de Gas de Sao Paulo Gas Natural Fenosa