Vast: new take-or-pay agreement

Another take-or-pay agreement puts Brazil’s offshore logistics in the spotlight

On July 7, WSB Advisors analyzed the first take-or-pay agreement between Vast Infraestrutura and Petrobras, highlighting the role of long-term contractual structures in Brazil’s crude oil export logistics.

Less than two weeks later, Vast announced the renewal of its take-or-pay agreement with PETRONAS Brasil until the end of 2027.

The two agreements involve different operators, but the same logistics infrastructure and the same contractual model.

Take-or-pay agreements guarantee payment for a minimum contracted capacity regardless of actual throughput. For terminal operators, they provide greater revenue predictability. For oil companies, they secure long-term access to export infrastructure while improving operational planning.

On its own, the PETRONAS renewal is a straightforward commercial announcement. Alongside the agreement signed with Petrobras earlier this month, however, it adds another example of the same contractual model being adopted at the T-Oil terminal.

The two agreements involve different operators but share the same logistics infrastructure and the same commercial structure. Together, they place two separate long-term commitments side by side at a terminal that plays a central role in Brazil’s crude oil export chain.