Brazil’s state-controlled oil company Petróleo Brasileiro (Petrobras) could present a new sale and purchase agreement before the end of December for the sale of the Transportadora Associada de Gás (TAG) pipeline, after a Brazilian Supreme Court injunction in July stalled the sale, Reuters reported. The sale of TAG, which operates natural gas pipelines in Brazil, could fetch Petrobras as much as US$7 billion. A consortium comprising Engie and Caisse de dépôt et placement du Québec were in talks with Petrobras to buy TAG before the injunction. A group comprising EIG Global Energy Partners and Mubadala, and a second team made up of Macquarie, Canada Pension Plan Investment Board and GIC, previously expressed an interest.