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On September 3, 2013, in a special edition of the federal gazette, the ANP published the tendernotice and the draft production sharing agreement of the 1 st Pre-Salt Round, both approved bythe Ministry of Mines and Energy.The 1 st Production Sharing Bidding Round was held on October 21, 2013, offering the block ofLibra, located in Santos Basin. The contract was signed on December 2, 2013, by the winningbidder, a consortium formed by the following companies: Petrobras (10%), Shell (20%), Total(20%), CNPC (10%) e CNOOC (10%). The winning bidder offered 41.65% of the profit oil to thefederal government. Petrobrás, which will operate Libra, has a 10% stake in the consortium andalso a minimum stake of 30% in the block of Libra.24.10. The Gas ActUnder the Petroleum Act, activities related to the gas industry – except local distribution – weresubject to an authorization regime which allowed any interested company to request the right tobuild and explore infrastructure needed for the activity. From a regulatory point of view, ANP'srole was only to control the entrance of new players in the market.As the use of natural gas gained importance for electricity generation and the ways to use gasincreased, a specific regulatory framework for gas became necessary. As a result, in 2009, Law11,909/2009 (“Gas Act”), regulated by Decree 7,382/2010, established the new legal frameworkfor the natural gas industry.The Gas Act introduced rules governing the exploration of economic activities of transportation ofnatural gas through pipelines and the import and export of natural gas as referred to in art. 177,III and IV, of the Federal Constitution, and the exploration of the activities of treatment,processing, storage, liquefaction, regasification and marketing of natural gas. However, it mustbe noted that the exploration and production of natural gas are still regulated by the PetroleumAct.24. 11. Local Distribution of GasPursuant to article 25, paragraph 2, of the Federal Constitution, the states have the exclusivepower to explore local services of piped gas, whether directly or under concession. Therefore, itis up to each state to pass and implement a state law providing for the terms and conditions ofthis activity.126