RIO DE JANEIRO, Sept 18 (Reuters) - Brazilian state-run oil firm Petrobras expects to cut the price of gas sold to distributors by up to 14% starting in January 2024, after it signed new long-term supply contracts with eight companies, the firm said in a statement to Reuters.

The price cut, according to the company, will be possible given that it has so far signed 13 contracts, which will represent 14 million cubic meters of gas per day of output, totaling more than 100 billion reais ($20.63 billion).

($1 = 4.8479 reais) (Reporting by Marta Nogueira; Editing by Steven Grattan)