Brazilian gas demand in 2007 to be less than forecast

09/15/2003
Brazilian state-owned oil company Petroleo Brasileiro SA (Petrobras) has forecast that Brazil's demand for natural gas will be 35% lower by 2007.Brazil's demand had been forecast by Petrobras's strategic planning department as 48.8 million cu m/day of natural gas by 2007. And demand was seen at 75 million cu m/day of gas when Brazil kicked off its thermal-power generation program.However, Petrobras has incurred losses from investments in thermal generation, which never quite paid off because natural gas to fuel thermal plants is too costly, and the Brazil-Bolivia gas pipeline is underdeveloped, Petrobras experts pointed out.Petrobras said it invested about $500 million to expl...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected