Brazil to invest heavily in gas production, LNG imports

10/02/2006
Heavy investment in Brazil’s natural gas industry by state-owned Petroleo Brasileiro SA (Petrobras) is resulting in a growing use of gas in the country’s energy mix, particularly in gas-fired thermoelectric plants.Gas use rose to 8.9% in 2004 from 7.7% in 2003 and underwent a further hike to 9.3% in 2005. Projections are that it will represent 11% in 2010 and 15% in 2015.At the Rio Oil & Gas Expo in Rio de Janeiro, Petrobras’s Gas and Energy Director Ildo Sauer affirmed that the company is the main investor in Brazil’s gas industry and will continue to undertake increasing investments-alone or in partnership with private firms-to raise domestic production and i...
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