Petrobras to invest US $ 3.7 billion in gas over the next four years

12/06/18

Petrobras will invest about US $ 3.7 billion in natural gas for the period between 2019-2023, according to the business plan released on Wednesday (5/12) by the company. Despite changes in its operations in the domestic market, Petrobras intends to develop its operations in the global gas market.

Among the main projects that will receive the resources are the construction of the gas treatment unit of Recife for the outflow and processing of gas produced in the deepwater fields of the Sergipe / Alagoas Basin; the construction of Route 3, including the pipeline, a Natural Gas Processing Unit and the northern pipelines, which should increase the production of pre-salt gas; and the suitability of the treatment unit of Route 1, also in view of the production of the pre-salt.

Overall position

Although Petrobras has a strategy of repositioning in relation to the national gas market, the company has established a strategy of positioning itself in the international gas market, with a search for long-term supply. In addition to the increased activity of optimization of gas production, to meet this global market.

Currently, the company operates with three regasification terminals for liquefied natural gas (LNG) and is focused on its operations in Brazil, trading spot and short-term service market.

Regarding the divestments in the area, Petrobras is still waiting for a definition of the sale of the Associated Gas Company (TAG), stopped due to an injunction in the Federal Supreme Court (STF) and the Nitrogen Fertilizer Unit III (UFN-III) , in Três Lagoas (MS), which is in the process of negotiating with Russia’s Acron.

Source: Brazil Energy

 

 

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