BP eyes Brazil gas buildout, may swap LNG imports for domestic output

BP Plc (BP.L) wants to be part of an effort to build up natural gas infrastructure in Brazil, an executive said on Tuesday, and believes a power plant it is building in Rio de Janeiro could eventually be supplied by gas from offshore oilfields here.

Speaking at Rio’s Offshore Technology Conference on Tuesday, BP Regional President for Latin America Felipe Arbelaez said he believed a plant being built by a consortium of BP, Germany’s Siemens AG (SIEGn.DE) and Brazil’s Prumo Logistica SA (LLXLF.PK) could eventually be fired by offshore gas rather than imported liquefied natural gas (LNG), as plans now forecast.

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