Drought conditions in Brazil trigger LNG buying

Drought conditions in Brazil trigger LNG buying

Brazil’s Southeast-Central West region was hit by drought that has Petrobras on their toes seeking near-term LNG cargoes to add to the country’s power supply. 

Sources said that Petrobras recently lifted an FOB cargo from Qatar for an unknown price, loading it onboard the 157,000 cbm Wilpride LNG carrier in the Ras Laffan port. The vessel is due to arrive at the Bay of All Saints terminal in Salvador, Bahia by late August, reports Platts.

It is reported that the company is looking for similar cargoes to be delivered in September, October and even November, before the start of the rainy season.

Purchases were prompted by the low reservoir levels of 34.36% in the critical Southeast-Central West region, that serves nearly 50% of Brasil’s population with energy created from hydropower.

 

LNG World News Staff, August 12, 2014; Image: Awilco

Share this article

Follow LNG World News

One thought on “Drought conditions in Brazil trigger LNG buying”

Comments are closed.

Events>

<< Jan 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Houston / Feb 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >