Petrobras Jan-Sep LNG imports down by 63 pct

Image courtesy of Petrobras
Image courtesy of Petrobras

Brazil’s state-controlled oil and gas company Petrobras said Friday its liquefied natural gas (LNG) imports dropped by 63% in the January-September period.

LNG imports into Brazil stood at 42 Mbbl/d (thousand barrels per day) in the mentioned period, as compared to 112 Mbbl/d the year before, Petrobras said in its third-quarter report.

Petrobras attributed this decline mainly to lower thermoelectric demand in Brazil.

Petrobras is reducing its role in the Brazilian natural gas and LNG industry. The company earlier this year said it will sell its LNG terminals in Rio de Janeiro and Ceará, along with the thermoelectric power plants associated with these terminals.

The Brazilian company reported a massive loss for the third quarter of 16.458 billion reais ($4.85 billion) after reducing the value of its assets and “weak” oil prices.


LNG World News Staff

Share this article

Follow LNG World News


<< Dec 2019 >>
25 26 27 28 29 30 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 3 4 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

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

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 >