Enron closes natural gas purchase and transport deal with Petrobras

Aug 02, 2000 02:00 AM

US Enron closed a natural gas purchase and transport deal with Brazilian Petrobras. It was the first such deal ever signed by Petrobras under deregulation rules dating from 1997.
Under the accord, Enron will buy natural gas from Bolivian gas fields controlled by Petrobras. It will then transport the gas to Brazil's largest city of Sao Paulo via a pipeline controlled by Petrobras. Enron will initially import 1 mm cmpd of gas.

Source: Bridge News via Newspage
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