Petrobras to wrap up construction of two LNG terminals this year

Mar 26, 2008 01:00 AM

Construction will wrap up in June at Brazil's regasification terminal in Ceara state and in October at the LNG plant in Rio de Janeiro city, Maria das Gracas Foster, gas and energy director at federal energy company Petrobras, told.
"The Pecem terminal in Ceara state will be concluded in June," she said in Rio de Janeiro. "We may see it working in August because we are depending on the availability of LNG supplies. It also depends on our need to import LNG."

Water levels at hydroelectric plants will help determine when to start LNG imports as the gas will be needed to fire thermo plants if the weather is dry.
"LNG loads to Baia de Guanabara [in Rio] will arrive in 2009. We will be monitoring the scenario to assess when there will be a real need to make this LNG available to the market," das Gracas Foster said.

The two terminals have combined capacity of 21 mm cmpd. Petrobras has not made a decision on a third regasification terminal.
"We do not have a decision on the plant construction or its location yet," she said.
Petrobras said last year it was studying various locations for the third LNG terminal. The plant would have some 10 mm cmpd capacity, according to preliminary plans.

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