LNG demand in Brazil to hit 33.1 mm cmpd in 2012

Oct 08, 2008 02:00 AM

Demand for imported LNG in Brazil will rise to a natural gas equivalent of 33.1 mm cmpd in 2012, according to pricing director at federal energy company Petrobras Jorge Roberto Abrahao Hijjar.
Demand for the fuel will hit a natural gas equivalent of 1.1 mm cmpd by the end of the year, he said at the Energy Integration Congress in Santiago, Chile.

Natural gas imports from Bolivia, meanwhile, are expected to remain flat at 30.1 mm cmpd for the next five years. Domestic production of natural gas in Brazil will rise to 70.8 mm cmpd in 2012 from the current 32.5 mm cmpd.
Both thermo generation and industrial use will account for growth in natural gas demand in Brazil expected to reach 134 mm cmpd in 2012. Natural gas used by thermo generators will rise from 15.7 mm cmpd to 48 mm cmpd in 2012. Natural gas use by industry, meanwhile, will rise to 42.1 mm cmpd from the current 28.8 mm cmpd.

Brazil's first LNG terminal is expected to start operations at the end of October or November. The terminal in Pecem port is capable of regasifying 7 mm cmpd and earlier was due to start receiving shipments this month.
"It has all the approvals, it's just going through conditioning," Hijjar told about the terminal after his presentation.

Petrobras already has bought several LNG cargos. Petrobras has yet to make a decision on whether to build a third LNG terminal.
The firm is advancing construction on a second LNG terminal in Rio de Janeiro state.

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