Brazil and Venezuela sign deals for LNG purchasing and selling
Petrobras and the Venezuelan national oil corporation PdVSA signed on June 27, 2008 in Caracas, Venezuela, during a
bilateral meeting held between the governments of the two countries, agreements of principles in which they commit to
negotiate the commercial terms for the purchase and sale of Liquefied Natural Gas (LNG) to be supplied by
PdVSA.
The agreements set the negotiation basis between the two companies for future LNG supply agreements. The product will
be supplied by two liquefaction units (Train 1 and Train 2) that will be built in the Complejo Industrial Gran
Mariscal de Ayacuchho (CIGMA), in Venezuela.
Petrobras and PdVSA also made progress in the definition of the Shareholder Agreement and of the Articles of
Incorporation for the company that will be incorporated to build and operate the Abreu e Lima refinery in the State
of Pernambuco, Brazil.
Petrobras also announced it will participate, in equal conditions with the other competitors, in the bid PdVSA will
hold for the exploration of the Carabobo 1 block.
