Petrobras Signs an LNG Purchase Agrement With Nigeria

Source: www.gulfoilandgas.com 4/26/2007, Location: Africa

Petrobras has signed a master agreement with Nigerian LNG for the provision of liquefied natural gas (LNG). The agreement lays down all negotiation conditions the companies will comply with when Petrobras has demand for LNG. In addition to the agreement with the Nigerian company, Petrobras also signed a confidentiality agreement with Oman LNG for potential product supply negotiations.

Petrobras' Gas & Energy director spoke about the company's initiatives in this area during a press conference held during the 15th International Conference & Exhibition on Liquefied Natural Gas (LNG 15), the sector's biggest event. Sauer explained the negotiations held with Norwegian corporation Golar to charter vessels to supply gas to the Liquefied Natural Gas (LNG) terminals in Rio de Janeiro and Cear, and detailed the agreement signed with the Nigerian company. This negotiation will guarantee the supply of the vessels chartered from Golar.

The first vessel is expected to start transporting LNG in April 2008, while the second in the first quarter 2009. Ildo Sauer says Petrobras is also analyzing hiring one more vessel. "When in operation, they will add another 20 to 21 million cubic meters per day to the domestic gas supply. A third vessel may bring another 14 million cubic meters per day.

Sauer highlighted the LNG agreements' flexibility: "This flexible source of natural gas may supply half of our thermoelectric plants. This is better than paying for production capacity via take or pay-type agreements. You have temporary fixed costs while hydroelectric plants are affected by the dry season, instead of permanent ones."


Nigeria >>  4/29/2022 - Subsea 7 announced the award of a substantial(1) contract for the engineering, procurement, installation, and commissioning of flowlines and umbilical...
Nigeria >>  4/26/2022 - Worley have been awarded a contract to provide main front-end engineering design (FEED Phase II) services for the Nigeria-Morocco Gas Pipeline (NMGP) ...

Related Categories: Deodorization system  Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 

Related Articles: Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 


Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.