PETROBRAS MAY BOOST LNG IMPORTS IN 2022

Petrobras may increase Imports of liquefied natural gas (LNG) in 2022, after reaching records highs this year in external purchases to supply thermoelectric plants in the water crisis. The state-owned company will close the year with 119 LNG cargoes imported, surpassing the record of 2014, when the company imported 99 cargoes to help the country deal with the lack of rainfall, the same as happened in 2021, with the worst water crisis in 91 years. In 2020, Petrobras imported only 33 cargoes. According to the executive manager for Gas and Energy at Petrobras, Álvaro Tupiassu, it is not yet possible to estimate the volume that will be imported in 2022. If you look at the trend, it is very likely that there will be a high average demand next year,” he said. Brazil is a gas importer, and the market expects Brazil’s demand for the product will continue to be greater than domestic supply at least by 2035.

Source: Reuters/Notícias Agrícolas (*Translated by Ia Niani)