HRT Mulls Amazon LNG Project

HRT Participações of Brazil said that LNG is its preferred solution to move gas from isolated Amazon wells to paying customers.

HRT and NK Rosneft of Russia have signed letters of intent with Petrobras to cooperate on projects to “monetize” or sell gas from Amazon, Reuters informs.

LNG’s costs, plus large future exploration needs in Brazil and Namibia, have prompted HRT to look for partners or buyers for stakes in individual company assets.

A final decision on what options to use in the Amazon could come as early as this month.

[mappress]
LNG World News Staff, August 15, 2013; Image: HRT