Petrobras Plans to Decide on FLNG Project Next Year (Brazil)

Brazil’s Petrobras plans to make a decision in first quarter of 2012 on its FLNG development, Petrobras chief executive Jose Sergio Gabrielli said today at the World Petroleum Congress in Doha.

“Two proposals submitted by engineering groups are good both technically and commercially“, he said.

Petrobras and UK’s BG Group signed an agreement in 2009 to develop a Floating Liquefied Natural Gas (FLNG) project as an additional option to commercialise the material associated natural gas reserves in the Santos Basin pre-salt, offshore Brazil. The FLNG processing capacity is anticipated to be up to 14 million cubic metres per day of associated gas.

The 3.0 million tonnes per annum (mtpa) LNG produced would be shipped either to Petrobras-operated regasification terminals to supply the Brazilian domestic market or exported to other global markets.

[mappress]

LNG World News Staff, December 7, 2011; Image: Petrobras