Articles tagged Brazil

Demand for LNG imports to Brazil via the Bahia regasification terminal grew in the second quarter despite surging global natural gas prices, according to the terminal’s operator, Excelerate Energy Corp.

Imports of liquefied natural gas (LNG) in South America are down this year with energy alternatives such as hydropower serving as their replacement.

The wave of liquefied natural gas (LNG) cargoes headed to Europe has started to slow as storage on the continent rises, but there are signs that extreme prices could be delaying an anticipated ramp up from Asian buyers.

Brazilian national oil company Petróleo Brasileiro (Petrobras) saw falling natural gas demand and the need for fewer liquefied natural gas (LNG) cargoes in the first quarter as rainfall replenished the nation’s reservoirs.

First-phase production has begun at the immense Mero deepwater oil and natural gas field off the Brazilian coast.

Market-friendly reforms and rising output from the offshore pre-salt region have laid the groundwork for Brazil’s natural gas market to grow, a panel of experts agreed at CERAweek in Houston.

A strong start to the rainy season in Brazil has boosted hydropower reservoirs and cut the nation’s need for liquefied natural gas (LNG) imports, freeing up more of the super-chilled fuel for buyers in need across the world.

Although headlines on current tightness in the global natural gas market have mostly focused on Europe, Latin America has played a role in the crisis as well, according to Columbia University’s Luisa Palacios.

Floating specialist Excelerate Energy has started delivering natural gas to the Brazilian market at the Bahia regasification terminal in Salvador, Bahia.

Brazilian national oil company Petróleo Brasileiro (Petrobras) reported a 43.5% year/year (y/y) increase in domestic natural gas sales volumes during the third quarter as severe drought limited hydroelectric output in the South American country.