The Perspectives for the Gas Market Growth in Brazil: The Advancement of LNG and the Regulatory Externalities in an Expanding Sector
Article from: OGEL 1 (2006), in Liquefied Natural Gas (LNG)
Introduction
The growth potential for natural gas in the Brazilian energy matrix has been significant. Between 1995 and 2004, the annual growth in consumption was slightly above 16%; however, it has been accelerating. Between 2000 and 2004, there was an increase of over 23% a year. In some segments, notedly in the automotive sector, the expansion in consumption has been amazingly high. Between 2000 and 2005, vehicular (compressed) natural gas (VNG) consumption grew by 42% a year. With the increase in the Brazilian gas reserves, as well as the supply availability of exporting ...