Fate and Reform Catalyze Expansion of the Brazilian Natural Gas Market and Open Up Opportunities to LNG
Article from: OGEL 3 (2020), in Liquefied Natural Gas (LNG)
Abstract
Brazil is rising as a potentially large natural gas player thanks to both fate and reform. Recent "closer to shore" significant deep-water discoveries add to well-publicized offshore potential in the pre-salt area. These less logistically challenging discoveries coupled with Petrobras' increasing retrenchment along the value chain, herald the arrival of a vibrant and competitive domestic market. Increased associated offshore production will even hold the promise of opening the export market. While liberalization is still a work in progress, recent efforts to overhaul the ...