Brazil Has 30 Years of Natural Gas Reserves

Brazil’s proven reserves of natural gas are 316 billion cubic meters, but it is estimated that total reserves could be more than 65 billion cubic meters. That means that the country’s needs would be safe for the next 20 to 30 years.

According to Brazil’s state-run Petrobras, the estimated reserves are in the states of Rio de Janeiro, Rio Grande do Sul, Amazonas, plus recent discoveries offshore along the coasts of the states of São Paulo (Santos basin) and Espí­rito Santo.

At the moment only 7.5% of the country’s fuel needs are supplied by natural gas. Petrobras says the goal is to raise the use of natural gas to 15% by 2015, when it is possible that domestic production will reach over 100 million cubic meters per day, triple what it is now.

Petrobras says that as the demand for natural gas increases in Brazil, the country will seek partnerships, especially in South America, to guarantee future supply.

ABr

Tags:

You May Also Like

After Swift and Pilgrim, Brazil’s JBS Wants to Take Over US’s Smithfield Foods

Smithfield Foods Inc’s shares, the top U.S. pork producer, jumped as much as 8.3% ...

Santa Catarina, Brazil, Has Become an Industrial Powerhouse

The southern Brazilian state of Santa Catarina is a privileged state. Apart from having ...

Small Brazil Companies That Export Are Few, But on the Rise.

The number of micro and small sized companies in the northeastern Brazilian state of ...

At UN, Brazilian President Blasts Rich Nations for Not Sharing Wealth

Brazilian President Luiz Inácio Lula da Silva at the opening of the UN General ...

Brazil’s Social Movements Coalition Comes to Lula’s Rescue

After a meeting with Brazilian President Luiz Inácio Lula da Silva, a coordinator of ...

Brazil Calls EU’s New Immigration Pact Violation of Human Rights

The Brazilian government is telling the world that the recent decision by EU's Justice ...

The Official Word on Vietnam President’s Visit to Brazil

The Brazilian and the Vietnam governments have issued a joint communiqué at the end ...

Interpol Chief Praises Brazil’s Lula for Anti-Piracy Work

Brazilian President Luiz Inácio Lula da Silva received commendations from Ronald Noble, Secretary General ...

Brazilian Congress Votes on ‘Good Measure’ Today

Brazil’s Chamber of Deputies will hold a plenary session today for a final vote ...

Brazil’s Banner Crop and a US$ 85 Billion Bonanza

Brazil farmers are expected to receive a record US$ 85 billion this year riding ...