Brazil Betting on Gas Surplus, But Not Before 2015

Brazil is expecting it will reach 2015 with a surplus in the natural gas supply of about 152 million cubic meters per day, 24 million cubic meters above the consumption forecasted for that year.

The announcement was made by the president of the Energetic Research Company (EPE), Maurí­cio Tolmasquim, who in a lecture at Rio Oil & Gas presented the estimates indicating that the demand in the country will go from 60 million cubic meters per day, in 2006, to 128 million cubic meters in 2015.

The greatest share of this demand, according to Tolmasquim, will be by the concessionary companies for natural gas distribution, with consumption of 60 million cubic meters per day, while the thermoelectric plants will account for a daily consumption of 47 million cubic meters.

The industrial consumption by the Brazilian oil company Petrobras, he added, will reach 21 million cubic meters per day.

Up to 2008, he said, the country should face difficulties in supplying the internal market, but on the following year "the situation will be calmer and in 2011 the production should already be a little above internal demand."

Amazon Water

The Brazilian government and the World Bank signed September 15 a donation agreement for the project "Integrated Handling of the Aquatic Biodiversity and Water Resources of the Amazon (Aquabio)".

According to the Ministry of the Environment, US$ 17 million will be invested in preservation and sustainable use of the aquatic natural resources of the region.

Tags:

You May Also Like

Can’t You Hear My Scream?

Pará is the poster state for Amazon destruction, injustice and violence. The last decade ...

Facing Too Many Suits to Kick Out Legislators Brazilian Congress Won’t Even Consider Some

The president of the Brazilian Congress’s Council of Ethics, Deputy Ricardo Izar (PTB-São Paulo), ...

Brazil Waiting for an Interest Rate Boost

Brazilian and Latin American stocks declined, yesterday, as investors logged profits following record closing ...

Brazil’s Petrobras Investing US$ 55 Billion in 2008

Almir Barbassa. the Financial director of state-controlled Brazilian oil multinational Petrobras, informed that investment ...

Obama and Family in Brazil: Lots of Ceremony, Little Else

With American president Barack Obama and his family aboard, Air Force One touched down ...

Australian Firm Sure It Will Strike Gold in Brazil

Tiger Resources Limited, an Australian exploration company based in Perth, continues to invest in ...

Survey Says: Brazil’s Lula Wins Reelection by Landslide

Brazil’s latest presidential election poll released today by CNT/Sensus threw a bucket of cold ...

G-20 Meets in Brazil, Urges Reforms, Presents No Concrete Proposal

Gathered in Brazil, ministers of Finance and central bank governors of the G-20, the ...

Bank of America Forecasting 1.3% Growth for Brazil This Year

The economies of Latin America are forecasted to expand 0.7% this year, well below ...

Brazil’s Alcana to Triple Sugar and Alcohol Production

The Infinity Bio-Energy group will invest 85 million Brazilian reais (US$ 40,6 million) in ...