Portuguese energy sector company Energias de Portugal (EDP), is discussing with the Algerian Sonatrach and with Brazilian partners the possibility of building liquefied natural gas terminals in Brazil to develop combined cycle centers, said the Portuguese company's chairman.
António Mexia said, during the presentation of the company's quarterly results, that Brazil needs more electric production and that, along with wind and water energy, "combined cycle centers play an important part".
"We are studying the model they use for gas supply and evaluating the possibility of participating in projects for the construction of liquefied natural gas terminals," he said to journalists at a press conference.
António Mexia also revealed that EDP is discussing "the available natural gas" with Brazilian oil company Petrobras, but added that it is necessary to "purchase gas abroad". "Up to the end of the year, we will have news," he added.
He had already mentioned that a partnership with Sonatrach for the Iberian Peninsula could be extended to other areas.
EDP also added that they currently have a series of projects under study in Brazil in several technologies (water, combined cycle, biomass and wind) corresponding to a capacity of 4,000 megawatts.
With regard to partnerships with the International Petroleum Investment Company (IPIC), from Abu Dhabi, António Mexia added that "projects in which we may operate in partnership" have been identified. "It is an area that presents good perspectives for us," he said.
With regard to auctions for barrages in Portugal and possible partnerships, António Mexia stated that EDP is currently working on "economic and technical viability studies" and that only after they are completed will partnerships be defined.
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