Oil report

UPDATE 1-Petrobras will not stop gas imports from Bolivia

BUENOS AIRES, Oct 7 (Reuters) - Brazil’s Petrobras has no plans to stop importing pipeline gas from Bolivia in the long term, despite increased domestic production and imports of liquefied natural gas from overseas, Petrobras’s head of gas said Wednesday.

“We are not considering to stop importing Bolivian gas,” Maria das Gracas Foster, director of gas and energy at Petrobras, told journalists at the World Gas Conference. “The gas is important for Brazil.”

Gas imports from Bolivia this year will not reach the same levels as last year, varying from 22 million to 27 million cubic meters per day, Foster said.

Brazil has recently begun importing liquefied natural gas to two terminals, one in Pecem in the north, and another near Rio de Janeiro in the south, though these will act as a supplement to hydropower during the dry season, rather than providing baseload supply.

Brazil intends to build more LNG import terminals in the coming years, the next expected by 2013, Foster said.


Petrobras also intends to build floating liquefaction plants, which would liquefy gas produced off the southeast coast and ship it to onshore terminals.

With potentially up to six import terminals eventually lining Brazil’s coast, the floating liquefaction plants could be used to integrate the north and the south of the country and connect Brazil with other South American importers, such as Chile and Argentina. (Reporting by Edward McAllister, Robert Campbell and Nicolas Masculin) (Edward McAllister +1 646 223 6221,