Petrobras and Shell sign agreement for LNG supply

abarrelfullabarrelfull wrote on 24 Sep 2012 08:26

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Petrobras and Shell signed an agreement to supply liquefied natural gas (LNG) to meet the regasification terminals Pecém (Ceará) and Baía de Guanabara (Rio de Janeiro). The contract provides for the delivery of LNG firm. Petrobras will define, for each load, which terminal the LNG will be delivered.

This agreement whose implementation depends on the technical inspection of endpoint security, meets some of the Petrobras import capacity and compose, together with the other agreements under negotiation and the Master Sales and Purchase Agreements - MSA ("General Terms Agreements") already Signed a contract portfolio to meet the needs of natural gas supply to thermal power generation in Brazil.

"For Petrobras, this partnership with Shell is very important. This agreement also demonstrates the efforts of Petrobras in acquiring firm LNG loads to complement the Brazilian demand for natural gas, "said director of Gas and Energy of Petrobras, Maria das Gracas Silva Foster.

"Shell is pleased to be part of this contract firm LNG supply to Brazil. This is one of many pioneering events that have always marked Shell's commitment throughout the 95 years of operations in the country, "said Anthony Assumpção, President of Shell Southern Cone Gas & Power.

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