Natural gas flowing in Petrobras lines up 23% in 2017

The volume of natural gas in the pipeline network of Brazilian state oil company Petroleo Brasileiro SA (Petrobras) grew roughly 23% in 2017, compared with 2016, a company executive said this week.

Speaking at an event in Rio de Janeiro, Rodrigo Costa, head of Natural Gas at Petrobras, said he expects the gas volume shipped to close the year at an average of 54 million cubic meters per day (MMcm/d), up from 44 MMcm/d last year, Reuters reported.

Production in Brazil’s offshore pre-salt layer has helped drive the increase in supply, Kallanish Energy understands.

Despite increasing supply, Brazil will likely be importing gas to meet domestic demand until at least 2026, he said.