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Petrobras handed LNG import approval

Bnamericas Published: Thursday, October 10, 2013
Brazil's state-run energy major Petrobras (NYSE: PBR) has been given approval to import 11Mm3 of liquified natural gas (LNG) via the Bahia regasification terminal in the country's northeast. The decision by the country's mining and energy ministry ( MME) refers only to spot market purchases to meet domestic demand, according to federal gazette Diário Oficial da União. Brazil's northern region and the western state of Mato Grosso are not eligible for the shipments. Petrobras has until January 30, 2015 to make the orders from foreign suppliers, whose names were not specified. In a separate decision, energy trading firm Tradener has been given permission to import up to 100,000m3 of natural gas from Bolivia. The authorization is valid for 180 days.

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