Brazilian state-run energy giant Petroleo Brasileiro , or Petrobras, said Monday that it will install a third liquefied natural gas terminal in Bahia amid surging domestic demand for the clean-burning fuel from Brazil's industrial sector.
President Dilma Rousseff will announce the plant on Tuesday during an event, with Petrobras signing a protocol of intentions with Bahia state officials, the company said.
The terminal will allow Petrobras to further expand the use of LNG imports amid a recovery of natural gas use in Brazil's industrial sector. Natural gas consumption in Brazil is on an upward trend again after falling in the wake of the global economic slowdown.
The Bahia regasification terminal, or TRBA, will have installed capacity to regasify 14 million cubic meters of natural gas per day, Petrobras said. Construction on the $706 million terminal will start in March 2012, with completion expected by August 2013.
Petrobras operates two LNG terminals at Guanabara Bay in Rio de Janeiro state and Pecem in Ceara state. The Guanabara Bay terminal can regasify 14 million cubic meters of natural gas per day, while Pecem can handle 7 million cubic meters daily.
The three terminals will give Petrobras a regasification capacity of 35 million cubic meters a day, more than the 31 million cubic meters of natural gas that Brazil imports daily from neighbor Bolivia, Petrobras said.
President Dilma Rousseff will announce the plant on Tuesday during an event, with Petrobras signing a protocol of intentions with Bahia state officials, the company said.
The terminal will allow Petrobras to further expand the use of LNG imports amid a recovery of natural gas use in Brazil's industrial sector. Natural gas consumption in Brazil is on an upward trend again after falling in the wake of the global economic slowdown.
The Bahia regasification terminal, or TRBA, will have installed capacity to regasify 14 million cubic meters of natural gas per day, Petrobras said. Construction on the $706 million terminal will start in March 2012, with completion expected by August 2013.
Petrobras operates two LNG terminals at Guanabara Bay in Rio de Janeiro state and Pecem in Ceara state. The Guanabara Bay terminal can regasify 14 million cubic meters of natural gas per day, while Pecem can handle 7 million cubic meters daily.
The three terminals will give Petrobras a regasification capacity of 35 million cubic meters a day, more than the 31 million cubic meters of natural gas that Brazil imports daily from neighbor Bolivia, Petrobras said.