Suez, Petrobras Sign LNG Supply Deal

Monday, November 12, 2007
French energy company Suez and Brazil's federal energy company Petrobras (NYSE: PBR) have signed an LNG supply deal, a Suez spokesperson reportedly told BNamericas. Suez's Suez Global LNG division signed the deal, in which the volume and price Petrobras will pay for the LNG will vary, the spokesperson reportedly said. The LNG will come from different parts of the world. Petrobras will start operating its two floating LNG regasification units in Rio de Janeiro and Ceará states in May 2008. The first LNG supply vessel is due to arrive in Brazil in April 2008 and the second in April 2009. The two terminals have combined capacity of 21Mm3/d. [Source: http://www.bnamericas.com]

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