Brazil Seeks to Boost Gas Supply With Petrobras [Financial Post (Toronto, Ontario, Canada)]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Brazil's oil giant Petrobras should increase its efforts to boost natural gas supplies and lower prices to help revive the nation's industry, said mines and energy minister Alexandre Silveira. Petroleo Brasileiro SA, as the state-run company is formally known, must speed up studies that will help it curb the amount of gas injected back into oil reservoirs to boost crude production, Silveira said in an interview. That will free up more gas for sale. Petrobras – and other oil majors – should also invest in new gas pipelines to increase domestic supplies, he said. Article content Article content After weeks of publicly clashing with Petrobras's Chief Executive Officer, Jean Paul Prates, Silveira acknowledged “some progress” by the company's management. As an example, he cited Rota 3, a long-delayed offshore gas pipeline scheduled to start operation
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