BG Group signs Petrobras deal

Petrobras has signed two liquefied natural gas agreements with Reading-based BG Group for work in Brazil. Financial details of the contracts were not disclosed.


Petrobras has signed two liquefied natural gas (LNG) agreements with Reading-based BG Group for work in Brazil. Financial details of the contracts were not disclosed.



Under the contracts, BG Group will supply import terminals for two Petrobras developments: in Pecem, Ceara and Guanabara Bay, Rio De Janeiro.



The first agreement will be used for the commissioning of the Pecem terminal in July 2008, and the second agreement will enable LNG to be supplied to either terminal, depending on the natural gas demand in the local markets.