Exploration & Production

Pre-salt will deal a blow to Brazil’s gas imports

Brazil’s imports of gas and LNG will continue to fall as pre-salt output consolidates its position in the country’s supply mix Brazil’s imports of gas and LNG will continue to fall as pre-salt output consolidates its position in the country’s supply mix.
By Abhishek Kumar 25 August 2017 0 27297
LNG tanker docked at Port of Pecem. Brazil’s imports of gas and LNG will continue to fall as pre-salt output consolidates its position in the country’s supply mix. (Petrobras)

Directional impact on forecast:
Downbeat on Brazil’s gas and LNG imports

The pre-salt revolution has already changed Brazil’s gas supply landscape by reducing the country’s reliance on imported LNG and pipeline volumes. Brazil is now preparing itself for two bidding rounds for production-sharing contracts later this year and more auctions in 2018 and 2019, which could further dampen the need for imports in the medium-to-long term.

The two licensing rounds scheduled for later this year will be Brazil’s first production-sharing auction since 2013, when...