The key issue: A delay to Petrobras’s Route 3 pipeline has forced the company to reinject pre-salt gas “on a much larger scale than recommended”, Chief Executive Roberto Castello Branco said last week.
Interfax analysis: Brazil’s plan to take advantage of its rising gas production could be undermined by a lack of takeaway capacity at its pre-salt fields.
Petrobras said in its annual report earlier this year that the BRL 6 billion ($1.5 billion) Route 3 pipeline, originally expected to enter service in 2017, would be delayed...
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