Edit ModuleShow Tags

Brazil Petrobras Establishes Natural Gas Joint Venture


Published:

Brazil's Petrobras has signed a deal with Praxair Inc. subsidiary White Martins to form a natural gas company. Petroleo Brasileiro, as Petrobras is formally known, will have a 40% stake in the new company, to be based in Sao Paulo state. White Martins will have a controlling 60% stake in the venture.

Under the terms of the agreement, White Martins will be responsible for building the new $38 million factory, scheduled to be completed in the second half of 2005. Petrobras, which discovered massive reserves of natural gas off the coast of Sao Paulo last year, will supply the gas. The factory will have the capacity to liquefy 380,000 m3/d. It will seek to serve industrial clients in the states of Sao Paulo, Parana, Goias and Brasilia – areas currently without access to gas pipelines.

Edit ModuleShow Tags

Archive »Recent Articles

GE Adds Propak To Power Packager Program

GE’s Distributed Power business has expanded its Gas Compression Power Packager program in Canada by adding Propak Systems as a new participant at the platinum level.

Nasmyth Group Opens North American Headquarters

Nasmyth Group, a global supplier of precision engineering, products and services, opened its regional North American headquarters.

Chesapeake Utilities Completes Gatherco-Aspire Energy Merger

Chesapeake Utilities Corp. completed the merger of Gatherco, Inc. into Aspire Energy of Ohio, LLC, Chesapeake Utilities' newest wholly-owned subsidiary. The transaction is valued at US$59.2 million.

Bidell Joins GE’s Gas Compression Packager Program

GE’s Distributed Power business has expanded its Gas Compression Power Packager program in Canada by adding Bidell Gas Compression as a new participant at the Platinum Level.

EthosEnergy Poland Nets Generator Contract

EthosEnergy Poland S.A. business has received a contract for the design, manufacture, transportation and assembly of four 150 MVA 242/13.8 kV generator step-up and two 6 MVA 13.8/6 kV auxiliary transformers for the Porabka-Zar hydropower station in Poland.