Paper: Gazprom Potential Partner for Continental Pipeline
Brazil's federal energy company Petrobras (NYSE: PBR) considers Russian gas company Gazprom a good candidate to help build the natural gas pipeline supported by Brazil, Venezuela and Argentina, Spanish news agency EFE reported.
Petrobras is in talks with Russian oil and gas companies, a Petrobras spokesperson told BNamericas. The company would not say which specific projects are under discussion.
"The company CEO said Gazprom's track record in the construction of long-distance gas pipelines was interesting," the spokesperson said of Petrobras CEO Jose Gabrielli.
Brazil is one participant in the multilateral project to build a 8,000km natural gas pipeline that would start in Venezuela, cross Brazil and end in countries further south such as Paraguay, Uruguay and Argentina.
Brazil, Argentina and Venezuela already are committed to studying the project that has an estimated construction cost of US$25bn.
Talks are in "initial stages," EFE reported, citing Petrobras investor relations executive Raul Campos as saying.
Visit BNamericas to access our real-time news reports, 7-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.
- US House Opposes Russian Gas Pipeline (Dec 11)
- Gazprom's Second Quarter Profit Soars On Rising Energy Prices, Sales (Aug 29)
- Russian Gas Exports Hit a New Summertime Record (Jul 17)
Company: Petrobras more info
- Oil May Bring 400,000 Jobs and $258B in Investments to Brazil (Jan 17)
- Petrobras Sells Rights in 37 Oilfields for $823MM (Nov 28)
- Brazil Subsea Pipeline Project Goes to McDermott (Nov 21)