Brazil Mulls LNG Imports Into Early 2025 as Hydro Levels Shrink [Financial Post (Toronto, Ontario, Canada)]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Gas buyers in Brazil are inquiring about potential purchases of global shipments well into the first quarter as persistently dry weather threatens hydropower generation. The country will need five or more cargoes of liquefied natural gas a month from January through at least the end of March to fill energy supply gaps, according to traders with knowledge of the talks. Discussions about potential deliveries early next year are still preliminary and cargoes haven't been contracted yet, they said. Latin America's largest economy is going through its worst drought in 40 years, forcing the nation that usually relies mostly on hydro power to burn more gas for electricity generation. The outlook for below-average precipitation in the coming months means that rainfall probably won't be enough to replenish reservoirs. Brazil's LNG imports have been on th
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