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Source: Petrobras
Date: 06/25/2007 00:00
Petrobras` president, José Sergio Gabrielli de Azevedo, was in Qatar on June 17 for a series of meetings with local Government representatives to evaluate business
opportunities there. Qatar is the world`s biggest Liquefied Natural Gas (LNG) producer and holds nearly 5% of the global natural gas reserves. The entourage led by
Petrobras` president met with the Vice-Prime Minister and also Minister of Energy & Industry of Qatar, HE Abdullah Bin Hamad Al Attivah, with Minister of State, Dr.
Mohammad Saleh Al-Sada, and with Qatar Petroleum and RasGas executives.
With Qatar Petroleum International`s CEO, Nasser Khalil Al-Jaidah, José Sergio Gabrielli de Azevedo discussed the possibility of Petrobras importing LNG from Qatar and of
entering that Arab country`s exploration & production sector. Qatar Petroleum International also showed interest in discussing joint business opportunities with other
countries and possible participation in thermoelectric generation in Brazil. The two companies are studying signing a Memorandum of Understandings (MOU) to deepen their
relationship and give continuity to the negotiations.
At Petrobras` invitation, a technical delegation from Qatar is expected to visit Brazil to learn more about the company`s operations. The Brazilian entourage`s visit to Qatar
was the highlight of the Economy news sections of the country`s main newspapers, such as the Gulf Times, the Qatar Tribune, The Peninsula, as well as on the Al Jazeera
TV network.
In addition to Petrobras` president, the company`s Gas & Energy Director, Ildo Sauer; Executive Manager for Gas & Energy Marketing and Trade, Luiz Antonio Pereira;
Market Supply Alternative Development Coordinator for the LNG area, Marcio Demori; and New International Business area Managers, Demarco Jorge and Bassim Dhajah,
were also in the Brazilian delegation.
Steps taken in the LNG project
Two months ago, Petrobras` Board approved the hiring of Golar LNG Ltd. to charter vessels for the Liquefied Natural Gas terminals in the Guanabara Bay, Rio de Janeiro, and
in Pacém, Ceará. These are two Floating Regasifying and Storage units that can also be used to transport LNG. One of the units will be capable of regasifying up to 14
million cubic meters of gas per day, while the other up to 7 million.
In the same period, the Company signed a Master LNG supply Agreement with Nigeria LNG. A similar agreement was also reached with Algerian Sonatrach, in addition to
an MOU to study, among other projects, a possible Liquefied Petroleum Gas (LPG) supply cooperation agreement to supply the product`s import terminals to be deployed in Pacém (CE) and in the Guanabara Bay (RJ).

