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Petrobras proposes Brazil-Venezuela super gas pipeline

Brazilian oil state giant Petrobrás submitted to the government a blueprint to lay out a "super gas pipeline" of more than 8,000 kilometers, able to carry 150 million cubic meters of Venezuelan natural gas to Brazil, the Brazilian press reported.

According to San Paolo newspaper O Estado, Eulogio Delphino, a proposal to supply gas to Brazil came this year from a manager of state oil holding Petróleos de Venezuela (Pdvsa) to Petrobrás Gas and Energy Director Ildo Sauer, DPA reported.

"At the beginning, then Minister of Mines and Energy and now Senior Minister of the President's Civil Cabinet Dilma Rouseff was not very convinced about the idea, and supported instead transportation of Peruvian gas as part of a project called "The gas ring," the daily said.

According to the newspaper, Petrobrás technicians think that the fuel could be marketed at competitive prices in Brazil -around USD 2.60 / million of BTU, against USD 3.60 for the Bolivian gas.


On the Cover

Domestic inflation stands at 1.7 percent

01:11 PM. Economy.
Domestic inflation rate in Venezuela was 1.7 percent in January, at the same rate as in December 2009, despite currency devaluation at the start of the year decreed by President Hugo Chávez, a senior government source told Reuters on Tuesday.

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