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Brazil's Petrobras aims to become natural gas powerhouse

From spglobal.com

Petrobras is looking to become a natural gas powerhouse, a market that is relatively undeveloped in Brazil, the company's CEO Roberto Castello Branco said Tuesday at CeraWeek by IHS Markit. The state-owned company is working with the government to make conditions to create an open and competitive natural gas market in Brazil, he added. "Natural gas can put Brazil into the path of prosperity while protecting its environment," Branco said. There is an exciting opportunity to transition Brazil's transportation cargo fleet from diesel to compressed natural gas, he added. Branco said that Petrobras has an ... (full story)

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  • Category: Fundamental Analysis