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Brazilian state-led oil company Petrobras more than tripled LNG imports in 2021 to a fresh record high in a bid to counter the country’s worst drought in 20 years as typically cheaper hydropower was in short supply, according to the company. Petrobras imported a record 23 million cu m/d of LNG in 2021, up from . ....
Brazil’s Petrobras transferred operations of its LNG terminal in Bahia state to Excelerate Energy, clearing the way for the US-based company to start injecting natural gas into the country’s pipeline network, the state-led company said Dec. 6 The transfer was made Dec. 4, shortly after the Justice Ministry’s Antitrust Division, known as CADE, approved the . ....