Wednesday, September 17, 2008

Brazil Hopeful 120 MMCMD Additional

RIO DE JANEIRO, Brazil: A Brazilian energy analyst says recent offshore oil finds may help the country produce 120 million cubic meters of natural gas a day.

Marco Tavares, managing director of Brazil's Gas Energy consulting firm, says that would make Brazil self-sufficient in natural gas.

Brazil consumes about 60 million cubic meters of the fuel daily to power its energy grid, and as fuel for cars and cooking.

About half that comes from Bolivia, where anti-government protests and pipeline sabotage disrupted exports to Brazil last week.

Brazil has been looking for ways to ease its dependence on gas imports.

Tavares spoke Tuesday at an oil and gas forum in Rio de Janeiro. He did not say when Brazil might be able to boost gas production.

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