Brazil Is Interested in Signing Long-Term LNG Deal with Qatar
- Petrobras executives will go to Qatar later this month
- An agreement could help Brazil cut energy import costs
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Brazil’s state oil company is seeking to secure a steady supply of liquefied natural gas from Qatar in a bid to curb import costs for the super-chilled fuel, its chief executive said at India Energy Week.
“We want to try to establish a long-term relationship with Qatar,” said Jean Paul Prates, a former senator handpicked by President Luiz Inacio Lula da Silva, who has helmed Petroleo Brasileiro SA since January 2023. Petrobras executives will go to Qatar later this month to propose a long-term LNG contract with a steady price, like that linked to Brent oil, he said.