BP favors natural gas market construction in Brazil

BP wants to participate in Brazil's natural gas infrastructure, and says a consortium of BP, SIEGn. De and prumo logistics SA is building a power plant in Rio de Janeiro that could eventually be supplied by Brazil's offshore oil fields In Brazil, associated gas can absolutely compete with liquefied natural gas (LNG), and the associated gas reserves are huge. BP is expected to be satisfied with the associated gas over time In Brazil, offshore gas is both a problem and an opportunity. The country is rapidly increasing oil production from offshore oil fields, many of which have large amounts of natural gas Traditionally, the natural gas produced by these gas fields has been burned or "reinjected" in the process of increasing crude oil production. However, there are too many natural gas in some oil fields to be put on line, and these processes are difficult to maintain. At the same time, there are few pipelines to transport natural gas to land, and domestic consumption is weak The Brazilian government is encouraging the construction of more natural gas infrastructure, while companies with large gas fields like equinorasa (eqnr. OL) in Norway are also considering the construction of pipelines and onshore terminals.