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New Petrobras CEO says dominating domestic refining, gas market bad for company

RIO DE JANEIRO, (Reuters) - Roberto Castello Branco, the incoming chief executive of Petroleo Brasileiro SA , made the case for divestments in the natural gas and refining sectors at a swearing-in ceremony.

At the event in Rio de Janeiro, the new head of Petrobras, as the firm is known, said the company’s domestic domination of the natural gas supply chain was bad for the company and bad for Brazil. The state-run firm would like competitors in the domestic refining industry and was always open to new partnerships, he said. (Reporting by Marta Nogueira and Rodrigo Viga Gaier Writing by Gram Slattery Editing by Susan Thomas)

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Editorial Comment
-Adrienne Blume
This year could be the largest ever for LNG export project final investment decisions (FIDs).
EWAnalysis: Impact of technology on gas transmission management—Part 2
-Bob Andrew
This article is the second in our “Impact of Technology” series; the first was “Impact of technology in gas processing plants—Part 1,” which appeared in the October/November 2018 issue of Gas Processing & LNG.

GasPro 2.0: A Webcast Symposium

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The global LNG industry is becoming increasingly interconnected as grassroots export projects get off the ground. Another technology route for processing gas into fuels—GTL—is attracting renewed attention due to improving economics. Small-scale solutions for both LNG and GTL are at the forefront of new technological developments, while major projects using more conventional technologies continue to start up around the world.

During this webcast, we will focus on LNG, GTL, gas processing technology developments and deployments, operations, small-scale solutions, transportation, trading, distribution, safety, regulatory affairs, business analysis and more.

October 25, 2018 08:30 AM CDT

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