Brazil's state-owned oil and gas giant Petrobras said on Thursday that it has signed an agreement to purchase liquefied natural gas from Nigeria.
The deal was signed as part of Brazil's efforts to wean itself off dependence on Bolivia's gas after the Bolivian government announced in May 2006 it would nationalize all oil and gas reserves, a plan affecting Petrobras operations in Bolivia.
Under the agreement, two plants will begin operations in Rio and in Ceara, in April 2008 and March 2009 respectively, whose combined daily output capacity will be more than 20 million cubic meters, according to Petrobras Director of Gas and Energy Ildo Sauer.
The construction of a third plant, with a production capacity of 14 million cubic meters per day, is under study, he added.
In February, Brazil's daily gas consumption reached 38.4 million cubic meters, of which 26 million were imported from Bolivia, according to the association of natural gas distributors.
Brazilian President Luiz Inacio Lula da Silva and his Bolivian counterpart Evo Morales have discussed the possibility of an expropriation of Petrobras refineries.
As Bolivia requested the resumption of negotiations on the nationalization of Petrobras' refineries, Brazil said it would continue importing natural gas from other countries, such as Qatar, Algeria, Nigeria, and Trinidad and Tobago.