Brazil’s Petrobras Unlocks Offshore Gas, Reducing Prices and Imports With Rota 3 Expansion

Petrobras confirmed that it now processes more than 50 million cubic meters of natural gas per day. Chief executive Magda Chambriard said the increase allows the company to place more gas into the market at lower prices. Petrobras is offering contracts with flexible terms at six to seven dollars per million BTUs, which is close […]