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PBR » Topics » Expand the natural gas market in Brazil to ensure a market for the natural gas that we produce or acquire through existing off take obligations

This excerpt taken from the PBR 20-F filed Jun 30, 2005.

Expand the natural gas market in Brazil to ensure a market for the natural gas that we produce or acquire through existing off take obligations

 

Through our participation in all segments of the natural gas market, both in Brazil and abroad, we seek to stimulate and meet natural gas demand. We intend to continue to expand our participation in the natural gas market by:

 

  •   expanding our production of associated gas offshore and exploiting our non-associated gas reserves in Bolivia and the Solimões basin and recent discoveries in the Santos Basin;

 

  •   expanding our extensive natural gas pipeline network to further connect our natural gas reserves with refineries and other primary distribution points throughout Brazil; and

 

  •   maintaining investments in natural gas distribution and transportation companies.

 

As a result of our investments and the growing importance of natural gas as an energy alternative, we anticipate that the proportion of our revenues and assets represented by our natural gas operations will increase, leading to a greater impact of these activities on our results of operations.

 

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