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This excerpt taken from the PBR 6-K filed May 22, 2006. Increasing the Supply of Natural Gas (Rio de Janeiro, May 18, 2006). – PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, announces that it presented to the CNPE (National Energy Policy Board) today a plan to increase the supply of natural gas to the southeast of Brazil. The target is to raise production, from the current 15.8 million m3 per day, to 40 million m3 per day by the end of 2008. Petrobras will accelerate the development of two new oil and gas fields in Espírito Santo (1-ESS-164 and 1-ESS-130). The company also intends to increase the supply of gas from the Marlim field, in the Campos Basin, and expand gas production from the Merluza field, in the Santos Basin. These new investments will be included in the company’s annual review of its Business Plan, which will be released to the market when approved. http: //www.petrobras.com.br/ri/english Contacts: Petróleo Brasileiro S.A – PETROBRAS  This document may contain forecasts that merely reflect the expectations of the Company’s management. Such terms as “anticipate”, “believe”, “expect”, “forecast”, “intend”, “plan”,
“project”, “seek”, “should”, along with similar or analogous expressions, are used to identify such forecasts. These predictions evidently involve risks and uncertainties, whether foreseen or not by the Company.
Therefore, the future results of operations may differ from current expectations, and
readers must not base their expectations exclusively on the information presented herein.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: May 19, 2006
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually oc cur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. | ||||||||