This excerpt taken from the PBR 6-K filed Sep 12, 2008.
Natural gas supply from Bolivia to Brazil
(Rio de Janeiro, September 11 2008). PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, announces that today, at 2 PM, the San Antonio field, in Bolivia, resumed the production of some 13 million cubic meters of natural gas per day, which had been interrupted at 5:45 AM, today (09/11), due to the closing, by Bolivian demonstrators, of a valve of the system operated by transporter Transierra, which supplies the Bolivia-Brazil Gas Pipeline (Gasbol). Located in the region of Boa Vista, the valve was reopened at 12 PM.
Thus far, natural gas supply to the Brazilian market has not been affected. In order to ensure the supply, since yesterday (09/10), Petrobras has been adopting the measures provided for in its contingency plan.
Among the measures Petrobras has taken is the reduction of the natural gas consumption at its units and substituting it for other fuels. Petrobras uses the product at the refineries, at the oil production units, and at its thermoelectric plants.
Additionally, Petrobras informs that Transierra teams are working on recovering the valve located in the region of Yacuíba (Bolivia), which was blocked on Wednesday by Bolivian demonstrators.
The Company is taking the necessary steps to ensure the safety of the workforce and to protect its facilities in Bolivian territory.
This document may contain forecasts that merely reflect the expectations of the Companys 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.
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: September 11, 2008
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 occur. 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.