Petrobras to invest US$ 3.6 billion in consolidation of gas pipeline network in Brazil
The funds will be invested in the construction of 4,000 kilometres of pipelines in the next two years, connecting the city of Fortaleza, in northeastern Brazil to Porto Alegre, in the south, and Campinas, in the southeast, as well as connecting Campinas with the Brazil-Bolivia pipeline and the Argentine system. According to Ildo Sauer, the gas director at the state-owned company, participation of natural gas in the Brazilian energy matrix is going to rise from the current 7.5% to 12% in 2010.
By Mark Ament
