{"id":99384,"date":"2026-08-04T16:00:11","date_gmt":"2026-08-04T19:00:11","guid":{"rendered":"https:\/\/murray.adv.br\/?p=99384"},"modified":"2026-08-04T16:00:11","modified_gmt":"2026-08-04T19:00:11","slug":"petrobras-weighs-offshore-lng-exports-as-gas-market-reforms-advance","status":"publish","type":"post","link":"https:\/\/murray.adv.br\/en\/petrobras-weighs-offshore-lng-exports-as-gas-market-reforms-advance\/","title":{"rendered":"Petrobras weighs offshore LNG exports as gas market reforms advance"},"content":{"rendered":"<section class=\"content--header\">\n<div class=\"row content-head non-featured \">\n<div class=\"title\">\n<h6 class=\"content-head__title\" style=\"text-align: center\"><em><strong>Oil giant studies offshore liquefied natural gas facilities as proposed gas market reforms could require it to sell part of domestic output to rivals<\/strong><\/em><\/h6>\n<\/div>\n<\/div>\n<div class=\"content__signa-share\">\n<div class=\"content__signature\">\n<div class=\"content-publication-data\">\n<div class=\"content-publication-data__text\">\n<div class=\"content-publication-data__from\"><\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p class=\"content-publication-data__updated\"><time datetime=\"2026-08-04T12:45:13.103-03:00\">08\/04\/2026 <\/time><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<div id=\"mc-article-body\" class=\"mc-article-body ready cropped\">\n<article>\n<div class=\"no-paywall\">\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"30\" data-block-id=\"2\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\"><strong>Petrobras\u00a0<\/strong>will begin studying the feasibility of investing in offshore\u00a0<strong>liquefied natural gas (LNG)<\/strong>\u00a0facilities to export part of Brazil\u2019s natural gas production, according to sources familiar with the matter.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"83\" data-block-id=\"3\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\">The move comes amid discussions over the\u00a0<strong>Gas Release program<\/strong>, provided for under Brazil\u2019s New Gas Law, which aims to expand private companies\u2019 access to the natural gas market. The initiative, which still requires regulation by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), would require a dominant market player to sell part of its natural gas production to competitors in an effort to increase competition. The proposal is on the agenda for the agency\u2019s next board meeting on Friday (7).<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"54\" data-block-id=\"5\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\">If those restrictions on Petrobras\u2019s market position are adopted, the oil giant is considering directing investments abroad. \u201cAs the Gas Release program is currently designed, it does not create a single additional molecule of gas. It simply shifts market share from the state-owned company to private players,\u201d a source close to Petrobras told\u00a0<strong>Valor<\/strong>.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"44\" data-block-id=\"6\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\">Petrobras announced on Monday (3) its third natural gas discovery in\u00a0<strong>Colombia<\/strong>. If all three discoveries produce the expected volumes, the Brazilian company\u2019s Colombian output will be comparable to production from the main phase of the Sergipe Deepwater Project (SEAP) in Brazil\u2019s Sergipe-Alagoas Basin.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"55\" data-block-id=\"7\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\">The project in northeastern Brazil is considered key to expanding Petrobras\u2019s gas production. It includes two offshore platforms and a 134-kilometer gas pipeline. SEAP I will have the capacity to process 10 million cubic meters of natural gas per day, while SEAP II is expected to process up to 12 million cubic meters per day.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"83\" data-block-id=\"8\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\">Petrobras\u2019s Colombian operations do not currently include plans to export gas, although that remains a future possibility. Bringing Colombian gas to Brazil, however, would require Brazil\u2019s regulatory framework to remain unchanged, the source said. Combined, the three discoveries could supply Colombia\u2019s domestic market for 10 years, ensuring the country\u2019s self-sufficiency in natural gas. Petrobras has operated in Colombia for 39 years and is the operator of the GUA-OFF-0 Block consortium, holding a 44.44% stake alongside Colombia\u2019s state-owned\u00a0<strong>Ecopetrol<\/strong>, which holds the remaining 55.56%.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"52\" data-block-id=\"9\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\">The project is expected to require investments of $1.2 billion during the exploration phase and $2.9 billion for field development. Production is projected at 13 million cubic meters of natural gas per day over 10 years. First gas is expected in 2030, subject to the issuance of all required permits and licenses.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"60\" data-block-id=\"11\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\">The latest discovery, announced Monday (3), was made at the Sandia-1 exploratory well, located in the same block as the previous two discoveries. Drilling began on June 12 and reached its final depth on June 29, confirming the presence of hydrocarbons. The well is located 42 kilometers off Colombia\u2019s coast in ultradeep waters with a water depth of 1,251 meters.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"45\" data-block-id=\"12\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\">Petrobras\u2019s expansion in Colombia\u2019s natural gas market has been supported by regulatory reforms in that country aimed at strengthening domestic supply and reducing the risk of shortages. Among the changes was the introduction of long-term firm gas sales contracts, which made the project economically viable.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"41\" data-block-id=\"13\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\">According to the source, the latest discovery also strengthens Latin American energy integration, which could enter a new phase if Colombian gas is eventually exported. Petrobras already imports natural gas from Bolivia through the\u00a0<strong>Brazil-Bolivia Gas Pipeline (Gasbol)<\/strong>\u00a0and from\u00a0<strong>Argentina<\/strong>.<\/p>\n<p data-track-category=\"Link no Texto\" data-track-links=\"\">*By Kariny Leal\u00a0\u2014 Rio de Janeiro<\/p>\n<p data-track-category=\"Link no Texto\" data-track-links=\"\">Source: Valor International<\/p>\n<p>https:\/\/valorinternational.globo.com\/<\/p>\n<p data-track-category=\"Link no Texto\" data-track-links=\"\">\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Oil giant studies offshore liquefied natural gas facilities as proposed gas market reforms could require it to sell part of domestic output to rivals &nbsp; &nbsp; &nbsp; 08\/04\/2026 Petrobras\u00a0will begin studying the feasibility of investing in offshore\u00a0liquefied natural gas (LNG)\u00a0facilities to export part of Brazil\u2019s natural gas production, according to sources familiar with the matter. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8106],"tags":[27054],"class_list":["post-99384","post","type-post","status-publish","format-standard","hentry","category-murray-news","tag-oil-giant-studies-offshore-liquefied-natural-gas-facilities"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Petrobras weighs offshore LNG exports as gas market reforms advance - Murray Advogados<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/murray.adv.br\/en\/petrobras-weighs-offshore-lng-exports-as-gas-market-reforms-advance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Petrobras weighs offshore LNG exports as gas market reforms advance - Murray Advogados\" \/>\n<meta property=\"og:description\" content=\"Oil giant studies offshore liquefied natural gas facilities as proposed gas market reforms could require it to sell part of domestic output to rivals &nbsp; &nbsp; &nbsp; 08\/04\/2026 Petrobras\u00a0will begin studying the feasibility of investing in offshore\u00a0liquefied natural gas (LNG)\u00a0facilities to export part of Brazil\u2019s natural gas production, according to sources familiar with the matter. 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