Brazil Reviews Amazonian Natural Gas
RIO DE JANEIRO, Oct. 24 (UPI) — An energy company eyeing natural gas in the Amazon rainforest said it aims to share a natural gas pipeline with Petrobras to help monetize the project.
Executives from Brazilian energy company HRT, TNK-Brazil and state-run energy company Petroleo Brasileiro, or Petrobras, signed a letter of intent last week for natural gas work in the Solimoes Basin.
The Brazilian National Agency of Petroleum said the region holds an estimated 2.4 billion barrels of oil equivalent in proven reserves.
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