What is Petrobras considering doing with its natural gas, and why?

Petrobras is exploring the export of liquefied natural gas (LNG) from its deepwater offshore fields in the Atlantic, driven by surging demand in Asia and efforts by countries to diversify LNG supply away from Qatar, which has been largely blocked from exporting due to the Iran war. CEO Magda Chambriard stated, 'We see room to export gas through LNG vessels,' and confirmed ongoing talks with Singapore-based Seatrium Ltd. on liquefaction and export solutions.

What current use dominates Brazil's natural gas production, and what challenge does Petrobras face domestically regarding gas policy?

More than half of Brazil's natural gas is currently re-injected into oil wells to boost crude production rather than being sold, despite the country being one of South America’s largest gas producers thanks to its ultra-deepwater salt-layer reservoirs. Domestically, Petrobras faces a proposed regulation that would require dominant market players like itself to make some of their gas supply available to competitors — a measure it opposes, arguing it creates legal uncertainty for investors and could jeopardize domestic gas supply expansion projects.

Petrobras Considers Exporting LNG as Asian Demand Surges

Aug 27, 2026

Petrobras is exploring LNG exports from offshore fields amid surging Asian demand, engaging shipbuilder Seatrium for liquefaction projects despite domestic regulatory challenges. The state-controlled oil producer aims to diversify beyond crude oil sales to Asia-Pacific markets.

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