Bloomberg News

HRT May Supply Amazon Gas to Power Plants, Mello Says

October 24, 2011

(Corrects headline and first paragraph to say the company will supply natural gas.)

Oct. 24 (Bloomberg) -- HRT Participacoes em Petroleo SA may supply natural gas from Brazil’s Amazon region to power plants to convert the commodity into electricity, Chief Executive Officer Marcio Mello told reporters today in Sao Paulo.

HRT may also form associations with “other players” apart from state-controlled Petroleo Brasileiro SA to transport natural gas through pipelines, Mello said. Sao Paulo-based Valor Economico newspaper reported today that Petrobras doesn’t have plans to let HRT use its pipeline. Mello said HRT hasn’t requested to use Petrobras’s pipeline.

To contact the reporter on this story: Katerina Petroff in Sao Paulo at kpetroff@bloomberg.net

To contact the editor responsible for this story: Peter Millard at pmillard1@bloomberg.net


Best LBO Ever
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus