Drought conditions in Brazil’s Southeast-Central West region are putting pressure on state-owned oil and gas company Petrobras to seek out prompt and near-term LNG cargoes to supplement the country’s power supply, sources said Monday. Petrobras was recently heard in the market lifting an FOB cargo from Qatar for an undisclosed price. The 157,000 cubic meter Wilpride, currently under Petrobras’ control, loaded the cargo Friday from the port of Ras Laffan, Qatar. The vessel is currently in the Gulf of Oman and is expected to arrive at the Bay of All Saints terminal in Salvador, Bahia, by late August. Petrobras has also been heard in the market looking for cargoes for FOB lifting or delivery in September, October and possibly November, ahead of the rainy season which runs from December through April. The recent push to shore up the country’s power supply comes as reservoir levels in Brazil’s Southeast-Central West […]