Seatrium, Petrobras Discuss Offshore Gas for Asia Supply
Singapore's Seatrium and Brazil's Petrobras are discussing a partnership for offshore natural gas solutions. This collaboration targets Asia's rising liquefied natural gas (LNG) demand.
New Gas Ventures
Petrobras CEO Magda Chambriard and Seatrium CEO Chris Ong confirmed talks on offshore natural gas solutions. They spoke on Thursday (Aug 27) after a ceremony for two floating production storage and offloading (FPSO) vessels. Chambriard stated discussions centre on Seatrium supporting Petrobras to liquefy gas offshore. This aims to facilitate gas export to Asia and other markets.
Petrobras already exports significant crude oil to Asia-Pacific, its primary destination. The region also shows the fastest global gas demand growth.
Seatrium's LNG Focus
Seatrium focuses intently on the liquefied natural gas (LNG) market, Ong noted. The company expects to deploy various assets beyond FPSOs, enabling supply chain economics. Seatrium's H1 2026 earnings briefing highlighted growing demand for offshore natural gas solutions.
Ong previously cited specific demand for floating LNG platforms (FLNG) and floating storage and regasification units (FSRUs). FLNG units extract and liquefy gas, while FSRUs store and regasify it. Seatrium pursues S$7 billion in African FLNG conversion and new-build projects. It also identified S$2 billion in Asia-Pacific FSRU conversion and powership opportunities.
Broader Collaboration and Asia Impact
This gas collaboration builds on existing projects. Petrobras 80 and Petrobras 82, two FPSOs managed by Seatrium, will sail for Brazil's Buzios oil field in September and October. They will begin production in H1 2027. Each vessel can produce 225,000 barrels of oil and process 12 million cubic metres of gas daily.
These units will collectively add 450,000 barrels of oil per day to the Buzios field. The broader programme includes six FPSOs from Seatrium, adding 1.3 million barrels per day. This partnership could significantly enhance Asia's future LNG supply, addressing energy security needs amplified by tighter global supply.
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