Little more than two years ago, current Petrobras chief executive Maria das Gracas Foster was bullish about the company’s chances of hosting the world’s first floating liquefied natural gas project.
A more conservative view of costs and commercial logic persuaded the oil company to opt for another major pipeline for its third clutch of pre-salt projects.
What has happened since then demonstrates why Foster, in her former position as head of gas and energy, seemed so keen on FLNG.
The
