Brazil is the world’s 51st-largest producer of natural gas and the country’s output decreased by 7% in 2022, over 2021. The country accounts for 10% of global production, with the world’s other largest producers being the US, Russia and Iran. GlobalData uses proprietary data and analytics to provide a complete picture of the natural gas sector in Brazil in its report, Brazil Exploration & Production, 2022. Buy the report here.
Over the five years to 2022, production from Brazil decreased by a CAGR of 3% and is expected to drop by a CAGR of 0.07% between 2023 and 2027.
The largest producers of natural gas in Brazil are Petroleo Brasileiro, Shell and Eneva. Petroleo Brasileiro was the largest producer of natural gas in 2022 with output down by 7% on 2021.
Shell was the second-largest producer, with output up by 2%, and Eneva was third with a decrease of 51% on the previous year.
There are 51 natural gas producing fields in Brazil of which six are located offshore and the rest onshore. The Bahia has the majority of the natural gas fields in the country with 25.
For more detailed analysis of natural gas sector in Brazil, buy the report here.