Apr 30, 2012

Energy-hungry Brazil is expected to be rapid growth of the gas market

The energy company Eon is considering the production of gas in Brazil. In addition to the agreed construction of power plants with the Brazilian entrepreneur Eike Batista, check the provider to enter into the joint gas exploration. "We will look at the invitation of Eike Batista, if we can come together on this field as a complementary activity," said Eon chief John Teyssen the "Financial Times Germany" (Monday). In northern Brazil, significant deposits were discovered. Eon has been building years from the domestic production of gas as Russia.

In the energy-hungry Brazil is expected to be rapid growth of the gas market. The energy from the northern gas fields could be expected to generate electricity directly from a local power plant operator, according to Teyssens, Eon and the MPX - a subsidiary of the holding company EBX Batista - currently set up. Each page holds half the shares. The contracts signed Teyssen and the South American Group founder last week in Dusseldorf.

Eon will be expected to invest an average yearly until further hundreds of millions in Brazil, said Teyssen. First returns from the joint venture with Batista expects the Eon chief until 2014. "At the moment it comes to us primarily organic, based on competence growth in a very dynamic market." Acquisitions are also possible: "We have the eyes open in all directions.

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