1. PETROBRAS developed an LNG import terminal project to provide flexible natural gas supply to meet Brazil's growing and variable demand. 2. Two LNG import terminals were constructed - one in Pecém and one in Guanabara Bay. Both terminals were built and commissioned between 2008-2009. 3. The terminals allow for LNG to be imported via carriers and regasified using Floating Storage and Regasification Units to supplement domestic gas supply and provide flexibility for the power market.