Brazilian President Lula da Silva plans to sign agreements with Russia on uranium, LNG and fertilizers during his visit to Moscow.
During the visit of Brazilian President Luiz Inacio Lula da Silva to Russia on May 8, 2025, the parties will discuss the creation of a joint venture for exploration and production uranium. This was reported by the Brazilian publication Exame, citing government sources.
The main negotiations will concern three areas:
1. Uranium industry – it is planned to create a joint venture between the Russian company TENEX (part of Rosatom) and the Brazilian Núcleo Brasil.
2. LNG projects – the Brazilian delegation will sign an agreement with NOVATEK for the development of liquefied gas infrastructure.
3. Fertilizer production – the parties will discuss the creation of joint ventures in Brazil.
In February 2025, Rosatom won the tender for uranium enrichment for Brazil, ahead of China’s CNEIC. The contract is valued at $40 million and is important for the development of the country’s nuclear energy.
Brazil ranks 7th in the world in terms of uranium reserves, but researched only 26% of its subsoil. This opens up great prospects for cooperation with Russia.
Lula da Silva’s visit will strengthen the two countries’ partnership in energy and mining, which could make Brazil a key player in the global uranium market.
Source: neftegaz.ru
