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Ocean LNG to supply LNG to Brazil-based CELSE

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LNG Industry,


Qatar Petroleum has released a statement claiming that its President and CEO, Saad Sherida Al-Kaabi, has hosted a signing ceremony for a long-term LNG sale and purchase agreement (SPA) between Ocean LNG Ltd (an affiliate of Qatar Petroleum) and CELSE-Centrais Elétricas de Sergipe S.A. The latter is a Brazil-based joint venture (JV) between GG Power and Ebrasil.

Under the terms of the SPA, Ocean LNG will provide 1.3 million tpy of LNG to CELSE on an Ex-ship basis. The shipments will commence in 2020, and will be for use at CELSE’s Porto de Sergipe power project, which is located near Aracaju, Sergipe, Brazil.

Al-Kaabi said: “This is the first SPA to be entered into by Ocean LNG, making it the first supplier to deliver LNG to Brazil under a long-term contract. It represents another step towards enhancing our position as a global LNG leader and extending our reach to all markets.

“Brazil is an important LNG market and we are proud to contribute to meeting Brazil’s gas demand. We look forward to a long-term relationship with CELSE and its shareholders, and to work together to meet Brazil’s energy needs.”

Eduardo Malan, the CEO of CELSE, added: “This is an important milestone in the development of the Porto de Sergipe power plant. CELSE is proud to partner with LNG industry pioneers Qatar Petroleum and ExxonMobil and their newly formed Ocean LNG joint venture as its long-term fuel supplier.”

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/14112016/ocean-lng-to-supply-lng-to-brazil-based-celse/


 

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