Excelerate Energy concludes tender negotiation stage for Bahia LNG Terminal lease
Published by Sarah Smith,
Assistant Editor
LNG Industry,
Excelerate Energy L.P. has announced that it has successfully concluded the negotiation stage of the tender process for the lease of Bahia Regasification Terminal with Petróleo Brasileiro S.A. Once the financial and legal qualification and certification stages have been concluded and all necessary regulatory approvals have been obtained, Excelerate will start importing LNG and selling regasified natural gas to its Brazilian customers. Excelerate will deploy one of its existing FSRU for service at the Bahia Regasification Terminal.
“Petrobras’ decision to advance in the tender for leasing the Bahia Regasification Terminal to Excelerate is an important milestone in the process of promoting competition in the Brazilian natural gas sector. We understand that increasing access to flexible LNG supply is critical to stabilising Brazil’s energy system, especially during adverse weather events such as the current severe drought,” stated Steven Kobos, President and Chief Executive Officer of Excelerate. “Petrobras has trusted Excelerate with critical services for years, and we expect to continue to support Petrobras’ efforts to increase LNG access for the Brazilian energy market. We are proactively engaging with customers to assess their natural gas requirements and co-ordinating with Petrobras to ensure a timely and seamless transition of service.”
Excelerate has provided regasification services in Brazil since 2012, with a track record of operational excellence at Petrobras’ LNG terminals in Bahia, Guanabara Bay, and Pecém. In September 2020, Excelerate’s FSRU Experience broke an industry record for send-out capacity by reaching 1.06 billion ft3 at the Guanabara Bay LNG Regasification Terminal.
As the leader in flexible LNG regasification solutions, Excelerate has delivered reliable, cleaner energy to markets across the globe, developing and operating 13 LNG terminals worldwide.
Read the article online at: https://www.lngindustry.com/regasification/27082021/excelerate-energy-concludes-tender-negotiation-stage-for-bahia-lng-terminal-lease/
You might also like
EIA: US natural gas trade will continue to grow with the start-up of new LNG export projects
The U.S. Energy Information Administration’s recently released Short-Term Energy Outlook forecasts that US LNG exports will continue to lead growth in US natural gas trade as three LNG export projects currently under construction start operations and ramp up to full production by the end of 2025.