Since the GNA LNG-to-power project launched commercial operations, KN has become an operator of two fully operational LNG terminals.
The company has acquired a 49.9% stake in AES Colón from Inversiones Bahia, Ltd., increasing its ownership to 100%.
The severe drought in Brazil will contribute to an extremely tight power balance in the country, reports Wood Mackenzie.
Once approved, Excelerate will start importing LNG and selling regasified natural gas to Brazilian customers.
According to GlobalData, the country’s delays in introducing its gas plan mean that it will not produce enough natural gas to get the country through winter.