New Fortress finalizes Brazil LNG supply deal with Norsk Hydro

US LNG player New Fortress Energy said it has finalized a 15-year deal with a unit of Norway’s Norsk Hydro to supply natural gas to the Alunorte alumina refinery in Brazil.

The deal follows a memorandum of understanding signed by the duo in April this year but also the execution of definitive commercial terms in September.

NFE said in a statement on Monday it has agreed to supply Hydro with 29.5 TBtu of natural gas annually or equivalent to about 1 million gallons of LNG per day for a period of 15 years.

The firm’s Barcarena LNG receiving and regasification terminal located in the state of Para, Brazil, will supply the fuel to the refinery. It acquired the FSRU-based project via the Golar deal that included Hygo.

When completed in 2022, the Barcarena LNG terminal would be the sole point of LNG imports in the state of Para and the North region of Brazil, NFE said.

Hydro previously said it would complete the conversion of the Alunorte refinery from fuel oil to natural gas by the first quarter of 2023.

The conversion from oil-based fuel supply to natural gas would reduce the refinery’s annual CO2 emissions by an estimated 700,000 tonnes per annum and support Hydro’s global commitment to reduce greenhouse gas emissions by 30 percent by 2030, it said.

Most Popular

Excelerate buys GasLog LNG carrier

US FSRU player Excelerate Energy has purchased a 2007-built steam liquefied natural gas (LNG) carrier from GasLog Partners, a part of Greek LNG shipping firm GasLog, according to brokers.

Bangladesh receives boost from World Bank to buy LNG supplies

The World Bank has approved a project aimed at helping Bangladesh's state-owned company Petrobangla to secure liquefied natural gas (LNG) supplies.

Kimmeridge’s Commonwealth LNG gets FERC approval

Kimmeridge's Commonwealth LNG has received the Federal Energy Regulatory Commission’s final order upholding authorization for its planned 9.5 mtpa LNG export project near Cameron, Louisiana.

More News Like This

Another FSRU arrives in Egypt

The 160,000-cbm FSRU Energos Eskimo has arrived in Egypt from Jordan, according to shipping data. The unit is one of four FSRUs that will serve a charter deal with Egypt's EGAS as the country seeks to meet its growing demand for natural gas.

Avenir LNG seals charter deal with Excelerate

UK-based small-scale firm Avenir LNG has secured a multi-year extension for its 7,500-cbm vessel Avenir Accolade with US FSRU player Excelerate Energy.

NFE gets non-compliance notice from Nasdaq

US LNG player New Fortress Energy said it had received an expected notice from Nasdaq on non-compliance with the latter’s listing rule for not submitting its quarterly report with the US SEC.

NFE working on two more FSRU charter deals

US LNG player New Fortress Energy is in advanced talks to charter two more floating and regasification units, according to its management.