Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

NFE nears launch of Barcarena FSRU terminal in Brazil

US LNG player New Fortress Energy is working to launch its Barcarena FSRU-based facility in Brazil by the end of this year.

The company said in August it completed the 3 mtpa Barcarena terminal worth about $700 million and the firm plans to ship first gas supplies to Norsk Hydro at the end of this year.

Besides an FSRU, the terminal located at the mouth of the Amazon River in Para includes a jetty, a three kilometers long pipeline, and a gas conditioning station that will initially serve Norsk Hydro.

In December 2021, NFE and Norsk Hydro finalized a 15-year deal to supply regasified LNG to the Alunorte alumina refinery in Brazil.

NFE is also also building the 605 MW Barcarena power plant and this facility will also receive regasified LNG from the Barcarena terminal and deliver power under 25-year power purchase agreements linked to JKM.

The Wes Edens-led firm said in a statement on Tuesday it has executed definitive agreements with the Brazilian development bank, BNDES, and funds managed by Lumina Capital Management and BTG Asset Management to fund up to $575 million in asset-based financing.

NFE said it will use these financings to complete construction of the Barcarena power plant, which is about 37 percent completed pursuant to a fixed-price, date-certain EPC contract with Mitsubishi and Toyo Setal.

The power plant, located adjacent to NFE’s LNG import terminal, is “on schedule” to start operations in the third quarter of 2025 under a 25-year PPA with several electricity distribution companies in Brazil, it said.

Energos Celsius

According to NFE, the planned conversion of the Energos Celsius from an LNG carrier to a floating storage and regasification unit (FSRU) “remains on schedule” for November completion, before delivery and first gas to customers at the Barcarena import terminal beginning at year end 2023.

NFE chartered Energos Celsius from Energos Infrastructure on a long-term basis.

Its AIS data provided by VesselsValue shows that the 2013-built 160,000-cbm, Energos Celsius, previously known as Golar Celsius, was on Tuesday located at the Seatrium yard in Singapore.

NFE sold this LNG carrier and ten other vessels last year to a joint venture it formed with compatriot asset manager Apollo.

Apollo owns 80 percent in Energos Infrastructure and NFE holds the rest.

CoolCo is managing this vessel.

Besides the Barcarena facility, NFE said this week that its LNG import terminal in Santa Catarina, Brazil will start commercial operations in January 2024.

NFE has executed a definitive deal to charter the 138,250-cbm FSRU Energos Winter from Brazil’s state-owned energy firm Petrobras starting in December 2023.

This FSRU, also owned by Energos Infrastructure, will serve the Santa Catarina terminal.

Most Popular

AGDC inks framework deal with energy firm to develop Alaska LNG project

This was revealed by AGDC president Frank Richards during a press conference with Alaska Governor Mike Dunleavy on Monday...

Venture Global sends second Plaquemines LNG cargo

Venture Global’s 174,000-cbm newbuild carrier, Venture Gator, left the company’s second facility in Port Sulphur on Sunday and was...

NextDecade gets $175 million loan for Rio Grande LNG

NextDecade's unit Rio Grande LNG Super has entered into a credit agreement with General Atlantic Credit's Atlantic Park Fund...

More News Like This

NFE says Andrew Dete will no longer serve as president

Dete, who along with Leandro Cunha and Jeremy Dawson has been jointly responsible for NFE's business in Brazil (Hygo),...

Brazil’s Eneva launches small liquefaction plant

According to a statement by Eneva on December 17, the small liquefaction unit started commercial operations following commissioning and...

New Fortress completes second step of $2.7 billion bond issue

NFE announced on Monday the completion of the private exchange of $1.5 billion new senior secured notes for more...

Egypt’s EGAS inks FSRU charter deal with NFE

The Egyptian Natural Gas Holding Company said in a social media post that the deal was signed on Thursday. This...