Petrobras transfers Bahia LNG ops to Excelerate Energy

Brazil’s state-owned energy firm Petrobras said it has transferred operations of the Bahia LNG terminal to Texas-based floating LNG player Excelerate Energy.

The two firms signed a lease deal worth about $18.7 million for the Bahia LNG terminal in September.

Petrobras said in a statement it officially handed over the facility to Excelerate on December 4 following an approval by the Administrative Council for Economic Defense (CADE).

“Petrobras supported Excelerate in obtaining the necessary licenses and authorizations, also complying with the precedent conditions in the lease agreement for the operation of the terminal,” it said.

Excelerate’s regasification vessel has already docked at the Bahia offshore facility, according to Petrobras.

The berthing of Excelerate’s ship would also allow the transfer of the converted 125,000-cbm FSRU Golar Winter, to sail to the Pecem LNG regasification terminal, located in Ceara, it said.

“The three LNG regasification terminals are connected to the country’s integrated natural gas transportation network (Guanabara Bay, Pecem, and Bahia) and are ready to operate,” Petrobras said.

The firm did not reveal which Excelerate vessel would serve the Bahia facility.

According to its AIS data, the 2020-built, 173,400-cbm Excelerate Sequoia is located at the facility. The FSRU previously picked up a cargo at Qatar’s giant Ras Laffan complex, the data shows.

The Bahia terminal’s capacity allows for regasification of up to 700 MMcf/d and includes a 45 km pipeline with connections to two delivery points in the city of Salvador.

Excelerate has provided regasification services in Brazil since 2012, operating at the three Petrobras’ LNG terminals.

Most Popular

Wison scores Suriname FLNG gig

China’s Wison New Energies has signed a detailed feasibility study deal for a newbuild floating liquefied natural gas (FLNG) facility in Suriname's offshore Block 52.

Eni: third phase of YPF’s Argentina LNG project requires $20 billion investment

The third phase of YPF's Argentina LNG export project would require an investment of about $20 billion, according to Eni’s COO of global natural resources, Guido Brusco.

Atlantic LNG shipping rates jump this week

Atlantic LNG freight shipping rates jumped this week, while European prices decreased compared to last week.

More News Like This

Second Wilhelmshaven FSRU arrives at jetty

Germany's Wilhelmshaven now hosts two floating storage and regasification units. Excelerate’s 138,000-cbm FSRU Excelsior has docked at a new jetty, two kilometers south of the already operational Wilhelmshaven 1 terminal, to start serving the second FSRU-based terminal.

Excelerate’s FSRU arrives in Germany

Excelerate’s 138,000-cbm FSRU Excelsior has finally arrived in Germany, where it will start serving DET's second LNG import terminal in Wilhelmshaven.

Excelerate boosts senior notes offering to $800 million

US FSRU player Excelerate Energy has upsized its previously announced offering of unsecured senior notes due 2030.

Excelerate in $700 million senior notes offering

US FSRU player Excelerate Energy aims to raise about $700 million via an offering of unsecured senior notes due 2030.