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.

- Advertisements -

Most Popular

QatarEnergy picks shipowners for 18 giant LNG carriers

LNG giant QatarEnergy has selected shipowners to own and operate 18 Q-Max LNG carriers as part of its massive...

Canada’s FortisBC, Seaspan win provincial approval for Tilbury LNG jetty

Canadian utility and operator of the Tilbury LNG facility in the province of British Columbia, FortisBC, and its partner...

VTTI, IKAV to take majority stake in Italy’s Adriatic LNG terminal

Rotterdam-based storage terminal owner VTTI, co-owned by Vitol, IFM, and Adnoc, joined forces with German asset manager IKAV to...

More News Like This

WaveCrest plans capacity auctions for UK regasification project

Macquarie Capital's WaveCrest Energy kicked off a market consultation process for its proposed Teesside regasification project in the UK...

Bangladesh approves long-term LNG supply deal with Summit

Bangladesh has approved a long-term liquefied natural gas (LNG) supply deal with Summit Oil and Shipping, a part of...

Excelerate reports higher net income in 2023

US FSRU player Excelerate Energy reported higher net income and adjusted Ebitda in 2023 mainly due to new charters...

QatarEnergy, Excelerate ink long-term deal to supply LNG to Bangladesh

State-owned LNG giant QatarEnergy has signed a long-term contract with US FSRU player Excelerate Energy to supply Bangladesh with...