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

Venture Global’s Plaquemines LNG to commission fourth tank

US LNG exporter Venture Global LNG has received approval from the US FERC to commission the fourth storage tank with LNG at its Plaquemines plant in Louisiana.

US FERC issues final SEIS for NextDecade’s Rio Grande LNG project

The US Federal Energy Regulatory Commission (FERC) has released a final supplemental environmental impact statement for NextDecade's Rio Grande LNG facility and the accompanying pipeline in Texas. FERC continues to conclude that approval of the projects would result in "less than significant impacts."

Worley gets full notice to proceed on first phase of CP2 LNG project

Australian engineering firm Worley has received a full notice to proceed from US LNG exporter Venture Global LNG under its reimbursable EPC contract for the first phase of the CP2 LNG project in Louisiana.

More News Like This

Excelerate raises 2025 guidance after Jamaica deal

US FSRU player Excelerate Energy raised its full-year 2025 adjusted Ebitda guidance range following the recent acquisition of New Fortress Energy's business in Jamaica.

Excelerate to install reliquefaction unit on Brazilian FSRU

US FSRU player Excelerate Energy has signed a deal with Brazil’s state-owned energy firm Petrobras to install a reliquefaction unit on the FSRU Experience, located in Brazil's Guanabara Bay.

Excelerate’s FSRU launched in South Korea

South Korean shipbuilder HD Hyundai Heavy Industries has launched Excelerate Energy’s new floating storage and regasification unit (FSRU).

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.