Petrobras on the Lease of the Bahia LNG Terminal

Source: www.gulfoilandgas.com 12/6/2021, Location: South America

Petrobras, following up on the release disclosed on 09/28/21, informs that it has signed the Instrument of Acceptance provided for in the contract and transferred, this Saturday (12/04), the operation of the Bahia Liquefied Natural Gas Regasification Terminal (TR-BA) to Excelerate Energy Comercializadora de Gás Natural (Excelerate).

The agreement was signed after the Administrative Council for Economic Defense (CADE) approved the operation. 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. Excelerate's regasification vessel is positioned at the TR-BA, and with the transfer of the operation, Excelerate is able to make natural gas available to the market.

The berthing of Excelerate's ship will also allow the transfer of the Golar Winter regasifier ship, working for Petrobras, to the Pecém LNG regasification terminal, located in Ceará. The three LNG regasification terminals are connected to the country's integrated natural gas transportation network (Guanabara Bay, Pecém, and Bahia) and are ready to operate.

The leasing process of TR-BA and associated facilities represents an important step towards the process of opening and increasing competitiveness of the natural gas segment in Brazil, following the rites of Federal Law 13,303/2016 (Law of State Companies).


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