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Eneva launches LNG storage service for outsourced customers in Sergipe.

Written by Paulo S. Nogueira
Published 14/11/2023 às 14:09
Marketing, Eneva, Liquefied Natural Gas (LNG), Lino Cançado, Port of Sergipe I, Qatar Energy, Sergipe
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In the third quarter, the company carried out the first operation of its kind for Qatar Energy.

The company Eneva recently announced the start of operations of a new storage service for liquefied natural gas (LNG) for third parties at the regasification terminal of Sergipe. This milestone represents a significant advance in the company's operations.

In the third quarter, Eneva carried out the first operation of its kind on the Hub Sergipe regasifier vessel, providing services for the Qatar Energy. The latter is one of the partners of Ocean LNG, a j with ExxonMobil, which has a long-term contract to supply LNG to the Porto de Sergipe thermoelectric plant.

According to the contract in question, 152 thousand cubic meters of LNG are expected to be stored for a period of up to six months, ending in March 2024.

The president of Eneva, Lino Cançado, clarified that the company makes the idle capacity of the regasification vessel available in the contract, and the Qatar Energy, acting as a trader of LNG, uses the service to take advantage of arbitrage opportunities in the market, purchasing cargo at low times to resell them later in higher price scenarios. The explanation was given this Tuesday, November 14th.

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Cançado highlighted during a conference call with analysts and investors, about the company's results in the third quarter, that this is a fundamental moment for Eneva, marking the beginning of the development of new services commercialization of gas in the gas pipeline network.

terminal LNG de Sergipe intended to be connected to the network TAG in 2024

It is estimated that the terminal LNG de Sergipe will be connected to the network Associated Gas Carrier (TAG) and, consequently, the integrated network by 2024.

It was mentioned that the contract with the Qatar Energy includes the possibility of purchasing gas stored by eneva, and that the Brazilian company is in negotiations with the Qatari oil company and other possible suppliers to guarantee supply alternatives, aiming to compose its gas trading company's portfolio for next year.

Gas release is a process that can significantly impact the natural gas industry, forcing the Petrobras to open the market for competitors. This movement could have major consequences for the economy and the energy sector as a whole.

Source: EPBR Agency

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Paulo S. Nogueira

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