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The Brazilian Market Is Increasingly Focused on Energy Transition and Sustainability Solutions, and Now, Eneva Invests in the Natural Gas Sector by Creating New Hubs to Market the Product as an Alternative to Fuel Oil.
The scenario in Brazil for this Wednesday, (07/27), shows strong movement from energy companies and industrial firms toward adopting cleaner and more sustainable energy sources. Thus, Eneva is creating new production and marketing hubs for natural gas, focusing on the energy transition market so that gas serves as an alternative to fuel oil, contributing to the environment.
Eneva’s New Natural Gas Hubs Aim to Energize the Industrial Sector by Replacing Fuel Oil with a Cleaner and More Sustainable Resource
Eneva is now focusing on the Brazilian energy transition market and developing new production and marketing hubs for natural gas to energize the national energy and industrial segment. Accordingly, the company is also investing in the purchase of thermal energy and during the next auction in September, it will contract 2 GW of the 8 GW thermoelectric power plants required by law, according to the Eletrobras Law (Law 14.182/2021).
The financial director of Eneva, Marcelo Habibe, emphasized that this is an essential movement for the natural gas market and energy transition. Should the company meet the target in the bidding, it could develop one of the new hubs in the northern region of the country, after monetizing natural gas from the Azulão reserves (AM), in the Amazonas/Solimões basin. This field has already begun its monetization in the natural gas market during the month of April this year, with operations at the Jaguatirica II thermal plant, located in Roraima.
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With the Azulão field, the Juruá field becomes one of the two assets that would allow Eneva to offer 4 million m³ per day (m³/day) of natural gas in the region. As a result, Eneva’s new hubs for production of the product are starting to take shape, and the company intends to invest in the energy market focusing on replacing fuel oil with natural gas. Thus, the company stated that it will invest in upcoming auctions and aims to meet the demand that is currently directed toward using this type of fuel.
Company Invests in Selling Natural Gas to Large Consumers to Replace Fuel Oil with the Product in One of Its New Commodity Hubs
In addition to implementing natural gas hubs in the Azulão and Juruá fields with new thermal plants for energy production, Eneva now aims to focus on selling natural gas to large industrial consumers. The company’s focus is on the Manaus Free Trade Zone. For consumers interested in replacing fuel oil in their respective production processes with gas, “cleaner and cheaper.”
This will thus be the next of the company’s natural gas hubs, alongside the Parnaíba (MA). With a production capacity of 9 million m³ per day, of which 8 million supply the Parnaíba Thermoelectric Complex, which has six thermal plants.
Eneva has already been investing in supplying natural gas to the industrial market and signed an agreement in May of this year to supply fuel to Suzano’s facilities in Imperatriz (MA), with a total investment of R$ 530 million for the start of supply in 2024.
Additionally, the company has expanded its natural gas hubs in the Northeast, with the purchase of Termofortaleza (which belonged to Enel) and Porto do Sergipe from New Fortress Energy with eBrasil, and now intends to focus on the fuel marketing market for these companies.
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