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Golar Power Is Competing to Buy a Liquefied Natural Gas (LNG) Regasification Terminal in Bahia, Put Up for Sale by Petrobras
Petrobras announced last night (09/28) in a material fact that the energy group Golar might have to stay out of the bidding for a liquefied natural gas (LNG) regasification terminal in Bahia, put up for sale by the state-owned company. Aker Closes Million-Dollar Contract with Equinor and Will Manufacture ANMs in Brazil for the Development of the Oil Field in the North Sea
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Petrobras is reassessing Golar Power’s risk rating to determine whether the company can do business with the state-owned company, including participation in the bidding process for the regasification terminal in Bahia.
“Due to the facts revealed in the 75th phase of Operation Lava Jato related to the Golar Power Group, Petrobras informs that a review of the Integrity Analysis of this supplier is underway. This analysis is regularly conducted with all the company’s suppliers and assigns different Grades of Integrity Risk (GRI). Any change in the perception of integrity risk that Petrobras may be exposed to when dealing with the companies of the Golar Power Group will be promptly communicated to its Legal Representatives,” said Petrobras in a statement.
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In the case of the bidding process for leasing the Bahia Regasification Terminal, the tender prohibits the participation of any company or consortium with a high GRI.
The document also states that all interested parties in starting and maintaining a relationship with Petrobras will be subject to appropriate due diligence in accordance with the Petrobras Corruption Prevention Program (PPPC).
In light of the facts revealed by Operation Lava Jato, the state-owned company also requested clarifications from BR Distribuidora, which partnered with Golar Power to become co-owners. It is worth noting that Petrobras is not the controlling shareholder of BR Distribuidora.
Petrobras Had Already Pre-Qualified Ten Companies for the Bidding, Including a Subsidiary of the Golar Group, Golar Power Latam Serviços Marítimos Ltda.
- Golar Power Latam Serviços Marítimos Ltda
- Gás Natural do Brasil S.A.
- Companhia de Gás da Bahia (Bahiagás)
- Repsol LNG Holding S.A.
- BP Energy do Brasil Ltda.
- Compass Gás e Energia (Cosan)
- Total Gás & Eletricidade do Brasil Ltda
- Shell Brasil Petróleo Ltda
- Excelerate Energy L.P
- BG do Brasil Ltda
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