Golar Power is competing to buy a liquefied natural gas (LNG) regasification terminal in Bahia, offered for sale by Petrobras

Petrobras announced last night (28/09) in a material fact that the Golar energy group may have to stay out of the dispute for a liquefied natural gas (LNG) regasification terminal in Bahia, offered for sale by the state-owned company. Aker signs a millionaire 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 or not the company can do business with the state-owned company, including participating 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 in progress. This analysis is carried out regularly with all the company's suppliers and assigns different Integrity Risk Degrees (GRI). Any change in the perception of integrity risk to which Petrobras may be exposed when relating to the companies of the Golar Power Group will be communicated in a timely manner to its Legal Representatives.” Petrobras said in a note.

In the case of the bidding process for leasing the Regasification Terminal in Bahia, the public notice prevents the participation of any company or consortium with a high GRI.

The document also provides that all parties interested in initiating and maintaining a relationship with Petrobras will be subject to appropriate measures in accordance with the Petrobras Corruption Prevention Program (PPPC).

In view of the facts revealed by Operation Lava Jato, the state-owned company also asked BR Distribuidora for clarification, which entered into a partnership with Golar Power to become partners. It should be noted that Petrobras is not the controlling shareholder of BR Distribuidora.

Petrobras had already pre-qualified ten companies for the dispute, including a subsidiary of the Golar group, Golar Power Latam Serviços Marítimos Ltda.

• Golar Power Latam Serviços Marítimos Ltda
• Gas Natural do Brasil SA
• Bahia Gas Company (Bahiagás)
• Repsol LNG Holding SA
• BP Energy do Brasil Ltda.
• Compass Gas and Energy (Cosan)
• Total Gas & Electricity of Brazil Ltda
• Shell Brasil Petróleo Ltda
• Excelerate Energy LP
• BG do Brasil Ltda