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Golar Power Is Competing to Buy A LNG Terminal from Petrobras in The State of Bahia
The liquefied natural gas and energy company Golar Power is competing to buy a liquefied natural gas (LNG) terminal from Petrobras in the state of Bahia in the northeastern region, according to the company’s CEO who stated on Thursday (27).
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Previously, Golar Power also announced in March the signing of a memorandum of understanding with the government of Pernambuco to invest BRL 1.8 billion in an LNG terminal in Suape.
Golar Power Is Investing in A Series of Projects in Brazil Betting on The Use of LNG
Liquefied natural gas (LNG), which in liquid form does not require pipeline transport, could become a substitute for diesel in Brazil, among other applications. Twelve companies, including the Brazilian branches of major oil companies Shell, Total, and BP, are competing in the bidding process in Bahia organized by Petrobras, as the Brazilian state oil company is known.
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The terminal, an island-type pier, has the capacity to process 20 million cubic meters of LNG per day and is being leased with a 45-kilometer pipeline.
Finally, Golar reported that the imported LNG will have potential markets serving free gas consumers, such as large companies, and the state natural gas distributor in Bahia, in addition to thermoelectric projects and other gas distributors connected to the pipeline network at the Suape terminal.
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