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Petrobras starts leasing process for the liquefied natural gas (LNG) regasification terminal in Bahia

Written by Kelly
Published 03/08/2020 às 11:10
petrobras begins sale of LNG terminal in bahia
Petrobras LNG Terminal in Bahia/ Image: Disclosure

Petrobras publishes an invitation to bid for a liquefied natural gas (LNG) regasification terminal in Bahia and has ten companies in the dispute

Following Petrobras' divestment policy, which provides for the exit of the state-owned company from several segments of the gas market, the company informed this Monday (03), in a note, that it has started the bidding process for the lease of its liquefied natural gas (LNG) regasification terminal in Bahia.

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The bidding will follow the acts and rites provided for in the Law of State Companies, Petrobras said. The measure also includes equipment for the generation and supply of electricity located at the Madre de Deus Waterway Terminal.

The leasing process for the LNG Terminal in Bahia was started at the end of last year by Petrobras and the initiative is in accordance with the Cessation Commitment Term for the natural gas market signed with the Administrative Council for Economic Defense (CADE).

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Petrobras prequalified ten companies for the lease of the LNG terminal in Salvador, Bahia. Oil companies, gas distributors and traders and LNG companies are in the dispute.

Companies qualified by Petrobras:

  • 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

About the LNG Terminal in Bahia

The terminal in Bahia (TR-BA), an island-type pier with all facilities for berthing and mooring a FSRU vessel (Floating Storage and Regasification Unit), has an associated gas pipeline with 45 kilometers of extension.

The TR-BA has a maximum regasification flow of 20 million cubic meters per day. The LNG transfer is made directly between the FSRU and the supplier in a side by side configuration.

Transaction takes place amid discussions in Congress for approval of the New Gas Law

The New Gas Law (PL 6.407/2013) establishes the authorization regime for new gas pipelines, offering greater freedom to investors, reduces the cost of cooking gas, benefiting the entire population, among other changes. With the departure of Petrobras as the sector's dominant operator, the project aims to stimulate competitiveness.

The new natural gas framework should attract around BRL 60 billion in investments to Brazil and has the capacity to generate 4 million jobs, with 15 jobs in Espírito Santo alone.

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Kelly

Petroleum Engineer specialist in Energy Efficiency and postgraduate in Civil Engineering; She has experience working in the onshore oil industry. Get in touch for story suggestions, post job openings or advertising proposals on our portal.

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