Petrobras Initiates Leasing Process for Liquefied Natural Gas (LNG) Regasification Terminal in Bahia

Petrobras Publishes Bid Notice for Liquefied Natural Gas (LNG) Regasification Terminal in Bahia and Counts on Ten Companies Competing

Following Petrobras’ disinvestment policy, which aims to exit several segments of the gas market, the company announced this Monday (03), in a statement, that it has initiated the bidding process for leasing its liquefied natural gas (LNG) regasification terminal in Bahia.

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

The lease process for the LNG terminal in Bahia was initiated at the end of last year by Petrobras, and the initiative is in accordance with the Commitment Agreement for the natural gas market signed with the Administrative Council for Economic Defense (CADE).

Petrobras pre-qualified ten companies for the leasing of the LNG terminal in Salvador, Bahia. Competing are oil companies, distributors, gas traders, and LNG companies.

The Companies Qualified by Petrobras:

• 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

About the LNG Terminal in Bahia

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

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

Transactions Occur 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, reducing the cost of cooking gas, benefiting the entire population, among other changes. With Petrobras’ exit as the dominant operator in the sector, the project aims to stimulate competitiveness.

The new natural gas framework is expected to attract around R$ 60 billion in investments for Brazil and has the capacity to generate 4 million jobs, including 15,000 jobs in Espírito Santo alone.