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Petrobras Transferred, on Saturday (December 4), the Operation of the Bahia LNG Regasification Terminal to Excelerate, and the Brazilian Oil Company’s Regasification Vessel Will Be Directed to the Pecém Terminal in Ceará

Written by Flavia Marinho
Published on 06/12/2021 at 13:35
Bahia - ceará - Petrobras - gás - terminal - navio
terminal de regaseificação da Bahia
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With the Change, Petrobras’ Regasification Ship in Bahia Will Be Redirected to the Pecém Terminal in Ceará

Petrobras informed the market in a relevant fact that it transferred, last Saturday (12/4), the operation of the Liquefied Natural Gas Regasification Terminal in Bahia (TR-BA) to Excelerate Energy Natural Gas Trading, the winner of the bidding for leasing the asset.

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The signing of the Receipt Term provided for in the contract was carried out after the operation was approved by the Administrative Council for Economic Defense (Cade).

With Petrobras’ support, Excelerate obtained the necessary licenses and authorizations, also fulfilling the existing conditions precedent in the lease contract for the terminal’s operation. The regasification ship is already positioned at the TR-BA and, with the transfer of the operation, Excelerate has the possibility to make natural gas available to the market.

The initiative was provided for in the Commitment Term signed with Cade to create a favorable environment for the entry of new investors in the sector.

The docking of the Excelerate ship will also allow for the transfer of the Golar Winter regasification ship, serving Petrobras, to the Pecém LNG regasification terminal located in Ceará, making it capable of operating the three terminals connected to the country’s integrated natural gas transport network (Baía de Guanabara, Pecém and Bahia).

Milestones in the Opening of the Gas Market in Brazil and Petrobras

The world is undergoing a profound transformation process – impacting all sectors of society and the economy. With Petrobras, it is no different: the state-owned company is undergoing major changes that converge toward an increasingly open and competitive energy market. In this movement, its business strategies reflect this adaptation and transformation effort.

To ensure the future and continue investing, the oil company needs to be a financially healthy, stronger, more efficient, and more competitive company. The Brazilian oil company aims to be a high-performance company focused on oil and gas, aligned with the commitment to generate more value and direct resources, with an emphasis on Exploration and Production activities in deep and ultra-deep waters.

Regarding the natural gas market, the strategy is to act competitively in the marketing of its own gas and to optimize the thermoelectric portfolio focusing on self-consumption.

Understand What the New Gas Market Is

With the New Gas Law, which establishes a regulatory framework for the natural gas sector, Brazil is facing a great opportunity to boost the energy segment. The ongoing changes to open the gas market reconcile the interests of society and the various agents in the value chain, in addition to consolidating efforts to create an institutional model aligned with the best international practices.

Petrobras’ strategy is focused on acting competitively in the marketing of its own gas and optimizing the thermoelectric portfolio, with a focus on self-consumption.

With these actions, the company seeks to reconcile the interests of society, consolidating efforts to create a model aligned with the best international practices in which we promote the development of an open, competitive, and sustainable gas market in Brazil.

The process of opening the Brazilian natural gas market has been accelerating in recent years.

Flavia Marinho

Flavia Marinho é Engenheira pós-graduada, com vasta experiência na indústria de construção naval onshore e offshore. Nos últimos anos, tem se dedicado a escrever artigos para sites de notícias nas áreas militar, segurança, indústria, petróleo e gás, energia, construção naval, geopolítica, empregos e cursos. Entre em contato com flaviacamil@gmail.com ou WhatsApp +55 21 973996379 para correções, sugestão de pauta, divulgação de vagas de emprego ou proposta de publicidade em nosso portal.

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