For $102 Million, Petrobras Signs Contract for Leasing LNG Terminal in Bahia

Written by Roberta Souza

Published on 30/09/2021 at 15:29

Terminal de Regaseificação de GNL/ Fonte: Bahia de Valor

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Petrobras Explains That the GNL Terminal Lease Contract in Bahia State Is Valid Until December 2023

Last Tuesday (28/09), Petrobras signed a lease contract with Excelerate for the Regasification Terminal of GNL in Bahia (TR-BA) and associated facilities, totaling approximately R$ 102 million. Petrobras explains that the lease contract for the GNL terminal in Bahia state is valid until December 2023, “in addition to other associated accessory contracts.” Also read this news: For R$ 95 million, Petrobras Sells 3 Thermoelectric Plants in Camaçari, Bahia

The Lease of the GNL Terminal in Bahia

Following the conclusion of the negotiation, Excelerate is seeking, with Petrobras’ support, the transfer of the necessary licenses and authorizations for the operation of a new regasification vessel at the terminal located in Bahia state, according to Petrobras. “As soon as the new company is ready to operate, Petrobras will relocate its regasification vessel currently at TR-BA to the GNL Regasification Terminal in Pecém, Ceará,” the state-owned company states.

Previously, to help Brazil deal with the hydropower crisis, Petrobras moved its regasification vessel from the Pecém terminal to the Bahia terminal, in a move that allowed for a greater supply of thermal electricity.

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The state-owned company has already concluded the non-binding phase initiated in July. According to Petrobras, potential buyers of the company located in the Camaçari Hub, Bahia, qualified for this phase will receive an invitation letter with instructions on the divestment process, including guidelines for conducting due diligence and submitting binding proposals.

Deten produces and sells key raw materials for the production of biodegradable liquid and powder detergents. According to Petrobras, the company located in the Camaçari Hub, Bahia, is the only national producer of Linear Alkylbenzene (LAB), a precursor to Linear Alkylbenzene Sulfonic Acid (LABSA), of which it is also a manufacturer and that acts as an active component of household dishwashing detergent. The company also produces Heavy Alkylate (ALP), used in lubricating additives and textile oil.

For $102 Million, Petrobras Signs Contract for Leasing LNG Terminal in Bahia

Petrobras Explains That the GNL Terminal Lease Contract in Bahia State Is Valid Until December 2023

The Lease of the GNL Terminal in Bahia

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For $102 Million, Petrobras Signs Contract for Leasing LNG Terminal in Bahia

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