Page 11 - GLNG Week 43 2022

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OnCorp to build LNG import

terminal in north-eastern Brazil

TERMINALS ONCORP, a private Brazilian company, has been quickly at an onshore site. They have also specu-
named as the winner of a tender for a contract lated that the facility might eventually become a
to build an LNG import terminal at the port of hub for LNG imports into north-eastern Brazil.
Suape in Pernambuco State. Copergas, the gas distribution company owned
The Pernambuco state government by the state government, has said it wants to
announced last week that OnCorp’s bid had won market the gas delivered via the new terminal to
out over four competing offers. It did not reveal customers in north-eastern states.
all the terms of the company’s proposal, but Currently, OnCorp is only equipped to supply
Argus Media noted that the value of the contract fuel to Copergas. It has agreed to link its terminal
has been estimated at BRL220mn ($41.46mn). to that company’s pipeline network to facilitate
It also said that the company had agreed to pay shipments of gas supplied by Shell (UK) under
the state administration BRL6.3mn ($1.19mn) an agreement signed in 2020. But that agreement
for the right to lease pier facilities in Suape for a leaves the terminal with spare capacity, as Coper-
period of 48 months. gas is slated to receive just 750,000 cubic metres
As the winner of the tender, OnCorp will be per day of gas from Shell in 2023 and 1 mcm per
expected to establish a regasification terminal day of gas in 2024.
capable of handling the equivalent of 4-9mn OnCorp will eventually gain the ability to
cubic metres per day of LNG. The terminal will serve other customers, however. It is looking
consist of a floating storage and regasification to establish a connection to another pipeline
unit (FSRU), and the Brazilian company revealed network – Transportadora Associada de Gas
in its proposal last year that it had already signed (TAG), a 4,500-km transport system formerly
a leasing contract for such a vessel, Argus Media controlled by the national oil company (NOC)
stated. Petrobras and now owned by France’s Engie.
Pernambuco authorities have said they want This link would give access to a much wider
the FSRU to be installed at an existing mixed-use range of customers.™
pier in the port of Suape rather than anchored
offshore, as the terminal can be built more

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