Page 19 - LatAmOil Week 27

LatAmOil NEWS IN BRIEF LatAmOil

CEO and Chairman Wes Edens remarked: “Our
flexibility to opportunistically purchase LNG
at market prices completes our transition from
a development company to an operating com-
pany that we expect will generate significant
operating margin and cash flow. We continue to
advance a number of compelling new business
opportunities and expect significant growth in
2020 and beyond. In spite of the current COVID
conditions, we have a very robust pipeline of
additional projects. Our current goal is to bring
online another four to eight projects in 2021 of
similar size and scale. We look forward to bring-
ing more affordable and cleaner natural gas and
power to our customers this year.”
New Fortress Energy, July 06 2020

Golar Power partners with
Galileo and introduces

Bio-LNG in Brazil partnership with BR Distribuidora is expected place in July.

Golar Power announces today that it has signed to place us in a unique position to reliably serve Petrobras, July 08 2020
an agreement with Galileo Technologies for customers throughout Brazil. The economics of
the provision of LNG liquefaction solutions to this business are solid and represent a unique
support the development of its small-scale LNG showcase for what could be replicated world- INVESTMENT
distribution initiatives. The agreement between wide. With increasing focus on CO2 emissions
the two companies includes the introduction of a and carbon taxes, the opportunity to produce Petrobras begins binding
new clean fuel source through the production of and distribute Bio Methane from landfills has
Biomethane Liquefied Natural Gas (Bio-LNG). the potential to be a significant global growth phase of NTS stake sale
The initial order involves the provision of two market in the years to come.”
LNG production clusters. The first cluster con- Golar Power, July 06 2020 Petrobras, following up on the press release dis-
templates two LNG production units capable closed on May 15, 2020, announces the begin-
of producing 30 tonnes per day of LNG from a ning of the binding phase regarding the sale of its
mature gas field in the Brazilian state of Bahia. DECOMMISSIONING 10% remaining stake in Nova Transportadora do
The second cluster will be installed in the state Sudeste (NTS). Potential buyers qualified for this
of Sao Paulo, where it will capture and liquefy Petrobras announces phase will receive a process letter with detailed
biomethane from landfills. This cluster will have instructions on the divestment process, includ-
an initial production capacity of up to 15 tonnes decommissioning plans ing guidelines for due diligence and the submis-
of Bio-LNG per day. Operations are expected to sion of binding proposals.
start in 2020. Petrobras has announced that, after approval NTS is a company that operates in the natu-
Golar Power is tapping new biomethane by the National Agency for Petroleum, Natural ral gas transportation sector, currently holding
sources to increase the share of local LNG pro- Gas and Biofuels (ANP), the Brazilian Institute long-term authorisations to operate and manage
duction and to accelerate the energy transition for the Environment and Renewable Natural a pipeline system of about 2,000 km and with
toward a cleaner energy chain with a lower car- Resources (IBAMA) and the Navy, it started capacity to transport 158.2mn cubic metres per
bon footprint. It also continues to innovate with decommissioning the P-12 platform in the Cam- day of natural gas.
the development of proprietary technologies pos Basin. Decommissioning of P-07 and P-15 in The NTS pipelines are located in the states
for LNG truck loading stations as well as LNG the Campos Basin and of FPSO Piranema in the of Rio de Janeiro, Minas Gerais and São Paulo
filling solutions using Ship-to-ISO-containers, Sergipe-Alagoas Basin are also planned for 2020. (responsible for 50% of natural gas consumption
that once distributed through the road network, According to the company’s strategic plan in Brazil) and are connected to the Brasil-Bolivia
will deliver LNG to feed power stations, natural for 2020-2024, 18 production platforms will be pipeline, to the TAG transportation network, to
gas distribution companies, industries, as well as decommissioned by 2024. the Baía de Guanabara LNG regasification ter-
light and heavy vehicles. The decommissioning of the platforms will minal and to the processing plants of natural gas
Eduardo Antonello, Golar Power CEO, com- be carried out in accordance with the best global produced in the Campos Basin and in the Santos
mented: “The agreement with Galileo further practices. In partnership with other companies Basin pre-salt.
expands Golar Power’s participation in the LNG and with the scientific community, methodolo- The other partners of NTS are the Nova
chain. It is also a first step toward the devel- gies that allow the identification of the alternative Infraestrutura Fundo de Investimentos em
opment of new domestic LNG sources in the that best balances safety, environment, technical, Participações, an investment fund managed by
Brazilian market. The combination of our stra- social and economic aspects were developed. Brookfield Brasil Asset Management Investi-
tegically located import and regasification termi- The P-07, P-12 and P-15 platforms will be mentos, with 82.35% and Itaúsa with 7.65%.
nals and extensive distribution network via the offered at a public auction scheduled to take Petrobras, July 03 2020

Week 27 09•July•2020 www. NEWSBASE .com P19