Page 10 - LatAmOil Week 05 2022

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President Bolsonaro (left of centre) at launch ceremony (Photo: Gov.br)

The cost of building the power plant is likely to The joint venture also hopes to expand the
reach $1.12bn, according to Siemens Energy, a hub to include onshore gas pipelines and a
US-German division of the German conglom- gas-processing unit. It has said it intends to
erate Siemens, which is a member of the BNA invest about $5bn in the gas and power complex.
consortium. Siemens has formed a consortium The Açu Gas Hub is near producing gas fields
with Andrade Gutierrez, a Brazilian holding, to in Brazil’s offshore zone and will be able to ben-
build the GNA-II TPP under a $1.1bn contract. efit from plans for the construction of a 500-kV
The German company will be responsible for transmission line in the region. It is also capable
delivering one steam turbine, three HL-class of importing up to 28mn cubic metres per day
gas turbines, three heat-recovery steam genera- of LNG via a floating storage and regasification
tors and four electric generators, while Andrade unit (FSRU) known as the BW Magna, which
Gutierrez will provide services related to civil received its first LNG cargo from BP in late 2020.
works, installation and infrastructure. GNA’s founding members are Siemens (Ger-
Brazil’s national electricity regulator ANEEL many), BP (UK) and Prumo, a private Brazilian
authorised GNA to start commercial operations entity controlled by EIG Global Energy Partners
at its first TPP, known as GNA-I, last year. The (US). Siemens has agreed to build the TPPs,
joint venture commissioned that plant, which while Prumo operates the BW Magna FSRU. BP,
has an installed capacity of 1,338 MW, last Octo- for its part, is supplying the terminal with LNG.
ber. The facility, which was built at a cost of $1bn, The joint venture also includes China’s State
is capable of generating enough electricity for Power Investment Corp. (SPIC), which com-
6mn households. pleted its acquisition of a stake in GNA early last
GNA aims to build two more 1,672-MW year. The joint venture said at the time that the
plants, GNA-III and GNA-IV, at the Açu Gas Chinese company had acquired a 33% stake in
Hub complex. These TPPs will increase the the GNA-I and GNA-II TPPs, as well as the Açu
complex’s generating capacity by more than 3.3 Gas Hub. It also noted that SPIC had finalised
GW, bringing its total installed capacity up to an agreement that would allow it to participate
6.354 GW and making it the biggest facility of in the future expansion of the complex via the
its kind in Latin America. construction of GNA-III and GNA-IV. ™

Petrobras board approves

sale of Potiguar Cluster to 3R

BRAZIL’S national oil company (NOC) Petro- associated infrastructure. The NOC has not yet
bras said last week that its board of directors had signed a sale and purchase agreement (SPA) for
approved plans for the sale of package of assets the assets but has said it will inform the market
known as the Potiguar Cluster to 3R Petroleum once it does so.
Oleo e Gas, an independent local firm backed by 3R has agreed to pay $1.38bn for the refinery
Starboard Restructuring Partners. and fields, Petrobras noted in its statement. It
In a statement, Petrobras noted that the will pay $110mn of the total on the day it signs
board had authorised the sale of 100% of equity the SPA, another $1.04bn when it closes the
in the cluster, which includes a small oil refin- transaction and the remaining $235mn in four
ery and 22 crude oil and natural gas-bearing annual instalments of $58.75mn each, the first of
fields in Rio Grande do Norte State, along with which will be due on March 24.

P10 www. NEWSBASE .com Week 05 03•February•2022