Page 8 - GLNG Week 39 2021

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Petrobras, Excelerate sign Bahia LNG lease

PROJECTS & BRAZIL’S national oil company (NOC) Petro- lease covers assets associated with Bahia LNG
COMPANIES bras said earlier this week that it had signed a – namely, a 45-km pipeline that runs from ter-
leasing contract for the Bahia LNG terminal with minal facilities in the port of Bahia to exit points
US-based Excelerate Energy. in São Francisco do Conde and São Sebastião do
In a statement, Petrobras estimated the value Passé, along with the power-generating facili-
of the deal at BRL102mn ($18.8mn). It also noted ties in the Madre de Deus Waterway Terminal
that the contract would remain in force until (TEMADRE).
December 2023, “in addition to other ancillary Excelerate and Petrobras reached agreement
contracts associated with the process.” on the terms of the leasing contract in August of
The NOC went on to say that it was now work- this year. The US-based company was the only
ing with Excelerate to transfer the licences and part to submit an offer for Bahia LNG, though
authorisations necessary for the deployment of a it had been one of nine parties pre-qualified to
floating storage and regasification unit (FSRU) at participate in the tender. Its first bid was disquali-
Bahia LNG. Once this milestone is reached, the fied in June, but the NOC later accepted a revised
statement said, Petrobras will be able to move the proposal.
Golar Winter, a 138,000 cubic metre FSRU that This was the second time that Petrobras has
is currently present at the terminal, to another tried to tender the Bahia LNG contract. The first
LNG import facility in Pecém, a port in Ceará attempt failed last year, when the state-owned
State. This will clear the way for Excelerate to company determined that none of the offers it
deploy one of its own FSRUs at Bahia. had received were valid, and the second bidding
According to previous reports, Excelerate’s contest was launched in February 2021.™

Cheniere receives green light to introduce

feed gas to Sabine Pass Train 6

PROJECTS & US LNG giant Cheniere Energy has been given
COMPANIES the go-ahead by regulators to introduce feed gas
to Train 6 at its Sabine Pass export terminal in
Louisiana.
The US Federal Energy Regulatory Commis-
sion (FERC) approved Cheniere’s September 15
request to introduce feed gas last week. The move
will form part of the commissioning process for
Train 6, which is being brought online earlier
than initially expected.
In March, the train’s construction was esti-
mated to be about a year ahead of schedule. Ear-
lier in September, Cheniere said it expected to This, together with Cheniere’s Corpus Christi
bring the train online in the first quarter of 2022, export terminal in Texas, will bring the compa-
instead of the first half of the year as previously ny’s overall LNG production capacity to 45mn
anticipated. Then last week, Cheniere’s chief tpy – three times that of its nearest US rivals.
commercial officer, Anatol Feygin, was cited as Cheniere is also planning to launch a new 10mn
saying that depending on certain variables, there tpy expansion phase at Corpus Christi, and has
was a “good chance” that Train 6 would begin previously said it could make a final investment
production before the end of 2021. decision (FID) on this new phase in 2022.
The introduction of feed gas is timely, as Sabine Pass Train 6 is not the only new US
deliveries to the whole of the Sabine Pass ter- LNG unit to be nearing start-up. Separately, Ven-
minal have hit their highest level since May ture Global LNG’s chief commercial officer Tom
amid booming demand overseas. Once Train 6 Earl said last week at the Gastech event that his
is online, Sabine Pass will have the capacity to company’s Calcasieu Pass LNG terminal in Lou-
produce around 30mn tonnes per year (tpy) of isiana was nearing completion and was due to
LNG. begin production in the coming months.™

P8 www. NEWSBASE .com Week 39 01•October•2021