Page 4 - LatAmOil Week 50 2021

COMMENTAR
LatAmOil COMMENTARY Y LatAmOil

Bahia LNG terminal (Photo: Bahia Pilots)
LNG sector gaining

momentum in Brazil

Excelerate begins deliveries to the Bahia LNG terminal amid
record Brazilian gas imports, NFE’s signing of Alunorte deal

EXCELERATE Energy announced on Decem- regasification capacity of up to 700mn cubic feet
ber 8 that it had begun receiving gas deliveries at (19.8mn cubic metres) per day.
WHAT: Brazil’s Bahia LNG import terminal in Salvador, The operations at Bahia are the latest exam-
Excelerate has begun de- a port in Bahia State. ple of the Excelerate Flexible Integrated Termi-
livering gas to Brazil via The company took control of the Bahia ter- nal (E-FIT) offering, which the company has
the Bahia LNG terminal. minal last week after signing a lease agreement also deployed at the Moheshkhali floating LNG
in September. It is not a newcomer to the South (FLNG) terminal in Bangladesh.
WHY: American country, as it has been providing
The South American state regasification services at Brazilian facilities since Resolving Bahia LNG’s fate
needs the additional gas 2012, but it will now become the first private Excelerate made its announcement just a few
import capacity. company to sell regasified LNG to local custom- days after Brazil’s national oil company (NOC)
ers. In a statement, Excelerate said it anticipates Petrobras confirmed that it had transferred
WHAT NEXT: selling gas to a “diverse portfolio” of customers control of the Bahia LNG terminal to the US
Drought, market reforms in this newly opened market. company.
and decarbonisation will Excelerate’s floating storage and regasifi- In a statement, the NOC said it had taken this
keep demand for LNG
high in the long term. cation unit (FSRU), the Excelerate Sequoia, step after securing approval from the Adminis-
is providing regasification services at Bahia. trative Council for Economic Defence (CADE),
The FSRU has a storage capacity of 173,400 the anti-trust division of the Brazilian Justice
cubic metres, while the Bahia terminal has a Ministry.

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