Nimofast signs partnership with Kanfer to sell and deliver LNG via small-scale carriers in Brazil

Wednesday, 23 November 2022
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Nimofast Brasil SA has signed a partnership agreement with the Norwegian company Kanfer Shipping AS to offer small and medium-scale LNG shipping, small-scale floating storage units (FSUs) and LNG bunkering to its customers in Brazil from 2025.

“The LNG vessels and LNG bunker ships will be loaded via the permanently based FSU at the Nimofast LNG import and distribution terminal in the state of Paraná,” said Kanfer.

Kanfer is one of the leading companies for small-scale LNG and gas solutions based in Norway.

Kanfer explained that its aim was to help stranded customers in emerging markets to efficiently access LNG through transport and storage and to provide clean and cost-effective bunkering infrastructure.

“We are very much looking forward to cooperating with Nimofast by using our patented technologies to improve both the availability and accessibility of LNG for the customers in Brazil as well as being cost efficient,” said Stig Hagen, Chief Executive of Kanfer.

LNG gap

“Kanfer’s small-scale solutions for sea transport, storage and bunkering create a virtual LNG pipeline, solving a critical gap in the LNG supply chain,” stated Hagen.

Nimofast is an LNG project development company with its roots in trading and is fully licensed and authorized by the Brazilian regulator, the National Agency of Petroleum (ANP), to import LNG to Brazil.

Nimofast recently announced that it secured enough LNG offtake volumes to justify a final investment decision via supply contracts with GNLink, a company controlled by asset manager Lorinvest, and with energy trading company Migratio Gas.

The terminal is expected to be operational in 2025.

“We noticed that many clients in Brazil, either require relatively small volumes of LNG, or do not have suitable port infrastructure to build or to justify their own LNG import terminal,” explained Nimofast President Ramon Reis.

Port drafts

“Via the partnership with Kanfer Shipping, we are able to offer and deliver LNG to any customer along the Brazilian coastline regardless of the requested volumes or port draft limitations,” he added.

“We also see LNG bunkering as a growth market to meet environmental and economic objectives in shipping,” stated Reis.

The third party in the venture is Maius GmbH, a Swiss structuring and project finance firm which is advising Nimofast on the structuring of its debt and equity, strategic partnerships and risk mitigation of the project.

“We congratulate Nimofast and the partners on achieving another important milestone that will contribute to the energy transition and security in Brazil,” said Stefan M. Rohmer, the Maius CEO.

“We are proud to be part of the team and to be the lead adviser for this privately-funded, market-leading project,” declared Rohmer.

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