LNG

Brazilian state oil and gas company, Petroleo Brasileiro (Petrobras), has disqualified a tender from Excelerate Energy of the US after it was the only commercial proposal received in the bidding for the Salvador liquefied natural gas import terminal in Bahia state in northeast Brazil.

Brazilian energy regulators said a total of 17 oil and gas companies are registered to take part in one of the most lucrative auctions ever for licences set for November 7 and with prospects of raising US$50 billion for the South American nation from the blocks offered for oil fields with associated gas.