LNG

Petróleo Brasileiro, which was the first national oil company to import LNG to chartered floating storage and regasification units (FSRUs) back in 2009 while never developing LNG production itself, reported a 76 percent surge in oil-led net profits as the government also brought in a new tax on energy companies exporting oil.

Excelerate Energy, the US floating LNG import terminal company, is helping to stabilize the flow of supplies to Brazil through 2022 with a deal to deploy one of its existing floating storage and regasification units (FSRUs) to the port of Salvador in the northeast state of Bahia.