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.

Shares in Golar LNG, the carrier fleet operator and project developer, plunged 32 percent on the Nasdaq global exchange after one of its associates was caught up in a Brazilian corruption investigation involving another company.