New Fortress Energy signs LNG FSRU charter to start operations at terminal in southern Brazil in January
New Fortress Energy, the New York-based developer of liquefied natural gas import and export projects, has entered into a definitive agreement to charter the “Energos Winter”, a floating storage and regasification unit (FSRU), from Brazilian state company Petróleo Brasileiro (Petrobras) and with the FSRU being deployed in the south of the country.
NFE said that the “Energos Winter” charter from Petrobras would start in December and the FSRU would “immediately” be deployed to the Terminal Gas Sul (TGS), NFE’s newest LNG import facility in the state of Santa Catarina.
The US company said that the TGS terminal project would thus begin commercial operations ahead of schedule in January 2024.
NFE is currently completing two terminals projects in Brazil, one at Santa Catarina and a second at Barcarena in the state of Pará in the far northeast of Brazil.
Growth opportunity
“We are extremely pleased to reach this agreement with Petrobras and begin operations at the TGS terminal in Santa Catarina, Brazil ahead of schedule in January 2024,” said NFE Managing Director Andrew Dete.
“The TGS terminal is a unique, high-growth opportunity for NFE, as connection to the pipeline system in south Brazil offers a diverse and near-term set of opportunities across power and gas supply,” Dete explained.
The “Energos Winter” will be sub-chartered by NFE through the remaining term of the Petrobras charter with Energos Infrastructure and then direct-chartered by NFE on a long-term basis with Energos.
“This will enable NFE to commence commercial operations at TGS in January 2024 and continue uninterrupted service on a long-term basis,” said NFE.
Energos Infrastructure, the owner of the “Energos Winter” FSRU, is owned 80 percent by funds managed by New York equity firm Apollo and 20 percent owned by NFE.
LNG production
NFE is on course to start LNG production and export operations by early 2024 at Mexico’s first production facility with capacity of 1.4 million tonnes per annum.
NFE’s “Fast LNG” project comprises modular, midsize liquefaction technology with jack-up rigs to enable lower costs
The US company and Mexico's state-owned power utility, the Comisión Federal de Electricidad (CFE), have set up the LNG hub in Altamira in the Gulf of Mexico to convert Mexican natural gas into LNG for export.
Each of NFE’s three parts of the first “Fast LNG” project were completed at the Kiewit Offshore Services yard in Ingleside in Texas.
The company said that the first “FLNG 1” liquefaction operating facility is being deployed in Mexican waters at a cost of just $1.3 billion, far below the cost of other proposed projects.
Excelerate Energy of US and Brazil’s Petrobras sign charter agreement for an FSRU for next 10 years
Excelerate Energy, the leading US provider of floating storage and regasification units (FSRUs) with increased demand from Europe and South America, has signed a contract to charter an FSRU to Brazil’s state-owned energy company Petróleo Brasileiro (Petrobras) for 10 years.
Petrobras posts firm profits amid government tax on oil exports as Brazil also cuts LNG and Bolivia gas
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.
Brazil’s Petrobras says LNG helped end energy crisis along with pipeline gas from Fluxys Bolivia asset
Petróleo Brasileiro (Petrobras), the Brazilian oil and gas company, boosted domestic natural gas production in the third quarter backed by LNG imports as well as pipeline gas from Bolivia as a drought curtailed the South American nation’s hydro-electric output.
Excelerate of US leads push for more LNG imports for Brazil amid drought-affected hydro-electric power
Excelerate Energy of the US, the leading global floating storage and regasification unit developer, has reached an agreement to enable more liquefied natural gas imports to Brazil as the nation continues to cope with much reduced hydro-electric power because of drought.
Petrobras of Brazil disqualifies sole tender from Excelerate Energy to operate Bahia state LNG terminal
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.
Golar involvement in tender for Salvador LNG terminal in Brazil is now under review as shares fall again
Petróleo Brasileiro, the Brazilian oil and gas company known as Petrobras, said it would review the participation of the Golar Power joint venture company in a tender process to lease the liquefied natural gas import terminal at Salvador in the northeast state of Bahia.
Brazil passes long-awaited law to open up natural gas distribution and LNG markets to private investors
The Brazilian lower house of the National Congress has approved a bill to further open up the natural gas and LNG terminal market to private competition and break the monopoly held by state-controlled energy company Petroleo Brasileiro, known as Petrobras.
Petrobras of Brazil to sell remaining stake in natural gas pipeline and looks at floating LNG output
Brazilian state-run oil and gas company Petroleo Brasileiro SA, known as Petrobras, has begun the binding phase in the sale process of its 10 percent remaining stake in gas pipeline firm Nova Transportadora do Sudeste (NTS) at the same time as reviving the possibility of floating LNG production.
Brazil chooses 17 players for $50Bln offshore licence battle on Nov 7 amid LNG uncertainty
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.
