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SAFETY4SEA

Petrobras to start leasing Bahia LNG operations

by The Editorial Team
December 11, 2019
in Fuels
jana port fees

Above image is used for illustration purposes only / Credit: Shutterstock

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Petrobras informed on Monday, September 9 that it will start leasing its LNG regasification terminal, as well as an associated gas pipeline in the northeastern state of Bahia.

As Reuters informs, the move is in line with an agreement made with Brazil’s antitrust regulator Cade in July to open up the Brazilian natural gas market to additional competition.

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Petrobras has now began pre-bid procedures for parties interested in participating in the auctions, which will be in compliance with state law.

RelatedNews

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Commenting on the lease, Petrobras said that is in agreement with its strategy of improving its capital allocation, along with establishing a favorable environment for new investors to enter the natural gas sector.

Petrobras to start leasing Bahia LNG operationsPetrobras to start leasing Bahia LNG operations
Petrobras to start leasing Bahia LNG operationsPetrobras to start leasing Bahia LNG operations
Tags: BrazilLNGPetrobras
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