[ad_1]
Printed by Jessica Casey,
Editor
LNG Business,
Excelerate Power, Inc. and Petróleo Brasileiro S.A. (Petrobras) have signed a 10-year contract to constitution the FSRU Sequoia. Beneath the time constitution occasion and operation and companies settlement (collectively, the settlement), which is able to start on 1 January 2024, Excelerate will proceed to deploy the Sequoia to offer regasification companies in Brazil, primarily on the Bahia Regasification Terminal (TR-BA) in Salvador, Bahia.
“Brazil is a wonderful market. This settlement is a vital step in furthering Excelerate’s long-term sustainable development plan in South America,” stated Steven Kobos, President and CEO of Excelerate. “Deploying the Sequoia for 10 extra years will place Excelerate nicely to help Brazil’s efforts to strengthen its vitality safety. Now we have been a dependable companion to Petrobras for greater than a decade, and we’re dedicated to sustaining that partnership and supporting the vitality transition for all Brazilians.”
Since 2012, Excelerate has supplied regasification companies in Brazil at Petrobras’s LNG import terminals. Along with the Sequoia, Excelerate’s FSRU Expertise is at present offering regasification companies in Brazil. Sustaining a continued presence within the Brazilian market is a elementary a part of Excelerate’s strategic place as a dependable backstop to the nation’s vitality system for which intermittent renewable vitality contributes roughly 85%.
This settlement highlights Excelerate Power’s dedication to utilizing its versatile FSRU fleet to boost vitality safety and reliability for its prospects all over the world. The deal additionally expands the corporate’s core regasification enterprise, which permits for elevated visibility to predictable near-term and long-term earnings and money flows.
Learn the article on-line at: https://www.lngindustry.com/regasification/23102023/excelerate-energy-and-petrobras-sign-10-year-charter-for-fsru-sequoia/
[ad_2]
Source_link
