Brazil
News

Brazil's Suape port awaiting approval to lease LNG terminal

Bnamericas Published: Friday, October 21, 2022
Brazil's Suape port awaiting approval to lease LNG terminal

Brazil’s Suape port is expecting an authorization from ports and waterway watchdog Antaq to formalize a lease contract with Oncorp (Aruanã Energia), a source close to the subject told BNamericas.  

The company’s proposal was the only one qualified by Suape’s administration for the installation of a liquefied natural gas (LNG) regasification terminal at the multipurpose pier (CMU) during a public process earlier this month. 

The value of the bid presented by Oncorp was 6.3mn reais (US$1.22mn) for a lease period of 48 months. 

The project will provide natural gas for the Termopernambuco thermal plant, which sold energy at a backup power tender auction held by sector regulator Aneel in 2021, and to Pernambuco state’s gas distribution firm Copergás

Anglo-Dutch company Shell will supply the LNG for the undertaking.

CH4 Energia, Compass Gás e Energia and Ultracargo Logística filed appeals against the result of the lease process, but the requests were denied by Suape’s tender commission. 

This was the second tender launched for the leasing of CMU. The original process was canceled in 2021 because the Suape port administration reportedly did not consult federal authorities, such as the infrastructure ministry and oil and gas regulator ANP before publishing the tender notice.

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: Oil & Gas (Brazil)

Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.

Other companies in: Oil & Gas (Brazil)

Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Vast Infraestrutura
  • We are a company dedicated to offering infrastructure and logistics solutions for the safe, clean, efficient and sustainable movement of liquids for the energy market.
  • Company: Agribrasil
  • The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
  • Company: Consórcio BM-S-11
  • The BM-S-11 Consortium is a partnership formed by Galp Energia Brasil, SA, Petróleo Brasileiro SA, and Shell Brasil Petroleo Ltda. for the execution of the Iracema Norte Field p...
  • Company: UTC Engenharia S.A.  (UTC Engenharia)
  • UTC Engenharia S.A. is the engineering and industrial services subsidiary of Brazilian group UTC Participações. The firm has been involved in the development of projects in area...