Oil and Gas

New Fortress Launches 2 LNG Terminals in Brazil

Mar, 05, 2024 Posted by Gabriel Malheiros

Week 202410

New Fortress Energy, Inc. (NFE) has launched its liquefied natural gas (LNG) terminal in Santa Catarina, Brazil.

NFE’s Terminal Gas Sul (TGS) is an offshore LNG import terminal with a capacity of approximately six million metric tons per annum (mtpa) and maximum send-out of 500 million standard cubic feet per day (MMscfd).

The terminal includes the Winter floating storage regasification unit (FSRU) and a 33-kilometer, 20-inch pipeline, which connects the facility to the existing inland Transportadora Brasileira Gasoduto Bolívia-Brasil (TBG) pipeline, the New York-based company said in a recent news release.

TGS “presents a high-growth opportunity for the company within the Brazilian power and gas markets”, NFE said.

NFE predicts that both power and gas demand are set to substantially increase, while the historical main source of gas supply from Bolivia has declined and is expected to further diminish in the near term.

“TGS is directly connected to more than 3.5 GW of existing power infrastructure that lacks firm supply agreements, making the terminal a key asset in Brazil’s evolving energy landscape”, NFE Chairman and CEO Wes Edens said. “With numerous new power projects required to balance the grid in Brazil in the near term, NFE is poised to meet growing demand by leveraging its vertically integrated portfolio of LNG assets and expertise”.

Last week, NFE also launched its six-mtpa Barcarena LNG terminal in Pará, Brazil, with the Energos Celsius FSRU on site.

NFE said its Barcarena LNG terminal is strategically located at the mouth of the Amazon River in Pará, Brazil, and serves as the sole natural gas supply source in the state of Pará and the North region of Brazil.

The facility consists of an offshore terminal and FSRU that will supply LNG to several industrial customers, including a 15-year contract with Norsk Hydro’s Alunorte refinery, the largest alumina refinery in the world. The terminal will not only support industrial development but also “reduce emissions and pollution in the environmentally sensitive Amazon region by providing a cleaner, affordable and reliable alternative to oil-based fuels”, the company said.

NFE said it will supply Norsk Hydro’s alumina production facility with approximately 30 TBtus of natural gas annually, reducing the refinery’s annual carbon dioxide emissions by an estimated 700,000 mtpa and supporting Norsk Hydro’s global commitment to reduce greenhouse gas emissions by 30 percent by 2030.

The Barcarena terminal will also supply natural gas to NFE’s 630-MW power plant, which is currently under construction adjacent to the Barcarena terminal. The company said the power plant remains on track to achieve a commercial operations date (COD) in the third quarter of 2025 and is approximately 50 percent complete.

“Our Barcarena complex is a great example of NFE’s fully integrated LNG-to-power business model, where our LNG import terminal provides a significant competitive advantage”, Edens said. “We are honored to support Brazil, the state of Pará, and Norsk Hydro in their decarbonization efforts while growing energy supply and economic opportunity in the region”.

New Fortress Energy describes itself as a global energy infrastructure company founded to address energy poverty and accelerate the world’s transition to reliable, affordable, and clean energy. The company owns and operates natural gas and LNG infrastructure and an integrated fleet of ships and logistics assets to rapidly deliver turnkey energy solutions to global markets.

Source: Rigzone

Click here to read the original news piece: https://www.rigzone.com/news/new_fortress_launches_2_lng_terminals_in_brazil-05-mar-2024-175966-article/

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