Oil and Gas

Regasification stations gain authorization to be bonded

Mar, 12, 2020 Posted by Sylvia Schandert

Week 202012

The March 10 Official Gazette divulged important news for LNG (Liquifeito Natural Gas) entrepreneurs in Brazil. The Federal Revenue Ordinance No. 3,518 / 11 now includes floating facilities anchored in Brazilian jurisdictional waters, within the areas subject to customs. In practice, these regasification vessels gained express authorization to carry out LNG foreign trade, which is imported in liquefied form, and is then transformed into gas at the floating stations that are stationed at national ports. The ordinance did not expressly authorize customs clearance, which created legal uncertainty in the environment.

LNG is a more efficient, cleaner and cheaper fuel. It is an alternative to diesel and traditional fuels. That is why it has gained so much importance in recent years. In other countries, such as the United States for example, the introduction of gas in the market has even led to the reformulation of the energy matrix. According to the infrastructure minister, Tarcísio Gomes de Freitas, the changes to the ordinance bring new perspectives for the Brazilian market. “It is now clear that the stations can be bonded and can receive imported LNG to be used in Brazil. Entrepreneurs were making billionaire investments without the legal certainty that they could invest ”, he explains. According to Freitas, the Brazilian market has great potential to extract LNG from pre-salt layers. “In the future, we may stop being LNG importers and become big suppliers”, he says.

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