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Excelerate Energy Takes Control

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Texas-based Excelerate Energy has started natural gas deliveries to Brazil via the Bahia Regasification Terminal in Salvador, Bahia.

The LNG regasification terminal had been under the control of Petrobras until earlier this week. Excelerate and Petrobras signed a lease contract for the US company to assume control of the facility on September 28, but final regulatory approval took more than two months.

Excelerate’s floating storage and regasification unit Excelerate Sequioa, with a storage capacity of 173,400 cubic meters, is providing regasification services at the facility. The terminal itself has a regasification capacity of up to 700 million cubic feet per day.

Excelerate has provided regasification services at the Bahia terminal, as well as terminals at Guanabara Bay and Pecém since 2012.

“It is both a privilege and responsibility to provide natural gas to Brazil at this critical time. Our track record of operational excellence in this market makes us the ideal partner to serve local customers and ensure long-term energy availability and reliability,” said Steven Kobos, chief executive of Excelerate.

“I commend Petrobras for running a transparent tender process as part of the Brazilian government’s efforts to open up the Brazilian gas market. We are pleased that Excelerate Sequoia, the newest vessel in our industry-leading FSRU fleet, will deliver secure and reliable energy to Brazil.”

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