The company has signed a contract with State of Rio Grande do Norte to identify and develop offshore wind, green hydrogen, and green ammonia opportunities off the country’s northern coastline.
Brazil opens gas market up [Gas in Transition]
May 3, 2021 1:00:pm
Summary Brazil’s new gas law will provide a better business environment for the gas industry, but more work is needed to create a competitive market. [Gas in Transition, Volume 1, Issue 1]
by: Brunno Braga
Brazilian President Jair Bolsonaro signed a new gas bill into law on April 9, following a decade of intense debate between the government and the gas industry over the legislation. The law is expected to cut through regulatory obstacles to development, attract new players and investment into the sector, spur competition and lead to lower gas prices in Latin America’s largest country.
New Fortress dives into Brazil [NGW Magazine]
Feb 8, 2021 3:10:pm
Summary With market liberatisation on the way, Brazil represents a good growth opportunity for gas-to-power projects, supported by floating storage and regasification vessels. [NGW Magazine Volume 6, Issue 3]
by: Brunno Braga
To take advantage of the promising LNG market in Brazil, the US-based energy company New Fortress Energy (NFE) has made a big move into Latin America s largest oil and gas producing country: Brazil.
The company, with worldwide energy infrastructure operations, bought Hygo Energy Transition in a $5bn deal announced mid-January.
Hygo is a joint-venture between Golar LNG and Stonepeak Infrastructure Partners. With the purchase, NFE will acquire an operating floating storage and regasification unit (FSRU) terminal and a 50% interest in a 1.5-GW power plant in Sergipe as well as two other FSRU terminals with 1.2 GW of power in advanced stages in the South America
New Standard Terms of Reference for offshore wind licensing in Brazil lexology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lexology.com Daily Mail and Mail on Sunday newspapers.