Petrobras may mothball LNG terminal, Ceara thermal plant
Photo courtesy of Petrobras.
(Reuters) Brazil's state-controlled oil company Petrobras fears problems with its LNG regasification terminal in Ceara state and a nearby thermoelectric plant could force it to mothball the assets, which it put up for sale earlier this year, according to documents seen by Reuters on Friday.
The documents the company filed to the oil regulator ANP said the Ceara state infrastructure secretariat plans to use the area of the company's LNG terminal for other purposes, which would also prompt it to shutdown the assets operations.
Petrobras said in the documents that the power plant that is linked to the regasifaction terminal at the port of Pecem has also struggled with "innumerable problems", especially with flaws in its turbines.
The TermoCeara thermoelectric plant originally belonged to MPX, which used to belong to former billionaire Eike Batista but was purchased by Petrobras in 2005 for $137 million.
Reporting by Luciano Costa; Writing by Reese Ewing; Editing by Sandra Maler
- Freeport LNG export plant in Texas reports shutdown of liquefaction train
- TotalEnergies and Mozambique announce the full restart of the $20-B Mozambique LNG project
- RWE strengthens partnerships with ADNOC and Masdar to enhance energy security in Germany and Europe
- Five energy market trends to track in 2026, the year of the glut
- Venture Global wins LNG arbitration case brought by Spain's Repsol
Comments