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Excelerate Energy okayed to operate Brazil LNG terminal

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Excelerate Energy okayed to operate Brazil LNG terminal

Brazil's waterways transport regulator Antaq has authorized Excelerate Energy to begin operations of the Madre de Deus LNG regasification terminal (TRBA) in Bahia state. 

The terminal was leased by the company from federal oil company Petrobras last September for 102mn reais (US$21mn) until December 2023. 

The project is deemed by the government to be an important step in the process of opening up and increasing the competitiveness of the natural gas segment. 

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