New Fortress Energy stated Monday it had executed a definitive settlement to constitution the Floating Storage and Regasification Unit (“FSRU”) Energos Winter from Brazil’s Petrobras beginning in December 2023.
The FSRU Energos Winter will likely be instantly deployed to Terminal Gas Sul (“TGS”), NFE’s latest LNG import terminal in Santa Catarina, Brazil, which can begin business operations forward of schedule in January 2024.
“We are extremely pleased to reach this agreement with Petrobras and begin operations at the TGS terminal in Santa Catarina, Brazil ahead of schedule in January 2024. The TGS terminal is a unique, high-growth opportunity for NFE, as connection to the pipeline system in south Brazil offers a diverse and near-term set of opportunities across power and gas supply,” said Andrew Dete, Managing Director of New Fortress Energy.
The Energos Winter will be sub-chartered by NFE through the remaining term of the Petrobras charter with Energos infrastructure and then direct-chartered by NFE on a long-term basis with Energos. This will enable NFE to commence commercial operations at TGS in January 2024 and continue uninterrupted service on a long-term basis. Energos Infrastructure, the owner of the Energos Winter, is owned 80% by funds managed by Apollo and 20% by NFE.
The Energos Winter has been part of Petrobras’s fleet since 2009 and will be handed over to NFE in December this year.
“The plan was that the vessel would start operating for NFE at the end of 2024, once the contract with Petrobras had expired. However, as Petrobras has recently chartered the “Excelerate Sequoia”, we determined to speed up the redeployment of the Energos Winter, as this can assist to open up the Brazilian pure fuel market, and can enhance the pliability and reliability of the nation’s provide”, defined Maurício Tolmasquim, the director of Energy Transition and Sustainability at Petrobras.
Petrobras will proceed to make use of the ships “Excelerate Experience” and “Excelerate Sequoia”, for its operations on the LNG regasification terminals in Guanabara Bay/RJ and Todos os Santos Bay/BA.
Petrobras stated that the sub-charter of the “Energos Winter” is one other determination Petrobras has taken to optimize its logistics belongings, by using extra environment friendly know-how with much less impression on the atmosphere. The Excelerate Sequoia, Petrobras stated, is likely one of the most trendy regasification vessels on the earth.
