NFE welcomes Energos Celsius FSRU for work at Barcarena LNG terminal

Business Developments & Projects

December 22, 2023, by Aida Čučuk

Singapore’s Seatrium has delivered the floating storage and regasification unit (FSRU) Energos Celsius to U.S. energy infrastructure company New Fortress Energy (NFE) for deployment at NFE’s completed LNG terminal in Barcarena, Brazil.

This is Seatrium’s fourth FSRU project for Brazil, for which the company said is “a testament to our commitment in supporting the development and growth of the country’s oil and gas industry.”

The FSRU, which, according to Seatrium, was completed safely, on time and within budget, will have a nominal regasification capacity of 750 – 1,000 million standard cubic feet per day.

As mentioned above, it will be a part of NFE’s LNG terminal development at Barcarena, which includes a long-term gas contract to supply Norsk Hydro at the Alunorte alumina refinery, a 630 MW gas-to-power project under construction by NFE and further power and fuel expansion projects in the region.

The Barcarena LNG import terminal is said to be the first LNG import facility in the state of Pará and the Northern region of Brazil.

In November 2023, NFE executed definitive agreements with the Brazilian development bank Banco Nacional de Desenvolvimento Econômico e Social (BNDES) and funds managed by Lumina Capital Management and BTG Asset Management to fund up to $575 million in asset-based financing to complete the construction of its 630 MW Barcarena power plant.

The plant, located adjacent to NFE’s LNG import terminal, is said to be on schedule to commence operations in the third quarter of 2025 under a 25-year power purchase agreement (PPA) with several electricity distribution companies in Brazil.

NFE closes asset-based financing to fully fund its Barcarena power plant

To remind, this week, NFE revealed that the construction of its Santa Catarina (TGS) terminal in Brazil is complete, and the company is looking forward to the arrival of the floating storage and regasification unit (FSRU) Energos Winter in January 2024.