Petrobras starts second bidding round for Bahia LNG lease

Brazil’s state-controlled oil and gas company Petrobras kicked off the second bidding process to lease its Bahia LNG import facility.

The company is looking to lease the regasification terminal as well as the associated facilities in the state of Bahia.

The second bidding round comes after the first round launched in August ended with no valid proposals.

Again, the company has restricted the bidding to pre-qualified companies under the pre-qualification call.

The lease of the Bahia LNG terminal is aligned with the company’s strategy to improve its capital allocation.

The Bahia facility consists of an inshore terminal with all the required facilities for mooring a Floating Storage and Regasification Unit (FSRU) vessel and an LNG supply vessel in a side-by-side configuration.

The maximum regasification flow rate of the facility is 20 million cubic meters per day.

The integrated pipeline is 45 km long and 28 inches in diameter and connects the terminal to two delivery points, São Francisco do Conde Pressure Reducing Station and São Sebastião do Passé Flow Control Station.

Also included in the scope of the transaction is the equipment for power generation and supply located at the Madre de Deus Waterway Terminal (TEMADRE), members of the Terminal of Bahia.

The FSRU is not part of the lease process, Petrobras said in its initial notice.