Eneva negotiates new gasoline contracts to faucet idle capability at Sergipe hub By Reuters

by time news

2024-06-12 19:50:12

By Letícia Fucuchima

SÃO PAULO (Reuters) – Eneva (BVMF:) is transferring forward with plans to take advantage of the remaining capability of its Sergipe regasification terminal and has room to produce clients with as much as 10 million cubic meters of gasoline per day new negotiations, an organization director instructed Reuters.

The corporate, which is likely one of the predominant gamers within the Brazilian gasoline market, introduced this Wednesday an settlement to produce imported liquefied gasoline (LNG), from its Sergipe hub, to the Linhares Geração thermoelectric plant.

Estimated at 1.2 billion reais, the contract gives for the provision of quantities as much as 1.07 million cubic meters per day, in a 100% versatile modality, and is the primary provide settlement for thermoelectric enter signed between personal corporations within the nation, mentioned Eneva . .

In line with Marcelo Lopes, director of commercialization and new enterprise, the corporate is already negotiating the provision of LNG from Sergipe to thermoelectric turbines that intend to take part within the subsequent useful resource reserve public sale.

“The contract (Linhares) is the primary in a sequence that we hope to do, providing this flexibility to the gasoline market… We consider that the primary clients for the sort of product are thermoelectric vegetation, those that have already received an public sale itself. and there’s no (gasoline) answer outlined, and the longer term public sale ought to happen this yr”, mentioned the chief.

Its pointers for the useful resource reservation occasion, which is because of happen in August, must be printed this month, a secretary from the Ministry of Mines and Vitality mentioned this week.

Along with appearing as an enter provider, Eneva is anticipated to take part within the public sale as a era agent, enabling an growth venture for the Celse thermoelectric plant in Sergipe – which might benefit from a number of the terminal’s present idle capability.

Situated within the metropolitan area of Aracaju, Celse is on the Sergipe Eneva hub, a thermoelectric plant with a era capability of 1.6 GW, and a floating pure gasoline storage and regasification unit (FSRU) with a capability of 21 million cubic meters.

“At present Porto Sergipe makes use of 6 million (of cubic meters of gasoline), Linhares we’re committing 1 million, and the terminal has 21 million, so there are 14 million regas capability left. However in a terminal it’s important to take a look at the regas capability and shares, as a result of there’s provide time”.

“We expect it’s potential to promote one thing round 10 million cubic meters per day of versatile gasoline in a terminal like this, so there could be house to assist the growth (of the plant) in Sergipe and even gasoline that promote to 3rd. -parts of thermal vegetation.”

In line with Lopes, Eneva additionally sees a possible provide of gasoline from Sergipe for industries, since, in some circumstances, it’s already advantageous for these clients to switch a few of their agency gasoline contracts with versatile contracts.

Eneva has already signed gasoline contracts with two main industrial corporations, Vale (BVMF:) and Suzano (BVMF:), to produce “off-grid” gasoline from its Parnaíba Advanced (MA). On this case, LNG is transported utilizing vans.

“To have the ability to fulfill these 100% versatile contracts right here in Brazil, we are going to look to be very energetic within the international LNG market, to have the ability to provoke cargo in essentially the most environment friendly and aggressive manner potential.”

He mentioned that worldwide LNG costs have now leveled off after a peak recorded just a few years in the past, in the beginning of the struggle in Ukraine. In line with Lopes, some discount in costs remains to be anticipated sooner or later, given the entry of recent provide primarily from america of America and Qatar.

(by Letícia Fucuchima)

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