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Brazil Receives LNG Spot Cargo From Trinidad at Guanabara Bay

Petroleo Brasileiro SA (PETR4), Brazil’s importer of liquefied natural gas, received a spot cargo from Trinidad & Tobago, according to ship-tracking data.

The Hispania Spirit, with a capacity of 137,814 cubic meters, arrived April 21 at Rio de Janeiro, according to ship transmissions captured by IHS Fairplay on Bloomberg. The tanker sailed from Atlantic LNG Co.’s Point Fortin terminal, where it docked to load the supercooled natural gas.

Brazil’s driest rainy season in a decade has reduced hydropower supply, boosting the country’s LNG demand, Goldman Sachs Group Inc. said in a Jan. 28 note. Petrobras, as the Brazilian oil company is known, has a floating regasification terminal at Guanabara Bay near Rio de Janeiro.

Officials from Petrobras in Houston and Atlantic LNG didn’t immediately respond to e-mails seeking comment out of normal working hours.

Brazil doesn’t have long-term LNG supply contracts with Trindad & Tobago, according to data compiled by Bloomberg.

The Trinity Glory, with a capacity of 152,675 cubic meters, last delivered a shipment from Nigeria LNG to Guanabara Bay on April 18.

To contact the reporter on this story: Chou Hui Hong in Singapore at chong43@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

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