Brazil Gets Reloaded LNG Cargo From Portugal at Guanabara Bay

Petroleo Brasileiro SA (PETR4), Brazil’s importer of liquefied natural gas, received a spot cargo loaded out of storage from Portugal, ship-tracking data show.

The Excelsior, with a capacity of 138,000 cubic meters, arrived at Guanabara Bay near Rio de Janeiro today, according to transmissions captured by IHS Fairplay on Bloomberg. The tanker sailed from Portugal’s Sines LNG terminal, where it reloaded the supercooled natural gas and departed Nov. 11.

Petroleo Brasileiro, also known as Petrobras, has a floating regasification terminal at Guanabara Bay. The Sines LNG terminal, with a capacity of 5.26 billion cubic meters a year of natural gas, is managed by REN-Redes Energeticas Nacionais SA, Portugal’s power and gas grid operator.

Portugal doesn’t produce any LNG. Brazil has no long-term purchase contracts, data compiled by Bloomberg show.

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

To contact the editor responsible for this story: Pratish Narayanan at pnarayanan9@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.