Brazil Remains Wedded to LNG Despite Upset
By EsqSocial Corporation 17/12/20
Brazil’s gas market liberalization plans were dealt a blow when Petrobras disqualified the sole bidder in a tender to lease its Bahia LNG import terminal in the northeast last month. The state-controlled firm said it rejected the $130 million offer from Golar Power after an integrity risk assessment that forms part of its corruption prevention program. Golar Power has appealed, but Petrobras has yet to respond. Despite the upset, LNG remains a key part of Brazil’s plans to meet growing...
By: FTI Consulting