Brazil seeks to kick life into idle LNG terminals

Brazil’s LNG terminals lay idle for much of 2016. The country needs new rules and new players to get things moving, says a Petrobras manager
By Chris Noon 17 March 2017
A tanker at the Guanabara LNG terminal. Brazil used less than 50% of its regas capacity in 2016. (Golar LNG)

Brazilian state giant Petrobras will struggle to boost utilisation rates at its three LNG terminals unless the authorities tweak regulations to improve the terms of access, industry figures have said.

Petrobras has worked to increase access to its terminals since 2012 but has struggled to make the proposition commercially viable, Petrobras Gas and Power Manager Alvaro Tupiassu told the Argus Latin American LNG Summit in Rio de Janeiro on Thursday.

"The possibility of adding [new players] depends on changing our legal and regulatory framework, and tax legislation,"...

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