LNG

Brazil’s big LNG-to-power plans are wobbling

A hyped LNG-to-power project in Brazil’s southern state of Rio Grande do Sul will be cancelled unless a last-minute rescue plan succeeds A hyped LNG-to-power project in Brazil’s southern state of Rio Grande do Sul will be cancelled unless a last-minute rescue plan succeeds.
By Chris Noon 10 October 2017 0 27906
A Brazilian gas-to-power plant A gas-to-power plant in Brazil. (PGN)

The decision of Brazilian regulators to revoke a licence for a huge LNG-to-power project in the southern state of Rio Grande do Sul last week is not final, two sources have told Interfax Natural Gas Daily. The developer may still succeed in an eleventh-hour plan to turn it over to a New York-based private equity giant. 

“The Bolognesi cancellation decision is not final – they are appealing [against the decision of Brazilian power regulator ANEEL] as they are still in discussions with Fortress Investment Group to...