New Fortress Energy Places Terminal Gas Sul LNG Terminal In Santa Catarina, Brazil Into Operation
Portfolio Pulse from Benzinga Newsdesk
New Fortress Energy, Inc. (NFE) has announced the operational status of its Terminal Gas Sul (TGS) LNG terminal in Santa Catarina, Brazil. The terminal, featuring the Energos Winter Floating Storage Regasification Unit (FSRU), has a capacity of approximately 6 MTPA and a maximum send out of 500 mmscf/day. It is connected to the Brazilian gas market, including over 3.5 GW of power infrastructure without firm gas supply contracts and over 300 TBtu of industrial and residential consumers. The TGS terminal is expected to play a crucial role in meeting the increasing power and gas demands in Brazil, especially as the main gas supply from Bolivia declines.
March 01, 2024 | 1:02 pm
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New Fortress Energy's TGS LNG terminal in Brazil is operational, enhancing its position in the Brazilian energy market with significant capacity and strategic connections to the gas and power sectors.
The operational status of the TGS LNG terminal significantly enhances NFE's asset portfolio and market position in Brazil. Given the terminal's capacity and strategic connections to both the power and gas markets, it is poised to meet the growing energy demands in the region. This development is likely to be viewed positively by investors, as it represents a high-growth opportunity within the Brazilian power and gas markets, especially considering the decline in gas supply from Bolivia.
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