KN wins Brazilian LNG terminal operation deal

Klaipedos Nafta, Lithuanian oil and LNG terminal operator, has been named the operator of the LNG terminal in the Brazilian Port of Açu.

Through its unit KN Açu Serviços de Terminal de GNL, the company signed the deal with Gas Natural Açu (GNA), which is a joint venture among Prumo Logistica, BP and Siemens.

Following the signing of the agreement, KN assumes the responsibility for the provision of operations, including maintenance of the jetty and its installations, gas pipeline and gas metering stations as well as supporting the commissioning of the LNG terminal.

The agreement will become effective once GNA receives remaining corporate and lenders approvals.

The initial term of the agreement is for a 13-year operational period following the completion of the terminal and can be extended upon mutual agreement.

LNG terminal at the port of Açu is due to start operations in 2020 for the commissioning of GNA’s thermal power plant, UTE GNA I.

The project includes two natural gas-fired power plants with a combined capacity of 3GW and the LNG import terminal with a regasification capacity of 21 million cubic meters per day.

The newly built FSRU BW Magna of 170,000 cubic meter storage capacity is delivered and operated by BW, while the liquefied natural gas will be supplied by BP, also a shareholder at GNA.