No Bids By Petrobras For Renting Of LNG Terminal

(Petrobras, 1.Feb.2021) — Petrobras, following up on the release disclosed on 1 October 2020, informs that the bidding process started on 3 August 2020 was ended, with no valid proposals, and that the company published, on today’s date, Bid Notice 002, aiming to determine a new deadline for the accreditation of companies that manifest interest in participating in the new bidding for the leasing of the LNG Regasification Terminal of Bahia (TR-BA) and associated facilities.

The bidding will be restricted to pre-qualified companies, respecting the conditions presented in the Call for Pre-qualification of 9 December 2019, available at Petrobras website at ( https://petrobras.com.br/en/business-channels ).

The leasing is aligned with the company’s strategy of improvement in its capital allocation and in consonance with the agreement for the natural gas market, celebrated with the Administrative Council of Economic Defense (CADE), on 8 July 2019, for the construction of a favorable environment for the entrance of new investors in the natural gas sector. 

About the terminal

The TR-BA consists of an island type pier with all the necessary facilities for mooring a FSRU (Floating Storage and Regasification Unit) ship directly to the pier and a supply ship on the port side of the FSRU. LNG transfer is made directly between FSRU and the supplier in a side by side configuration. The maximum TR-BA regasification flow rate is 20 million m³/d (@ 1 atm and 20°C). The FSRU is not part of the TR-BA leasing process.

The terminal’s gas pipeline is 45 km long and 28 inches in diameter, connecting the TR-BA to two delivery points, the São Francisco do Conde Pressure Reduction Station and the São Sebastião do Passé Flow Control Station.

Also included in the scope of the transaction are the power generation and supply equipment located at the Madre de Deus Waterway Terminal (TEMADRE), part of the TR-BA.

This material is being provided pursuant to Brazilian regulatory requirements, does not constitute an offering, under the U.S. securities laws, and is not a solicitation, invitation or offer to buy or sell any securities. The information on our website is not and shall not be deemed part of this report on Form 6-K.

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