Golar Power offers top bid for Petrobras's LNG terminal
Golar Power Ltd has submitted the top bid for a highly-sought-after LNG import terminal being leased by Brazil’s state-run energy firm Petrobras, two people with direct knowledge of the matter said. The terminal and regasification facility was offered under a wider government effort to end the state oil company’s monopoly in natural gas imports and processing. The Bahia state terminal can process 20 MM cubic meters per day of LNG and includes a 45 kilometer pipeline. A bid by Golar Power, a joint venture between Golar LNG and U.S. private-equity firm Stonepeak Infrastructure Partners, was the top offer received, the people said. Twelve companies applied to submit offers, including local subs
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