ONCORP TO INVEST BRL 2 BILLION IN LIQUEFIED NATURAL GAS REGASIFICATION TERMINAL

The development of a liquefied natural gas (LNG) regasification terminal at the Port of Suape, a R$ 2 billion investment, was announced by the government of the state of Pernambuco on Friday (16). The selection process’s winner OnCorp leased the Multiple Use Pier (CMU), which will only be used for this kind of activity. Shell will be in charge of running the terminal. A Floating Ship Regasification Unit (FSRU), and a ship that will be docked at the Multiple Use Pier, will handle the operation. “The stationary vessel, connected by gas pipelines to the Custody Transfer Station (ETC), will carry out the process of converting liquefied natural gas (LNG) into gaseous form for onward distribution. Ship-to-ship operations will be used to supply the FSRU.

Source: Portos e Navios (*Translated by Ia Niani)