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2 clusters · 7 sources · 19 days · First seen 30 days ago · Last updated 12 days ago

J&F Group natural gas infrastructure expansion

Overview

The J&F Group is expanding its presence in the Brazilian natural gas and energy sectors through new infrastructure projects and acquisitions.

In mid-August, the group announced plans via its subsidiary, Âmbar Energia, to construct a liquefied natural gas (LNG) terminal and a large-scale thermoelectric power plant in the Suape Port region of Pernambuco. This project intends to integrate the receipt of imported gas, regasification, and energy generation.

By the end of August, Brazil’s Administrative Council for Economic Defense (Cade) approved the J&F Group’s lease of the Terminal Gás Sul (TGS) in Santa Catarina. Currently operated by the U.S.-based New Fortress Energy, the terminal provides maritime infrastructure for Floating Storage and Regasification Units (FSRU) and connects to the Bolivia-Brazil Gas Pipeline. This lease is expected to support the group’s expansion and serve the energy requirements of Âmbar.

Entities

New Fortress Energy · Terminal Gás Sul · J&F · Porto de Suape · Cade

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] Cade approved the lease of the Terminal Gás Sul (TGS) by J&F S.A. without restrictions. tribunadepetropolis.com.br · www.dgabc.com.br · ocp.news
[● 3 SOURCES] The TGS asset is owned and currently operated by NFE Power Latam Participações e Comércio. tribunadepetropolis.com.br · www.dgabc.com.br · ocp.news
[● 3 SOURCES] The terminal is located in Babitonga Bay in São Francisco do Sul, Santa Catarina. tribunadepetropolis.com.br · www.dgabc.com.br · ocp.news
[● 3 SOURCES] The infrastructure includes a maritime terminal for FSRU vessels to receive, store, and regasify LNG. tribunadepetropolis.com.br · www.dgabc.com.br · ocp.news
[● 3 SOURCES] The terminal connects to the Bolivia-Brazil Gas Pipeline (Gasbol) via a transfer station in Garuva. tribunadepetropolis.com.br · www.dgabc.com.br · ocp.news
[● 2 SOURCES] The terminal features a pipeline system of approximately 32.6 kilometers. tribunadepetropolis.com.br · www.dgabc.com.br
[○ 1 SOURCE] The implementation of the Terminal Gás Sul received an investment of R$ 500 million. ocp.news
[○ 1 SOURCE] The terminal has the capacity to regasify up to 15 million cubic meters of natural gas per day. ocp.news

Timeline

12 days ago

[BUSINESS] 7 sources
J&F Group approved to lease Terminal Gás Sul in Brazil
Brazil's Cade has approved J&F Group's unrestricted lease of the Terminal Gás Sul from New Fortress Energy, a key LNG regasification facility in Santa Catarina.
30 days ago

[BUSINESS] 3 sources
J&F plans LNG terminal and thermoelectric plant in Suape
J&F plans to invest billions of reais in an integrated LNG terminal and large-scale thermoelectric plant at the Suape Port in Pernambuco, Brazil.

Sources

barq-news.com · bpmoney.com.br · brasil247.com · dev.tnonline.com.br · dgabc.com.br · infomoney.com.br · ocp.news