Petrobras signs 10-year FSRU charter with Excelerate Energy

Excelerate Energy said October 17 that Brazil’s Petrobras had signed a 10-year contract to continue chartering the floating storage and regasification unit (FSRU) Sequoia, beginning from January 1, 2024.

Excelerate will continue to deploy the Sequoia to provide regasification services in Brazil, primarily at the Bahia Regasification Terminal (TR-BA) in Salvador, Bahia.

“Deploying the Sequoia for 10 more years will position Excelerate well to support Brazil’s efforts to strengthen its energy security,” Excelerate CEO Steven Kobos said. “We have been a reliable partner to Petrobras for more than a decade, and we are committed to maintaining that partnership and supporting the energy transition for all Brazilians.”

Excelerate has provided regas services at Petrobras’s LNG import terminals in Brazil since 2012. In addition to the Sequoia, Excelerate’s FSRU Experience is providing regas services at the Guanabara Bay import terminal in Brazil.