Eneva Selects Espírito Santo Port for New Natural Gas Hub, Rules Out Partner

Brazilian energy company Eneva has decided to locate its new natural gas hub at a port in the state of Espírito Santo, with the project comprising a liquefied natural gas (LNG) regasification terminal and a complex of thermal power plants, according to a statement released on Tuesday (Nov. 3).

The company said it had signed agreements with Vports, the state’s port authority, for the use of areas at the Port of Barra do Riacho in Espírito Santo. The agreements are valid through December 31, 2046, with an option for renewal.

Natural gas hub to have 690 MW of power capacity

Previously known as the “Southeast Hub,” the “Espírito Santo Hub” will include thermal power plants for which Eneva secured contracts in a capacity reserve auction held by the Brazilian government in March. The complex will have a capacity of 690 megawatts (MW), with the plants supplied by gas from the future regasification terminal.

Eneva has also decided to retain full ownership of the natural gas hub in Espírito Santo. The company had previously held discussions about establishing a partnership that could have involved third-party investors acquiring a stake of up to 49% in the project.

Source: Uol

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