Golar Power has submitted the top bid for a highly pursued liquefied natural gas import terminal being leased by Petrobras (PBR -2%), although the bid may be thrown out on compliance related grounds, Reuters reports.

Golar Power, a joint venture between Golar LNG (GLNG -4.3%) and Stonepeak Infrastructure Partners, reportedly was the top offer out of 12 companies applied to submit offers, including local subsidiaries of BP, Total (NYSE:TOT) and Repsol (OTCQX:REPYY).

The terminal and regasification facility was offered under a wider government effort to end state-run Petrobras’ Brazil monopoly in natural gas imports and processing.

The chief executive of another Golar LNG-Stonepeak venture, Hygo Energy Transition, stepped down this week after being cited in a bribery investigation.


Source link

Comments to: Golar Power offers top bid for Petrobras LNG terminal – Reuters (NYSE:PBR)

Your email address will not be published. Required fields are marked *

Attach images - Only PNG, JPG, JPEG and GIF are supported.


Welcome to Typer

Brief and amiable onboarding is the first thing a new user sees in the theme.
Join Typer
Registration is closed.