Oil & Gas

28 Dec 2021

Shell to Supply Brazilian Natural Gas Plants

28 Dec 2021  by   
Shell will supply two of the natural gas thermoelectric plants that won the latest Brazilian capacity tender — the already existing Termopernambuco plant in Bahia state and the new Portocem project in Ceara

The construction of the Portocem project will receive an investment of R4.2bn ($741.4mn), financed by US firm Ceiba Energy, and should reach an installed capacity of 1.57MW.

The Spanish Iberdrola subsidiary Neoenergia-owned Termopernambuco plant will be expanded, with a R50.58mn investment, reaching 550MW in capacity.

"The conclusion of deals with natural gas distributors, fertilizer factories, pipeline operator TAG and Petrobras, as well as the selection of the capacity tender winning thermoelectric projects, are landmarks in our new gas market development", Shell Energy Brasil chief executive Christian Iturri said.

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