October 2019, Vol. 246, No. 10
Features
Brazil’s LNG-to-Power Complex Funded; Phase 2 Underway
The Gas Natural Açu (GNA) joint venture between Prumo Logistica, BP and Siemens – developer of Brazil’s largest infrastructure project – has gained regulatory approval for LNG imports and satisfied lender conditions for $750 million in project financing to complete the 1.3 GW first phase of its LNG-to-Power complex at the Port of Açu. BW Magna prior to retrofitting (photo: BW Group) EIG Global Energy Partners, Prumo Logistica’s controlling shareholder, confirmed the Phase I financing and said construction has already begun on the 1.7 GW Phase 2 of the project in Rio de Janeiro state. Upon completion, GNA’s 3GW of installed capacity w
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