Brazil's federal energy company Petrobras (NYSE: PBR) will finish construction of the Baía de Guanabara LNG terminal in January 2009, nearly five months ahead of schedule.
"We were expecting to enter the commissioning period in June [2009], but not anymore," Petrobras gas and energy director Maria das Graças Foster told journalists in Rio de Janeiro during a ceremony at the city's legislative assembly.
"That gives us more flexibility and it's another option for the company and Brazil," she said. Baía de Guanabara is in Rio de Janeiro state.
In August, Petrobras in Pecém, Ceará state opened its first LNG terminal, which is undergoing final commissioning.
Petrobras has sold contracted LNG loads to third parties rather than import them at Pecém. Rainfall has made it cheaper for the country to generate hydroelectricity than thermo power.
"There's nothing to prevent us from starting operations at Pecém now," Foster said.
The Pecém and Baía de Guanabara terminals are capable of regasifying a combined 21Mm3/d. Production will largely go to fuel thermo plants.
Petrobras has yet to determine where to build a potential third LNG terminal. Rio Grande do Sul and Santa Catarina states, both in the southern region, have shown interest in hosting a terminal.
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