According to Brazil's trade statistics, the country imported 373,000 MT of LNG in March 2013, growing by as much as 441.1% from a year ago because the country imported only one cargo amounting to 69,000 MT last year, which is very small import volume. In March, LNG cargoes were imported at US$743.65/MT on average, up 8.5% from the same month of the previous year.|
In Brazil, operation rates at hydraulic power plants have been reduced due to drought, which has been causing hydropower gradually to be replaced with thermal power. As a result, the country's LNG imports in the January-March quarter of 2013 reached 1,129,000 MT, which is more than seven times larger than those in the corresponding period last year. If things go on at this rate, its import quantity in 2013 is expected to cross the four million MT mark.
In the third quarter of 2013 (July-September), the third LNG receiving terminal is scheduled to go on stream in the State of Bahia to which Petrobras plans to introduce "Golar Winter" with floating storage and regasification unit (FSRU). Petrobras has had a charter contract for the vessel with Golar LNG Partners LP.