REPYY - Golar Power offers top bid for Petrobras LNG terminal - Reuters

Golar Power has submitted the top bid for a highly pursued liquefied natural gas import terminal being leased by Petrobras ([[PBR]] -2.0%), 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 (TOT) and Repsol (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.

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Golar Power offers top bid for Petrobras LNG terminal - Reuters