{"id":469,"date":"2019-08-21T22:07:59","date_gmt":"2019-08-21T22:07:59","guid":{"rendered":"https:\/\/dev.pixflex.com\/eig2\/?p=469"},"modified":"2020-08-01T22:08:46","modified_gmt":"2020-08-01T22:08:46","slug":"eig-announces-major-developments-at-prumo-logistica","status":"publish","type":"post","link":"https:\/\/dev.pixflex.com\/eig2\/eig-announces-major-developments-at-prumo-logistica\/","title":{"rendered":"EIG Announces Major Developments at Prumo Log\u00edstica"},"content":{"rendered":"
\n
\n
\n

EIG Global Energy Partners (\u201cEIG\u201d), controlling shareholder of Prumo Log\u00edstica S.A. (\u201cPrumo\u201d or the \u201cCompany\u201d), a private Brazilian company leading the energy infrastructure hub at Port of A\u00e7u, today announced major developments at Prumo. \u00a0Among them, Gas Natural A\u00e7u (\u201cGNA\u201d), a joint venture among Prumo, BP and Siemens focused on the development and operation of sustainable energy and gas projects, has satisfied the conditions precedent required to draw on the previously announced US$750 million project financing led by IFC, KfW and the Brazilian National Development Bank. \u00a0GNA will apply the loan proceeds toward the completion of the construction of the 1.3 GW first phase of GNA\u2019s LNG-to-power complex (\u201cGNA I\u201d).<\/p>\n

Additionally, the development of the second phase of the complex, a 1.7 GW LNG-to-power project known as GNA II, is already underway and energy contracts have been secured.\u00a0 Upon completion, GNA I and GNA II will have 3GW of installed capacity\u2014enough to supply energy for up to 14 million households\u2014making it the largest gas-to-power project in Latin America. \u00a0GNA has a total licensed capacity of 6.4 GW and registered projects in the upcoming A-6 energy auction. \u00a0GNA I and the LNG import terminal are expected to start commissioning by March 2020. \u00a0In addition, GNA is developing offshore pipelines, gas processing facilities and a liquids export terminal for pre-salt gas, and onshore pipelines connecting A\u00e7u to the gas pipeline grid.\u00a0 Total investment for the first two phases of the GNA LNG-to-power complex is estimated to be in excess of US$2 billion.<\/p>\n

EIG also announced that Prumo has named three prominent industry veterans to its Board of Directors.\u00a0 Pedro Parente, chairman of BRF and former president of Petrobras, has joined the Board together with Ieda Gomes, former President of Comgas and BP Brazil, and Franklin Feder, chairman of InterCement Participa\u00e7\u00f5es and former President of Alcoa Latin America.<\/p>\n

Mr. Parente said, \u201cI look forward to serving this incredible company, the operator of the largest private port in Latin America. \u00a0Prumo and the A\u00e7u Complex represent critical infrastructure in unlocking Brazil\u2019s massive pre-salt reserves and will serve as a key enabler of the Brazilian new gas market (\u201cNovo Mercado de G\u00e1s\u201d).\u00a0 As a Brazilian, I\u2019m proud to be part of this effort that will create meaningful social and economic development for Brazil and the region.\u201d<\/p>\n

Carlos Tadeu Fraga, a leading expert in oil & gas with unparalleled industry knowledge, experience and relationships, recently assumed the role of Prumo CEO. \u00a0Under Mr. Fraga\u2019s leadership, Prumo has bolstered its management team with the recent addition of Luciana Rachid, former TBG CEO, as head of gas strategy.<\/p>\n

Mr. Fraga said, \u201cIt is an honor to serve as Prumo\u2019s CEO and enhance the development of the Port of A\u00e7u, with its unique position as the only private gas hub in Brazil that combines LNG, domestic gas, liquids export, 6.4GW of power licenses and industrial gas-consuming projects in a single location.\u00a0 Having spent my entire career helping Brazil develop its hydrocarbon reserves, including the pre-salt, I couldn\u2019t be more excited to lead the company that is the owner and developer of this outstanding infrastructure that supports the oil & gas offshore activities and consequently will boost industrialization in Brazil.\u201d<\/p>\n

A\u00e7u, the largest port-energy-industry complex in Brazil, also includes an oil hub, strategically important for the export of pre-salt oil, as well as processing, blending and storage. \u00a0A\u00e7u Petroleo, a Prumo partnership with OilTanking, has attracted leading global oil and gas companies, including Shell, Petrobras, Galp and Equinor, as customers for its highly efficient oil transshipment terminal. \u00a0It is the only private terminal on the Brazilian coast, with 1.2 million bbl\/day capacity, and the ability to receive Very Large Crude Carrier vessels (\u201cVLCC\u201d). \u00a0The Company\u2019s expansion projects include oil pipelines connected to the grid and 5.5 million bbl of storage and oil treatment facilities to serve growing export volumes.<\/p>\n

R. Blair Thomas, CEO of EIG and Chairman of the Prumo Board of Directors, said, \u201cEIG is proud to support these incredible projects, and I am thrilled to welcome a new crop of talented industry leaders to the Board and management team.\u00a0 Prumo\u2019s operating momentum continues to accelerate, as exemplified by its strong operating results and its ability to attract the industry\u2019s finest talent.\u00a0 As Prumo\u2019s majority owner, EIG is gratified by the success of Prumo\u2019s recent strategic developments and commercial partnerships, and we are eager to continue to play a role in its dynamic expansion.\u201d<\/p>\n

About Prumo Log\u00edstica<\/strong><\/p>\n

Prumo is a multi-business economic group responsible for the development of the Port of A\u00e7u, the largest port complex in Brazil. \u00a0Through the six companies that comprise the group\u2014Porto do A\u00e7u, Ferroport, A\u00e7u Petr\u00f3leo, GNA, Dome and BP Prumo\u2014Prumo provides services in the mining, port logistics, energy, and oil & gas segments. \u00a0Key partners and clients of Prumo include Port of Antwerp, BP, Siemens, Anglo American, Oiltanking, GranIHC, Shell, Petrobras, Galp, Equinor, TechnipFMC, NOV, Edison Chouest, Intermoor, Wartsila and other global industry leaders.\u00a0 Port of A\u00e7u also has strategic agreements with the Port of Houston, USA, and the Port of Guangzhou, China.<\/p>\n

About the Port of A\u00e7u Complex<\/strong><\/p>\n

Positioned on over 50 square miles of land, the A\u00e7u complex has up to 10 miles of quay, 40% of which is operational and up to 82 feet deep.\u00a0 These attributes allow the port to receive VLCC vessels that have the capacity to store up to 2 million barrels of oil and are among the largest ships in the world. The complex currently handles oil, iron ore, coal, coke, bauxite and gypsum, as well as general and project cargos. \u00a0\u00a0In 2017, the Port of A\u00e7u Export Processing Zone (\u201cA\u00e7u EPZ\u201d) was created as a free trade area, focused on exports with private administration and industrial support logistics.<\/p>\n

Prumo also seeks to be a leader in supporting local communities and the environment.\u00a0 The A\u00e7u Complex currently employs more than 7,000 workers, more than 70% of whom come from the surrounding communities of S\u00e3o Jo\u00e3o da Barra and Campos dos Goytacazes in Rio de Janeiro State.\u00a0 Prumo is also the home of the 10,000-acre RPPN Caruara nature preserve, Brazil\u2019s largest private reserve dedicated to the Restinga ecosystem.\u00a0 More than 1 million seedlings, including some belonging to species threatened with extinction, have been produced and planted in the RPPN Caruara preserve. In addition, Prumo monitors 62 km of beaches through its Marine Turtle Monitoring Program, which aims to continuously generate data on the species, promoting a better understanding of animal behavior and preservation.<\/p>\n

About EIG<\/strong> Global Energy Partners<\/strong><\/p>\n

EIG is a leading institutional investor to the global energy sector with $23.3 billion under management as of June 30, 2019. \u00a0EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 37-year history, EIG has committed over $30.8 billion to the energy sector through more than 350 projects or companies in 36 countries on six continents. EIG\u2019s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For additional information, please visit EIG\u2019s website at www.eigpartners.com<\/a>.<\/p>\n

\u00a0<\/p>\n

Media Contacts<\/strong><\/p>\n

Prumo<\/p>\n

B\u00e1rbara Bortolin<\/p>\n

+55 (21) 3725-8028<\/p>\n

barbara.bortolin@prumologistica.com.br<\/a><\/p>\n

 <\/p>\n

EIG Global Energy Partners<\/p>\n

Sard Verbinnen & Co.<\/p>\n

Kelly Kimberly \/ Brandon Messina<\/p>\n

+1 (212) 687-8080<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

EIG Global Energy Partners (\u201cEIG\u201d), controlling shareholder of Prumo Log\u00edstica S.A. (\u201cPrumo\u201d or the \u201cCompany\u201d), a private Brazilian company leading the energy infrastructure hub at Port of A\u00e7u, today announced major developments at Prumo.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-469","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"\nEIG Announces Major Developments at Prumo Log\u00edstica - EIG Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.pixflex.com\/eig2\/eig-announces-major-developments-at-prumo-logistica\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EIG Announces Major Developments at Prumo Log\u00edstica - EIG Partners\" \/>\n<meta property=\"og:description\" content=\"EIG Global Energy Partners (\u201cEIG\u201d), controlling shareholder of Prumo Log\u00edstica S.A. (\u201cPrumo\u201d or the \u201cCompany\u201d), a private Brazilian company leading the energy infrastructure hub at Port of A\u00e7u, today announced major developments at Prumo.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dev.pixflex.com\/eig2\/eig-announces-major-developments-at-prumo-logistica\/\" \/>\n<meta property=\"og:site_name\" content=\"EIG Partners\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-21T22:07:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-08-01T22:08:46+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dev.pixflex.com\/eig2\/eig-announces-major-developments-at-prumo-logistica\/\",\"url\":\"https:\/\/dev.pixflex.com\/eig2\/eig-announces-major-developments-at-prumo-logistica\/\",\"name\":\"EIG Announces Major Developments at Prumo Log\u00edstica - EIG Partners\",\"isPartOf\":{\"@id\":\"https:\/\/dev.pixflex.com\/eig2\/#website\"},\"datePublished\":\"2019-08-21T22:07:59+00:00\",\"dateModified\":\"2020-08-01T22:08:46+00:00\",\"author\":{\"@id\":\"https:\/\/dev.pixflex.com\/eig2\/#\/schema\/person\/91bb7e5f492bba7e2969da84d148d34f\"},\"breadcrumb\":{\"@id\":\"https:\/\/dev.pixflex.com\/eig2\/eig-announces-major-developments-at-prumo-logistica\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/dev.pixflex.com\/eig2\/eig-announces-major-developments-at-prumo-logistica\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/dev.pixflex.com\/eig2\/eig-announces-major-developments-at-prumo-logistica\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/dev.pixflex.com\/eig2\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EIG Announces Major Developments at Prumo Log\u00edstica\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dev.pixflex.com\/eig2\/#website\",\"url\":\"https:\/\/dev.pixflex.com\/eig2\/\",\"name\":\"EIG Partners\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dev.pixflex.com\/eig2\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/dev.pixflex.com\/eig2\/#\/schema\/person\/91bb7e5f492bba7e2969da84d148d34f\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dev.pixflex.com\/eig2\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b804eaab7bbedbf2b0692d0cde94c8fa?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b804eaab7bbedbf2b0692d0cde94c8fa?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"https:\/\/dev.pixflex.com\/eig2\"],\"url\":\"https:\/\/dev.pixflex.com\/eig2\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"EIG Announces Major Developments at Prumo Log\u00edstica - EIG Partners","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dev.pixflex.com\/eig2\/eig-announces-major-developments-at-prumo-logistica\/","og_locale":"en_US","og_type":"article","og_title":"EIG Announces Major Developments at Prumo Log\u00edstica - EIG Partners","og_description":"EIG Global Energy Partners (\u201cEIG\u201d), controlling shareholder of Prumo Log\u00edstica S.A. (\u201cPrumo\u201d or the \u201cCompany\u201d), a private Brazilian company leading the energy infrastructure hub at Port of A\u00e7u, today announced major developments at Prumo.","og_url":"https:\/\/dev.pixflex.com\/eig2\/eig-announces-major-developments-at-prumo-logistica\/","og_site_name":"EIG Partners","article_published_time":"2019-08-21T22:07:59+00:00","article_modified_time":"2020-08-01T22:08:46+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/dev.pixflex.com\/eig2\/eig-announces-major-developments-at-prumo-logistica\/","url":"https:\/\/dev.pixflex.com\/eig2\/eig-announces-major-developments-at-prumo-logistica\/","name":"EIG Announces Major Developments at Prumo Log\u00edstica - EIG Partners","isPartOf":{"@id":"https:\/\/dev.pixflex.com\/eig2\/#website"},"datePublished":"2019-08-21T22:07:59+00:00","dateModified":"2020-08-01T22:08:46+00:00","author":{"@id":"https:\/\/dev.pixflex.com\/eig2\/#\/schema\/person\/91bb7e5f492bba7e2969da84d148d34f"},"breadcrumb":{"@id":"https:\/\/dev.pixflex.com\/eig2\/eig-announces-major-developments-at-prumo-logistica\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/dev.pixflex.com\/eig2\/eig-announces-major-developments-at-prumo-logistica\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/dev.pixflex.com\/eig2\/eig-announces-major-developments-at-prumo-logistica\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/dev.pixflex.com\/eig2\/"},{"@type":"ListItem","position":2,"name":"EIG Announces Major Developments at Prumo Log\u00edstica"}]},{"@type":"WebSite","@id":"https:\/\/dev.pixflex.com\/eig2\/#website","url":"https:\/\/dev.pixflex.com\/eig2\/","name":"EIG Partners","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/dev.pixflex.com\/eig2\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/dev.pixflex.com\/eig2\/#\/schema\/person\/91bb7e5f492bba7e2969da84d148d34f","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dev.pixflex.com\/eig2\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b804eaab7bbedbf2b0692d0cde94c8fa?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b804eaab7bbedbf2b0692d0cde94c8fa?s=96&d=mm&r=g","caption":"admin"},"sameAs":["https:\/\/dev.pixflex.com\/eig2"],"url":"https:\/\/dev.pixflex.com\/eig2\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/dev.pixflex.com\/eig2\/wp-json\/wp\/v2\/posts\/469","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.pixflex.com\/eig2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.pixflex.com\/eig2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.pixflex.com\/eig2\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.pixflex.com\/eig2\/wp-json\/wp\/v2\/comments?post=469"}],"version-history":[{"count":1,"href":"https:\/\/dev.pixflex.com\/eig2\/wp-json\/wp\/v2\/posts\/469\/revisions"}],"predecessor-version":[{"id":470,"href":"https:\/\/dev.pixflex.com\/eig2\/wp-json\/wp\/v2\/posts\/469\/revisions\/470"}],"wp:attachment":[{"href":"https:\/\/dev.pixflex.com\/eig2\/wp-json\/wp\/v2\/media?parent=469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.pixflex.com\/eig2\/wp-json\/wp\/v2\/categories?post=469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.pixflex.com\/eig2\/wp-json\/wp\/v2\/tags?post=469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}