Migratio Gás secures its position in Brazil by signing an LNG supply contract with Nimofast
Updated: Sep 26, 2022
Press release
Sao Paulo, Brazil / Zurich, Switzerland, August 23, 2022 - This week, Migratio Gás signed a binding Term of Commitment with Nimofast Brasil S.A, a company that is licensing an LNG import and distribution terminal in Brazil in the State of Paraná, to supply 50 thousand m³/month of LNG (Liquefied Natural Gas), which is equivalent to 30 million m³ of NG (Natural Gas) per month and circa 0.3 MMTPA, starting in 2025.
This contract will allow Migratio Gás to commercialize natural gas directly with end consumers, reducing costs to its customers. Fábio Saldanha, Director New Business at Migratio: “We are very grateful and honored to be one of the pioneers in this market with enormous potential in Brazil”.
Nimofast Brasil S.A. is an LNG project development company with its roots in trading. By being the authorized local partner for the largest independent LNG trader in the world for many years, and by developing its own LNG import- and distribution terminal in the State of Paraná, Nimofast has developed a strong and reliable position for LNG sourcing to its clients and partners in Brazil. Nimofast is fully licenced and authorised by ANP to import LNG to Brazil.
Nimofast President Ramon Reis: “We congratulate Migratio with its vision to enter the gas market and providing the best solution for its clients in the energy sector. We also would like to thank Maius GmbH for its professional support to structure a successful package for Nimofast to finance the LNG-project, despite the current complex environment”.
Maius GmbH, a Swiss structuring and project finance advisor, is advising Nimofast on the structuring of its debt and equity, strategic partnerships, and risk mitigation of the project. The solutions uniquely integrate insurers, industrial partners and financiers, reducing and sharing the risk, thereby securing a significant reduction in project risk and finance cost.
“We are proud to be the lead adviser for this privately funded project that will contribute to the energy transition in Brazil” said Stefan M. Rohmer, Maius GmbH CEO. “We are pleased to be able to leverage our experience and partnerships to contribute innovative solutions in applying bespoke risk mitigation strategies and sourcing international capital”.
Contacts Migratio: Fábio Saldanha
migratiogas@migratiogas.com.br, +55-19 3701-3476 or visit https://www.migratio.com.br/
Contacts Nimofast: Ramon Reis
info@nimofast, + 55-19-3844-4015 or visit www.nimofast.com
Contacts Maius GmbH: Stefan M. Rohmer
srohmer@maius.ch, +41-79-476 9080 or visit www.maius.ch
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