Nimofast teams up with Kanfer for small scale LNG in Brazil

Brazil’s Nimofast has signed a partnership agreement with the Norwegian company Kanfer Shipping to offer small and medium-scale LNG shipping, small-scale floating storage units (FSU) and LNG bunkering solutions to its clients from 2025 onwards, it said on November 22.

The contract with Kanfer enables Nimofast to provide a fully integrated solution to sell and deliver LNG of any volume via small and medium-scale LNG vessels to customers at any location along the Brazilian coastline, the company said.

The LNG vessels and LNG bunker ships will be loaded via the permanently based FSU at the Nimofast LNG import and distribution terminal in the state of Parana.

Nimofast recently announced that it secured enough LNG offtake volumes to justify the final investment decision via supply contracts with GNLink, a company controlled by asset manager Lorinvest, and with energy trading company Migratio Gas. The terminal is expected to be operational in 2025.

“We noticed that many clients in Brazil, either require relatively small volumes of LNG or do not have the suitable port infrastructure to build or to justify their own LNG import terminal,” Nimofast president Ramon Reis said. “Via the partnership with Kanfer Shipping, we are able to offer and deliver LNG to any customer along the Brazilian coastline regardless of the requested volumes or port draft limitations. We also see LNG bunkering as a growth market to meet environmental- and economic objectives by using LNG as a fuel in shipping.”

Switzerland-based project finance advisor Maius is advising Nimofast on the structuring of its debt and equity, strategic partnerships, and risk mitigation of the project.