Prumo Logistica, controlled by US-based energy and infrastructure fund EIG Global Energy Partners, made a decisive move into Brazil's liquefied natural gas sector last year by acquiring a power purchasing agreement (PPA) that was originally won by Bolegnesi Energia.
Bolognesi’s plan was to build a thermal electric plant, called Novo Tempo, with 1.3 gigawatts of generation fed though a floating storage and regasification unit, but the project became distressed.
