Cosan FSRU

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Cosan FSRU, also known as FSRU da Cosan, is an operating LNG import terminal in Brazil.

Location

Table 1: Location details

Name	Location	Coordinates (WGS 84)
Cosan FSRU	Santos, São Paulo, Brazil	-23.91218, -46.364786 (exact)

The map below shows the exact location of the terminal:

Loading map...

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Project Details

Table 2: Infrastructure details

mtpa = million tonnes per year

Name	Facility type	Status	Capacity	Total terminal capacity	Offshore	Associated infrastructure
Cosan FSRU	import	operating	3.7 mtpa	3.7 mtpa	True	–

Table 3: Cost

Name	Facility type	Cost	Total known terminal costs
Cosan FSRU	import	–	–

Financing

No financing data available.

Table 4: Project timeline

FID = Final Investment Decision, used by some developers to indicate a project will move forward

Name	Facility type	Status	Proposal year	FID year	Construction year	Operating year	Inactive year
Cosan FSRU	import	operating	–	–	2021	2024	–

Ownership

Table 5: Ownership

Name	Facility type	Status	Owners	Parent companies	Operator
Cosan FSRU	import	operating	Cosan SA [100%]	Cosan SA [100.0%]	Terminal de Regaseificação de São Paulo, SA (TRSP SA)

Table 6: Vessel ownership

Name	Facility type	Status	Vessel	Vessel owners	Vessel operator
Cosan FSRU	import	operating	Höegh Giant	Höegh Evi	Höegh Evi

Background

The Cosan LNG terminal was designed to include a 14 MMcmd FSRU (floating supply and regasification unit) attached to a fixed terminal in a ship-to-ship configuration near the city of Santos, Brazil. An 8.5-kilometer pipeline was to connect the terminal to Comgás's main distribution network at Cubatão, allowing for diversification of the region's gas supply.

The project was developed by Grupo Cosan, the majority owner of Brazil's largest gas distributor, São Paulo-based Comgás. Comgás was originally listed as the owner of the project, but control was subsequently handed over to Terminal de Regaseificação de São Paulo, SA, a separate subsidiary of Grupo Cosan, to avoid regulatory conflicts.

São Paulo's state Secretary of Infrastructure and the Environment approved the project in April 2019, and the terminal received its preliminary license in May 2019 from the state environmental authority CETESB (Companhia Ambiental do Estado de São Paulo).

Construction of the Cosan terminal began in August 2021. In December 2021 Höegh LNG Holdings signed a 10-year charter to dock its Höegh Gannet FSRU at the terminal.

In May 2022, Cosan's CEO Luís Henrique Guimarães confirmed that the project was on track to begin commercial operations in the first half of 2023.

In February 2023, Höegh LNG confirmed that its 170,000 m³ Höegh Giant would be deployed to Brazil in the second quarter of 2023 to begin service at the Cosan terminal. Höegh LNG has a 10-year contract to operate at the terminal.

In a May 2023 teleconference with investors, Cosan acknowledged that the terminal's timeline had slipped due to challenges encountered while drilling to connect gas pipelines to the terminal; officials stated that start-up of commercial operations would be delayed until the second half of 2023, with subsequent ramp-up scheduled to continue into 2024.

In September 2023, the Hoegh Giant FSRU loaded a commissioning cargo at the Cameron LNG terminal for delivery to the Cosan terminal.

The Cosan terminal began operating in April 2024, but was almost immediately shut down by Brazil's national petroleum agency ANP for having failed to obtain prior authorization. In May 2024, ANP granted approval for the terminal to begin a provisional "pre-operational" phase of up to 180 days, and Höegh LNG announced that commissioning of the Höegh Giant had been completed.

Opposition

Environmentalists have warned of several potential dangers posed by the new terminal, including explosions, fires, and damage to mangrove swamps and local marine life.

Articles and Resources

Additional data

To access additional data, including an interactive map of LNG terminals, a downloadable dataset, and summary data, please visit the Global Gas Infrastructure Tracker on the Global Energy Monitor website.