Petrobras, following up on the release disclosed on 09/28/21, informs that it has signed the Instrument of Acceptance provided for in the contract and transferred, this Saturday (12/04), the operation of the Bahia Liquefied Natural Gas Regasification Terminal (TR-BA) to Excelerate Energy Comercializadora de Gás Natural (Excelerate).

The agreement was signed after the Administrative Council for Economic Defense (CADE) approved the operation. Petrobras supported Excelerate in obtaining the necessary licenses and authorizations, also complying with the precedent conditions in the lease agreement for the operation of the terminal. Excelerate's regasification vessel is positioned at the TR-BA, and with the transfer of the operation, Excelerate is able to make natural gas available to the market.

The berthing of Excelerate's ship will also allow the transfer of the Golar Winter regasifier ship, working for Petrobras, to the Pecém LNG regasification terminal, located in Ceará. The three LNG regasification terminals are connected to the country's integrated natural gas transportation network (Guanabara Bay, Pecém, and Bahia) and are ready to operate.

The leasing process of TR-BA and associated facilities represents an important step towards the process of opening and increasing competitiveness of the natural gas segment in Brazil, following the rites of Federal Law 13,303/2016 (Law of State Companies).

About Petrobras

Petrobras has upwards of 100 production platforms, 16 refineries, 30,000 kilometers of pipelines and more than 6,000 service stations. Our proved reserves are around 14 billion barrels of oil, a figure expected to double in the next few years. With the discovery of oil and gas in the pre-salt region, Brazil may become the world's fourth biggest oil producer in 2030.

We have built a track record of overcoming challenges since 1953, when the company was created. The main one was developing technology to explore and produce oil in deep and ultra-deep waters, where upwards of 90% of our reserves are nestled. With innovation and daringness, we are now the Brazilian company that makes the applies for the most patents in Brazil and abroad.

About Excelerate Energy

Excelerate Energy L.P. is a US-based LNG company located in The Woodlands, Texas. Excelerate is the pioneer and market leader in innovative floating LNG solutions, providing integrated services along the entire LNG value chain with an objective of delivering rapid-to-market and reliable LNG solutions to customers. Excelerate offers a full range of floating regasification services from FSRU to infrastructure development to LNG supply.