Regulatory issues are preventing Petrobras from progressing with plans to sell its LNG regasification terminal located in the state of Ceara, Pedro Parente, CEO of the state-run oil company, said on Sept. 26.

The Ceara government wants to change the way the terminal and other installations work, including a possible site location change, and has been in talks with Petrobras. Parente said a sale would not be possible until these issues are resolved.