New Fortress Energy Signs FSRU Charter To Start Operations Of LNG Import Terminal In Santa Catarina, Brazil In January 2024
Portfolio Pulse from Benzinga Newsdesk
New Fortress Energy Inc. (NASDAQ:NFE) has signed a definitive agreement to charter the Floating Storage and Regasification Unit (FSRU) Energos Winter from Petrobras. The FSRU will be deployed to NFE's newest LNG import terminal in Santa Catarina, Brazil, which will start operations in January 2024, ahead of schedule. The Energos Winter is owned 80% by funds managed by Apollo and 20% by NFE.
November 06, 2023 | 1:43 pm
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New Fortress Energy's agreement to charter the FSRU Energos Winter from Petrobras and start operations ahead of schedule could potentially boost its revenues and growth prospects.
The agreement allows New Fortress Energy to start operations at its new LNG import terminal ahead of schedule, which could lead to an increase in revenues and enhance its growth prospects. The company's 20% ownership in Energos Winter also provides it with a strategic asset.
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