Pennybacker Closes Acquisition of Miami LNG Business, Appoints Daniel McLaughlin President and Chief Commercial Officer to Lead Miami LNG
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Pennybacker Capital Management has acquired the Miami LNG business from New Fortress Energy Inc. This acquisition includes a small-scale liquefaction operation optimized for efficient distribution.
November 21, 2024 | 7:00 pm
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New Fortress Energy Inc. has sold its Miami LNG business to Pennybacker Capital Management. This divestiture may impact NFE's revenue from the LNG sector.
The sale of the Miami LNG business could reduce New Fortress Energy's revenue from LNG operations, potentially impacting its financial performance negatively in the short term.
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