PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 18.Nov.2025, Words: 109) — New Fortress Energy Inc. signed a forbearance agreement with representatives of the holders of its new senior secured notes due 2029. Per the agreement, the due date for interest payments scheduled for 17 Nov. 2025 has been effectively […]
Tag: New Fortress Energy
New Fortress Energy reports first fire at CELBA 2 power plant northern Brazil
SALVADOR DE BAHIA, BRAZIL (By Pedro Silva, Energy Analytics Institute, 6.Oct.2025, Words: 218) — New Fortress Energy Inc. achieved first fire at its 624 MW CELBA 2 Power Plant in northern Brazil. This marks a major operational milestone toward commercial operations. The first fire signifies the successful initial ignition of the […]
![Excelerate ups EBITDA guidance related to New Fortress Energy Jamaica deal [pdf download]](https://energy-analytics-institute.org/wp-content/uploads/2020/10/experience-source-excelerate-energy.jpg)
Excelerate ups EBITDA guidance related to New Fortress Energy Jamaica deal [pdf download]
BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 29.Jul.2025, Words: 230) — Excelerate Energy, Inc. raised its full year 2025 adjusted EBITDA guidance range related to the acquisition of New Fortress Energy Inc.‘s business in Jamaica. “Our recent acquisition in Jamaica marks a significant milestone in Excelerate’s strategic vision […]
Excelerate Energy closes $1.055bn acquisition of NFE’s business Jamaica
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 14.May.2025, Words: 335) — Excelerate Energy, Inc. closed its $1.055bn acquisition of New Fortress Energy Inc.‘s business in Jamaica. Per the purchase agreement, Excelerate acquired the assets and operations of the Montego Bay LNG Terminal, the Old Harbour LNG Terminal, and the […]
![Excelerate to acquire New Fortress Energy’s Jamaica business for $1.1bn [PDF download]](https://energy-analytics-institute.org/wp-content/uploads/2020/09/Excelerate_FSRU_GBGP_home.jpg)
Excelerate to acquire New Fortress Energy’s Jamaica business for $1.1bn [PDF download]
HOUSTON, TEXAS (By Excelerate, 27.Mar.2025, Words: 865) — Excelerate Energy, Inc. entered into a definitive agreement with New Fortress Energy Inc. (NFE) to acquire NFE’s business in Jamaica for $1.055bn in cash. Per the agreement, Excelerate will acquire the assets and operations of the Montego Bay LNG Terminal, the Old […]
New Fortress Inks GSA with Energiza in Puerto Rico
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 22.Jan.2025) — New Fortress Energy Inc. (NFE) executed a 20-year gas supply agreement with Energiza to provide natural gas to a 478 MW combined-cycle power plant being developed in San Juan, Puerto Rico. The power plant is adjacent to NFE’s existing San Juan […]
New Fortress Updates on Financing for $2.7bn
(Energy Analytics Institute, 26.Nov.2024) — New Fortress Energy Inc. completed the first of two steps of its $2.7bn issuance of new senior secured notes due Nov. 2029. The first step completed was the funding of $1.2bn new senior secured notes, New Fortress said 26 Nov. 2024 in an official statement. The […]
Pennybacker Closes Purchase Miami LNG Business from New Fortress
(Aaron Simonsky, Energy Analytics Institute, 21.Nov.2024) — Pennybacker Capital Management, LLC, a real assets investment manager, completed the acquisition of the small-scale Florida-based liquefied natural gas production and distribution business (Miami LNG business) from New Fortress Energy. The Miami LNG business is a strategically located liquefaction operation, equipped with one […]
New Fortress Completes 3rd Loading Offshore Altamira
(Energy Analytics Institute, 25.Oct.2024) — New Fortress Energy Inc.’s (NFE) initial Fast LNG unit completed its third cargo loading on 25 Oct. 2024. The cargo has been loaded onto the BW Pavilion and is setting sail for NFE’s operation in Puerto Rico, NFE said 25 Oct. in an official statement. […]
Mexico gas consumption up during Jan.-Sep. 2024, French IEA says
MEXICO CITY, MEXICO (Energy Analytics Institute, 20.Oct.2024, Words: 130) — The Paris-based International Energy Agency (IEA) commented on Mexican natural gas demand in its most recent report. In Mexico, gas consumption grew by an estimated 2% or 1.5 billion cubic meters (bcm) year-over-year in the first-nine months of 2024 amid […]
New Fortress Sends Off First Full Cargo from Altamira
(Energy Analytics Institute, 30.Sep.2024) — New Fortress Energy Inc. announced that its Fast LNG (FLNG) asset located offshore Altamira, Mexico has achieved First Full Cargo & Sail Away. The first full LNG cargo fully loaded onto the Energos Princess and setting sail for Europe, New Fortress said 30 Sep. 2024 […]
New Fortress Energy to Delay Dividend Payment
(Energy Analytics Institute, 30.Sep.2024) — New Fortress Energy Inc. will delay the payment of the company’s previously declared $0.10 per share Class A common stock dividend, with a record date of 13 Sep. 2024, until it reaches an agreement with its noteholders to address the company’s near-term maturities and liquidity […]
Class Action Filed Against New Fortress Energy
(Levi & Korsinsky, 20.Sep.2024) — Levi & Korsinsky, LLP notifies investors in New Fortress Energy Inc. of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of New Fortress investors who were adversely affected by alleged securities fraud between 29 Feb. 2024 and 8 Aug. 2024. Follow the link to get more […]
NFE’s Fast LNG Asset Receives DOE Long-Term Authorization
(New Fortress Energy, 3.Sep.2024) — New Fortress Energy Inc. has received authorization from the United States Department of Energy (DOE) to export up to ~1.4 million tonnes per annum of LNG to non-Free Trade Agreement countries from its Fast LNG 1 (FLNG 1) asset located offshore Altamira, Mexico for a term of five years. […]
Fast LNG Asset Resumes Production After Scheduled Maintenance Outage
(New Fortress Energy, 19.Aug.2024) — New Fortress Energy Inc. announced that the scheduled maintenance outage of our 1.4 mtpa Fast LNG 1 asset located offshore Altamira, Mexico (FLNG) has been completed, and the FLNG unit has returned to production as scheduled this morning. This planned outage followed the significant milestone […]
Mexico’s First LNG Cargo Sails, Launching New Business for Pipes
(East Daley, 16.Aug.2024) — New Fortress Energy (NFE) has loaded the first cargo from its floating LNG platform offshore Altamira, Mexico. The start-up of Mexico’s first liquefaction project will contribute new demand at the Agua Dulce hub in South Texas and boost business for two pipelines in particular. In a […]
Fitch Downgrades NFE’s IDR to ‘B+’
(Fitch, 12.Aug.2024) — Fitch Ratings has downgraded New Fortress Energy Inc.’s (NFE) Long-Term Issuer Default Rating (IDR) to ‘B+’ from ‘BB-‘ and has placed it on Rating Watch Negative. The senior secured debt has been downgraded to ‘B+’/’RR4’ from ‘BB-‘/’RR4’. ‘RR4’ denotes average recovery in the event of default. The […]
New Fortress Reports on 2Q:24 Results, Fast LNG
(New Fortress, 9.Aug.2024) — New Fortress Energy Inc. reported its financial results for the second quarter of 2024. Summary Highlights — Adjusted EBITDA(1) of $120mn in the second quarter of 2024 — Second quarter results do not include $107mn of contracted LNG sales during the quarter, which will be included in Adjusted EBITDA and earnings […]
New Fortress Closes $700mn Loan for Second FLNG Unit
(New Fortress, 17.Jul.2024) — New Fortress Energy Inc. announced that after successfully producing LNG at its first FLNG unit (“FLNG 1”), the company has closed its previously announced $700mn loan for its second FLNG unit (“FLNG 2”). Now operational, FLNG 1 expects to deliver its first cargo in August and enter […]
Pennybacker Acquires Miami LNGÂ Business
(Pennybacker Capital, 9.Jul.2024) — Pennybacker Capital Management, LLC, a real assets investment manager, has entered into a definitive agreement to acquire a small-scale LNG business (Miami Facility) based in Miami, Florida, from New Fortress Energy Inc. Financial terms were not disclosed. The transaction is expected to close in the third quarter of […]
New Fortress to Sell Miami Liquefaction and Storage Facility
(New Fortress, 1.Jul.2024) — New Fortress Energy Inc. has entered into a definitive agreement to sell its liquefaction and storage facility in Miami, Florida to a U.S. middle-market infrastructure fund. The transaction is expected to close in the third quarter of 2024 subject to customary terms and conditions. The Miami […]
NFE Eyes First LNG in Days, First Cargo in July
(Energy Analytics Institute, 14.Jun.2024) — New Fortress Energy (NFE) updated the timing of its first LNG expectation for its first Fast LNG unit located offshore Altamira, Mexico. The company has made tremendous progress on its path towards the start of liquefaction operations, it said 14 Jun. 2024 in an official […]
New Fortress Receives Customs Ruling for Its FLNG Facility
(New Fortress, 29.Jan.2024) — New Fortress Energy Inc. (NASDAQ: NFE) (announced that U.S. Customs and Border Protection has issued a ruling confirming that the transportation of LNG produced at the company’s FLNG facility located offshore Altamira, Mexico by non-U.S. qualified vessels would not violate the Jones Act. As a result of this ruling, NFE is now […]
New Fortress to Charter FSRU for LNG Import Terminal in Brazil
(Reuters, 6.Nov.2023) — Liquefied natural gas (LNG) developer New Fortress Energy said on Monday it has signed a deal to charter a floating storage and regasification unit (FSRU) from Brazil’s Petrobras starting in December. The company said FSRU Energos Winter will be immediately deployed to Terminal Gas Sul (TGS), New […]
Mexico’s First LNG Plant to Receive Final Piece in Days
(Reuters, 22.Sep.2023) — The last major piece of infrastructure needed to start production at Mexico’s first floating liquefied natural gas (LNG) plant is set to depart from a Texas shipyard next week, the U.S. Coast Guard said in a notice to shippers. LNG developer New Fortress Energy (NFE.O) is planning to begin […]
New Fortress Gets Export Approval for Altamira Fast LNG
(New Fortress Energy, 2.Jun.2023) — New Fortress Energy Inc. (NASDAQ: NFE) has received an export permit for its Altamira Fast LNG facility from Mexico’s Ministry of Energy (SecretarĂa de EnergĂa (SENER)). Under the permit granted by SENER, NFE is now authorized to export up to 7.8 million metric tons through […]
NFE Finalizes Deals with Pemex Regarding Lakach Offshore Gas Field
(New Fortress Energy, 22.Nov.2022) — New Fortress Energy Inc. (NASDAQ: NFE) has finalized its agreements with PetrĂłleos Mexicanos (Pemex), Mexico’s state-owned oil company, to develop and operate an integrated upstream and natural gas liquefaction project off the coast of Veracruz in Southeastern Mexico. The agreements comprise a long-term strategic partnership, expressly supported by His Excellency […]
NFE and Apollo Complete $2bn LNG Maritime JV
(New Fortress Energy, 15.Aug.2022) — New Fortress Energy Inc. (NASDAQ: NFE) and Apollo (NYSE: APO) have completed the previously announced Joint Venture, establishing a platform which now owns and operates 11 liquefied natural gas (“LNG”) infrastructure vessels consisting of Floating Storage and Regasification assets, Floating Storage vessels and LNG carriers. […]
Mexico Plans to be LNG Export Hub with US Gas
(Bloomberg, 15.Aug.2022) — Mexico — which imports nearly all of the natural gas it burns — has laid out a somewhat surprising mission: to become one of the world’s top exporters of the fuel, and fast. Although natural gas exports from Mexico are today non-existent, seeing as it produces too little of the power-plant […]
NFE and Apollo Funds to Form New JV; Deal Valued at $2bn
(New Fortress Energy, 5.Jul.2022) — New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) and Apollo (NYSE: APO) today announced that they have entered into a definitive Equity Purchase and Contribution Agreement (the “Purchase and Contribution Agreement”) to sell 11 LNG infrastructure vessels owned by NFE to a newly formed joint venture (the […]
NFE Signs Deal with CFE to Expand Supply of Natural Gas to Baja
(New Fortress Energy, 5.Jul.2022) — New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) today announced that it has entered into an agreement with ComisiĂłn Federal de Electricidad (“CFE”) as part of a growing strategic alliance supported by His Excellency AndrĂ©s Manuel LĂłpez Obrador, the President of Mexico, and by Manuel Bartlett, the CEO of […]
NFE Inks Deal with Pemex for Lakach Field, FLNG Deployment Solution
(New Fortress Energy, 5.Jul.2022) — New Fortress Energy Inc. today announced that it has signed an agreement with PetrĂłleos Mexicanos (Pemex) to form a long-term strategic partnership that benefits from the complementary capabilities of each company. The partnership is expressly supported by His Excellency AndrĂ©s Manuel LĂłpez Obrador, the President of Mexico, and by Octavio […]
NFE Announces LNG SPA with Venture Global LNG
(New Fortress Energy, 16.Mar.2022) — New Fortress Energy Inc. (NASDAQ: NFE) announced the execution of two 20-year Sale and Purchase Agreements (SPA) with Venture Global LNG. Under the deals, Venture Global will supply 2 million tonnes per annum (MTPA) of LNG on a free on board (FOB) basis from its LNG […]
Venture Global Reveals New Sales Deals for Plaquemines and CP2 LNG
(Venture Global LNG, 16.Mar.2022) — Venture Global LNG executed two new long-term 20-year Sales and Purchase Agreements (SPAs) with New Fortress Energy Inc. (NASDAQ: NFE), including 1 million tonnes per annum (MTPA) from Plaquemines LNG and 1 MTPA from CP2 LNG. This is the first SPA for the CP2 LNG facility, […]
NFE Signs MOU with Mauritania for Fast LNG And Gas-to-Power Project
(New Fortress Energy, 21.Dec.2021) — New Fortress Energy Inc. (NASDAQ: NFE) announced execution of a Memorandum of Understanding (MOU) with the Islamic Republic of Mauritania for the development of an Energy Hub, including natural gas, power, liquefied natural gas (LNG) and blue ammonia, utilizing existing offshore gas reserves off the […]
New Fortress Secures LNG Supply
(New Fortress, 6.Jul.2021) — New Fortress Energy Inc. (NASDAQ: NFE) reached an agreement for liquefied natural gas (LNG) supply that will cover the remaining volumes for NFE’s existing natural gas and electricity businesses through the end of 2027. “This transaction secures our LNG supply for the next several years across […]
Sagicor Group Jamaica Finances Leaseback
(Sagicor, 17.Jun.2021) — Sagicor Group Jamaica will be structuring a $285mn sale and leaseback of the combined heat and power plant in Clarendon owned by New Fortress Energy Inc. (NASDAQ: NFE). The transaction will be the largest corporate financing in Jamaica’s history. As anchor investors in the transaction, Sagicor Group […]
Maersk Divesting Jack-ups Guardian And Gallant
(Maersk, 17.May.2021) — Maersk Drilling has sold the jack-up rig Maersk Guardian (now named Guardian) to New Fortress Energy, and the parties have further entered into an agreement about the sale of the jack-up rig Mærsk Gallant with anticipated closing in June 2021. The total sales price for the two […]
New Fortress Energy planning Nasdaq listing
(Jamaica Gleaner, Steven Jackson, 14.Nov.2018) — New Fortress Energy, the American company that develops gas infrastructures and supplies natural gas to Jamaica, has considered listing its shares on the Nasdaq stock exchange, but has redacted the pricing and amount set for the initial public offering. It was unclear up to […]
New Fortress Builds On LNG Presence With Irish, Mexican Projects
(LNG World Shipping, Mike Corkhill, 4.Sep.2018) — New Fortress Energy has added two major LNG import projects to its portfolio, as part of its drive to bring the benefits of clean-burning gas to new markets New Fortress Energy (NFE) has agreed to buy a site at Ballylongford in Ireland’s County […]
U.S. Co. Wins Contract for Mexico LNG Project
(Natural Gas Intelligence, Peter de Montmollin, 22.Aug.2018) — A U.S. company has secured a long-term contract to build a liquefied natural gas (LNG) import project on the southern tip of Mexico’s Baja California peninsula, a region isolated from the country’s main energy transmission systems. New Fortress Energy (NFE) won a […]
New Fortress to Build $184 Mln LNG Terminal in BCS
(MexicoNow, 20.Aug.2018) – U.S. energy infrastructure developer New Fortress Energy (NFE) announced that it was awarded a long-term contract for the development, construction and operation of a terminal dedicated to the import of liquefied natural gas (LNG) in the port of Pichilingue, Baja California Sur. This contract was the result […]
New Fortress Invests $400 Mln in Pilot Project
(Jamaica Observer, 15.Jul.2018) – New Fortress Energy announced on Friday a new partnership with Jamaica Urban Transit Company (JUTC) for the introduction of the first natural gas-powered buses in Jamaica, which will significantly reduce emissions, pollution, maintenance and fuel costs. As part of the partnership with the Government of Jamaica, […]