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NEW YORK, November 6, 2023–(BUSINESS WIRE)–New Fortress Energy Inc. (NASDAQ: NFE) announced that it has signed a definitive agreement to charter Petrobras’ Energos Winter regasification unit and floating garage (“FSRU”). Starting in December 2023. La FSRU Energos Winter will be deployed at Terminal Gas Sul (“TGS”), NFE’s latest LNG import terminal in Santa Catarina, Brazil, which will begin operations earlier than expected in January 2024.
“We are incredibly pleased to participate in this agreement with Petrobras and to start operations at the TGS terminal in Santa Catarina, Brazil, ahead of schedule in January 2024. The TGS terminal represents a unique opportunity for strong expansion for NFE, as connection to the gas pipeline system in southern Brazil offers a varied set of near-term opportunities for the supply of electric power and fuel,” said Andrew Dete, CEO of New Fortress Energy.
The Energos Winter will be subleased through NFE for the remainder of Petrobras’ contract with Energos’ infrastructure, and then leased through NFE on a long-term basis with Energos. This will allow NFE to start trading operations at TGS in January. 2024 and continue uninterrupted service for the long term. Energos Infrastructure, which owns Energos Winter, is 80% owned through controlled budgeting through Apollo and 20% through NFE.
The transactions described in this press are subject to standard terms and conditions.
About New Fortress Energy Inc.
New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to address energy poverty and drive the global transition to reliable, affordable, and clean energy. The company owns and operates natural gas and liquefied natural gas (LNG). infrastructure, as well as a built-in fleet of vessels and logistics assets to provide turnkey energy responses to global markets. Together, the company’s assets and operations strengthen global energy security, enable economic growth, improve environmental stewardship, and reshape local industries and communities around the world. .
Cautionary Note Regarding Forward-Looking Statements
This communication includes forward-looking statements. All statements in this communication that are not past data are forward-looking statements involving known and unknown dangers and relate to long-term events, our long-term monetary functionality or our projected business results. You can identify those forward-looking statements through words such as “expects,” “may,” “will,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative of those terms or other comparable words. Forward-looking statements include, but are not limited to: expectations similar to the maintenance and repair of frames in Puerto Rico’s power formula and grid; ability to grill skills in Puerto Rico; the project’s ability to transition to a cleaner, more affordable, and more reliable force formula; and the satisfaction of terms and situations relating to transactions.
These forward-looking statements are necessarily estimates based on existing data and involve a number of dangers, uncertainties and other matters, many of which are beyond the control of the Company. Actual effects or events would likely differ materially from the effects anticipated in such forward-looking statements. Specific points that may also cause actual effects to differ from those indicated in the forward-looking statements include, but are not limited to: similar unknown and unexpected hazards at the time of development, structure or commissioning of the facilities, adding compliance with design specifications and engineering. Incompatibility of array systems, delays and schedule changes, maximum prices and expenses and regulatory and legal challenges, among others; receipt of permits, approvals and authorizations from governmental and regulatory agencies in a timely manner or none at all; we will not be able to operationalize our plans for allocations and discharge the expected benefits; non-unusual hazards relevant to successful business integration; the violation or non-compliance by the parties of the commitments and obligations derived from the agreements; non-payment or breach of obligations by the parties; inability to obtain expected benefits from the assignment or our partnerships; adverse regional, domestic or foreign economic situations, adverse capital market situations and adverse political developments; business interruption as a result of the transaction; and the impact of public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics and any similar corporate or government policies and movements intended to protect the health and safety of Americans or any government policies or actions directed to maintain the functioning of national systems. or global economies and markets. These points are not necessarily all vital points that may also cause actual effects to differ materially from those expressed in NFE’s forward-looking statements. Other known or unforeseeable problems may also have an adverse effect on long-term effects.
Any forward-looking statements speak only as of the date they are made, and we assume no legal responsibility to update or revise any forward-looking statements, even if our cases may be replaced in the future. From time to time new points come up and it is unimaginable that the Company is waiting for all those points. In contemplating such forward-looking statements, it is worth bearing in mind the threat points and other caveats included in New Fortress Energy Inc. ‘s annual and quarterly reports. filed with the Securities and Exchange Commission, which may also cause actual effects to differ materially.
See the businesswire. com edition: https://www. businesswire. com/news/home/20231106408637/en/
Contacts
InvestorsChance Pipitoneir@newfortressenergy. com
Mediapress@newfortressenergy. com