New Fortress Energy Inc.
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About
New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The Company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities.
Editor's note: Updated Jan. 11, 2021.
Transactions
New Fortress, Apollo Close $2 Billion LNG JV Launching Energos
New Fortress, Apollo Close $2 Billion LNG JV Launching Energos
New Fortress Bets on Brazil’s LNG Growth with $5 Billion Worth of Deals
New Fortress Bets on Brazil’s LNG Growth with $5 Billion Worth of Deals
New Fortress Bets on Brazil’s LNG Growth with $5 Billion Worth of Deals
New Fortress Bets on Brazil’s LNG Growth with $5 Billion Worth of Deals
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New Financings
Executed a term loan facility secured by eight company vessels with an initial borrowing of $430 million…
Launched proposed private offering of senior secured notes due 2026. A portion of the proceeds will be…
Launched an underwritten public offering of shares of its Class A common stock. Underwriters have the…
Intends to offer additional senior secured notes due 2025 in a private offering, subject to market…
New Fortress Energy LLC has executed a fully committed $800 million term loan facility provided…
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News
New Fortress’ Fast LNG 1 Running Again Following Maintenance
New Fortress Energy's FLNG1 site will now ramp up and hit full production by September, company officials reported.
Mexico’s Fast LNG Ships Out First Cargo—for Mexico
New Fortress Energy’s Fast LNG 1 project in Mexico will take an international route to a domestic destination.
Fitch Downgrades New Fortress’ Default Rating, Citing Refinancing Risk
New Fortress Energy’s issuer default rating and senior secured debt were downgraded by Fitch, which cited a “highly constrained liquidity position,” as a reason behind its rating actions.
New Fortress’ FLNG Asset Achieves First LNG Offshore Mexico
New Fortress Energy’s Fast LNG asset has a production capacity of 1.4 million tonnes per annum.
New Fortress Energy Sells Small-scale Florida LNG Unit
New Fortress Energy is selling a small-scale liquefaction and storage facility in Miami, Florida, to an unnamed buyer.
New Fortress Expects First LNG from Unit Offshore Mexico in a Matter of Days
New Fortress Energy Inc. is expecting first LNG by the end of the month for its first Fast LNG unit located offshore Altamira, Mexico.
Developer Seeks Permit to Send US Gas to Mexico for LNG Exports
The project is the latest in a series of developments to convert U.S. gas into LNG and export it from Mexico's Atlantic and Pacific coasts to meet global demand.
Dispatch from the LNG Front: Development Not ‘Paused’ so much as Slowed
Analysts: Low prices may stall upcoming gas gathering projects that are needed for an expected boom.
New Fortress Energy Acquires 1.6 GW Capacity Reserve Contract
New Fortress Energy now has over 2.2 gigawatts of contracted power at Barcarena, Brazil, after acquiring a contract from Ceiba Energy.
New Fortress Energy Sells Two Power Plants to Puerto Rico
New Fortress Energy sold two power plants to the Puerto Rico Electric Power Authority to provide cleaner and lower cost energy to the island.
New Fortress Starts Barcarena LNG Terminal Operations in Brazil
New Fortress’ facility consists of an offshore terminal and an FSRU that will supply LNG to several customers.
Apollo Buys Out New Fortress Energy’s 20% Stake in LNG Firm Energos
New Fortress Energy will sell its 20% stake in Energos Infrastructure, created by the company and Apollo, but maintain charters with LNG vessels.
US Customs Rules New Fortress’ FLNG Facility Does Not Violate Jones Act
New Fortress Energy’s FLNG facility offshore Mexico can now sell and deliver LNG to U.S. locations.
Avenir LNG Secures Two Charter Agreements for Supply Vessels
Avenir LNG, a small-scale LNG supplier, entered contracts with subsidiaries of Petronas and New Fortress Energy.
New Fortress Energy Closes $856 Million Loan Credit Facility
New Fortress Energy will use the net proceeds to invest in projects and repay its existing bridge facility.