New Fortress Energy

New Fortress Agrees to Put Marcellus LNG Facility On Hold

New Fortress Agrees to Put Marcellus LNG Facility On Hold

A liquefied natural gas (LNG) facility planned in northeasteastern Pennsylvania, designed to tap into the Marcellus Shale, has for now been put on hold after the developer reached a settlement with environmental groups. The settlement announced Monday by Pennsylvania-based environmental group PennFuture and other national organizations outlines plans for the facility’s developer to allow its…

March 22, 2022
New Fortress Renews $766M LNG Project for Ireland with ‘Future-Proofed’ Hydrogen Option

New Fortress Renews $766M LNG Project for Ireland with ‘Future-Proofed’ Hydrogen Option

U.S. liquefied natural gas (LNG) developer New Fortress Energy Inc. is reviving plans to build a $766 million import terminal in Ireland, this time with a “future-proofed” design that would allow it to transition to hydrogen gas in the coming years. A spokesperson for New Fortress said last week the company plans to file a…

September 1, 2021
New Fortress Lands More Brazilian Customers on Natural Gas Shortages, Record Imports

New Fortress Lands More Brazilian Customers on Natural Gas Shortages, Record Imports

New Fortress Energy Inc. said it had few issues in the second quarter signing up customers for liquefied natural gas (LNG) and power generation assets that it is developing in Brazil, where energy demand has set records this year.  NFE said it inked eight sales agreements for 5.8 million gallons/day of LNG to underpin import…

August 10, 2021
New Fortress Energy Signs Deal to Supply LNG for Two Power Plants in Mexico

New Fortress Energy Signs Deal to Supply LNG for Two Power Plants in Mexico

New Fortress Energy Inc. (NFE) said Monday it has signed an agreement to supply natural gas to two power plants owned by Mexican state power utility Comisión Federal de Electricidad (CFE) in Mexico’s difficult-to-reach Baja California Sur (BCS) state. NFE will supply the equivalent of about 250,000-500,000 gallons (20,000-40,000 MMBtu)/d of liquefied natural gas (LNG)…

March 30, 2021
New Fortress Energy Unveils Plans for FLNG, Southeast Asia Projects

New Fortress Energy Unveils Plans for FLNG, Southeast Asia Projects

New York City-based New Fortress Energy LLC (NFE) continues to pursue rapid growth in underserved natural gas markets across the world, announcing plans to enter the offshore liquefaction space and build an import terminal in Southeast Asia.  The company, which is focused on delivering liquefied natural gas (LNG) to markets that lack access to the…

March 19, 2021
New Fortress Gains Foothold in Brazil, Adds LNG Shipping in $5B Acquisition

New Fortress Gains Foothold in Brazil, Adds LNG Shipping in $5B Acquisition

New Fortress Energy Inc. said Wednesday it is acquiring Golar LNG Partners LP (GMLP) and Hygo Energy Transition Ltd. in a deal valued at $5 billion that expands operations in Latin America and provides liquefied natural gas (LNG) shipping assets.  Hygo is a 50-50 joint venture between Golar LNG Ltd. and a fund managed by…

January 13, 2021
New Jersey LNG Export Terminal Wins Key Regulatory Approval

New Jersey LNG Export Terminal Wins Key Regulatory Approval

A small-scale liquefied natural gas (LNG) export terminal proposed for New Jersey has cleared another regulatory hurdle after the Delaware River Basin Commission (DRBC) this week voted to uphold a decision approving a key part of the project.  DRBC, a quasi-regulatory agency involving four states and the U.S. government that oversees the Delaware River watershed,…

December 10, 2020
New Fortress Delays Start-Up of Mexico, Nicaragua LNG Projects to 2021

New Fortress Delays Start-Up of Mexico, Nicaragua LNG Projects to 2021

New Fortress Energy Inc. (NFE) has pushed back in-service dates for liquefied natural gas (LNG) projects in Mexico and Nicaragua to early next year.  The company had expected to finish an onshore LNG import terminal and merchant power plant in Baja California Sur, Mexico, and a natural gas-fired power plant in Nicaragua by the end…

November 5, 2020
Small-Scale New Jersey LNG Export Project Stymied by DRBC

Small-Scale New Jersey LNG Export Project Stymied by DRBC

The Delaware River Basin Commission (DRBC) on Thursday voted to suspend approval for key parts of a small liquefied natural gas (LNG) export project in New Jersey.  The DRBC, a quasi-regulatory agency involving four states and the U.S. government that oversees the Delaware River watershed, stayed the decision it made last summer allowing a New…

September 10, 2020
New Fortress Sees LNG Sales Increasing as Operations Ramp Through Year’s End

New Fortress Sees LNG Sales Increasing as Operations Ramp Through Year’s End

New Fortress Energy LLC said Monday that the Covid-19 pandemic did not slow its growth during the second quarter as the company continued to bring new operations online. Year/year revenue increased to $94.6 million from $39.8 million as NFE went from “a company in development to an operating business,” said CEO Wes Edens.  The company…

August 3, 2020