The company sources natural gas through open market purchases and plans to meet demand from 2027 onward via long-term supply contracts indexed to Henry Hub plus a fixed fee. Its fleet includes two floating storage and regasification units and seven liquefied natural gas carriers and floating storage units, six of which are owned by Energos Infrastructure. The company leases, owns, or charters vessels, including those from Energos. Its facilities comprise a micro-fuel handling facility in San Juan, Puerto Rico, and an LNG receiving facility and gas-fired power plant in La Paz, Mexico, with ongoing developments in Nicaragua and Ireland. The company sold its Jamaica business, which included LNG import and floating storage terminals and a power plant, for approximately $678.5 million plus escrow, using the proceeds to repay bonds and transaction costs. Additionally, it completed a turbine sale-leaseback transaction in Puerto Rico for $265.9 million to reduce indebtedness. The company constructs natural gas and power facilities in regions with significant demand, aiming to establish target markets and supply under long-term contracts. Suppliers identified in filings include Energos Infrastructure.
New Fortress Energy Inc's Comment on Supply Chain
The company sources natural gas through open market purchases and plans to meet demand from 2027 onward via long-term supply contracts indexed to Henry Hub plus a fixed fee. Its fleet includes two floating storage and regasification units and seven liquefied natural gas carriers and floating storage units, six of which are owned by Energos Infrastructure. The company leases, owns, or charters vessels, including those from Energos. Its facilities comprise a micro-fuel handling facility in San Juan, Puerto Rico, and an LNG receiving facility and gas-fired power plant in La Paz, Mexico, with ongoing developments in Nicaragua and Ireland. The company sold its Jamaica business, which included LNG import and floating storage terminals and a power plant, for approximately $678.5 million plus escrow, using the proceeds to repay bonds and transaction costs. Additionally, it completed a turbine sale-leaseback transaction in Puerto Rico for $265.9 million to reduce indebtedness. The company constructs natural gas and power facilities in regions with significant demand, aiming to establish target markets and supply under long-term contracts. Suppliers identified in filings include Energos Infrastructure.
Sources:
New Fortress Energy Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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