New Fortress Energy Announces Closing of $700 Million Loan for Second FLNG Unit
New Fortress Energy (NASDAQ: NFE) has announced the closing of a $700 million loan for its second Floating Liquefied Natural Gas (FLNG) unit. This follows the successful LNG production at their first FLNG unit, which is expected to deliver its first cargo in August. The new loan will fully fund the construction of FLNG 2, to be developed in partnership with Comisión Federal de Electricidad in Altamira, Mexico. FLNG 2 will use the same proprietary modular technology as FLNG 1 and is anticipated to complete construction in the first half of 2026. NFE's Chairman and CEO, Wes Edens, emphasized the rapid advancement of their FLNG complex and its significant contribution to the company's financial and operational value.
New Fortress Energy (NASDAQ: NFE) ha annunciato la chiusura di un prestito di 700 milioni di dollari per la sua seconda unità di Gas Naturale Liquefatto Galleggiante (FLNG). Questo arriva dopo la produzione di successo di GNL nella loro prima unità FLNG, la quale dovrebbe consegnare il suo primo carico ad agosto. Il nuovo prestito finanzierà completamente la costruzione di FLNG 2, che sarà sviluppata in partnership con la Comisión Federal de Electricidad ad Altamira, Messico. FLNG 2 utilizzerà la stessa tecnologia modulare proprietaria della FLNG 1 e si prevede che la costruzione sia completata nel primo semestre del 2026. Il presidente e CEO di NFE, Wes Edens, ha sottolineato il rapido sviluppo del loro complesso FLNG e il suo significativo contributo al valore finanziario e operativo dell'azienda.
New Fortress Energy (NASDAQ: NFE) ha anunciado el cierre de un préstamo de 700 millones de dólares para su segunda unidad de Gas Natural Licuado Flotante (FLNG). Esto sigue a la exitosa producción de GNL en su primera unidad FLNG, que se espera entregue su primer cargamento en agosto. El nuevo préstamo financiará completamente la construcción de FLNG 2, que se desarrollará en asociación con la Comisión Federal de Electricidad en Altamira, México. FLNG 2 utilizará la misma tecnología modular patentada que FLNG 1 y se anticipa que la construcción se complete en el primer semestre de 2026. El presidente y CEO de NFE, Wes Edens, enfatizó el avance rápido de su complejo FLNG y su significativa contribución al valor financiero y operativo de la empresa.
New Fortress Energy (NASDAQ: NFE)는 두 번째 부유 액화 천연가스(FLNG) 유닛을 위한 7억 달러 대출의 마감을 발표했습니다. 이는 첫 번째 FLNG 유닛에서 성공적인 액화천연가스(LNG) 생산 후 진행된 것으로, 해당 유닛은 8월에 첫 번째 화물을 인도할 것으로 예상됩니다. 새로운 대출은 멕시코 알타미라에서 Comisión Federal de Electricidad와 협력하여 개발될 FLNG 2의 건설을 전액 자금 지원합니다. FLNG 2는 FLNG 1과 동일한 독점 모듈식 기술을 사용할 것이며 2026년 상반기에 건설이 완료될 것으로 예상됩니다. NFE의 회장 겸 CEO인 Wes Edens는 FLNG 단지의 빠른 발전과 회사의 재무 및 운영 가치에 대한 중요한 기여를 강조했습니다.
New Fortress Energy (NASDAQ: NFE) a annoncé la clôture d'un prêt de 700 millions de dollars pour sa deuxième unité de gaz naturel liquéfié flottant (FLNG). Cela fait suite à la production réussie de GNL de leur première unité FLNG, qui devrait livrer sa première cargaison en août. Le nouveau prêt financera entièrement la construction de FLNG 2, qui sera développée en partenariat avec la Comisión Federal de Electricidad à Altamira, au Mexique. FLNG 2 utilisera la même technologie modulaire propriétaire que FLNG 1 et devrait finir sa construction au premier semestre 2026. Le président et CEO de NFE, Wes Edens, a souligné l'avancement rapide de leur complexe FLNG et sa contribution significative à la valeur financière et opérationnelle de l'entreprise.
New Fortress Energy (NASDAQ: NFE) hat den Abschluss eines Darlehens in Höhe von 700 Millionen US-Dollar für seine zweite Einheit für schwimmendes verflüssigtes Erdgas (FLNG) bekannt gegeben. Dies folgt auf die erfolgreiche LNG-Produktion in ihrer ersten FLNG-Einheit, die voraussichtlich im August ihre erste Lieferung erhalten wird. Das neue Darlehen wird die vollständige Finanzierung des Baus von FLNG 2 ermöglichen, das in Partnerschaft mit der Comisión Federal de Electricidad in Altamira, Mexiko, entwickelt werden soll. FLNG 2 wird die gleiche proprietäre modulare Technologie wie FLNG 1 nutzen und voraussichtlich im ersten Halbjahr 2026 fertiggestellt werden. Der Vorsitzende und CEO von NFE, Wes Edens, betonte den raschen Fortschritt ihres FLNG-Komplexes und dessen wesentlichen Beitrag zum finanziellen und operativen Wert des Unternehmens.
- Successful LNG production at FLNG 1 with first cargo expected in August
- Secured $700 million loan to fully fund FLNG 2 construction
- Partnership with CFE for FLNG 2 development, utilizing existing infrastructure
- FLNG 2 expected to complete construction by first half of 2026
- None.
Insights
New Fortress Energy's successful closing of a
Additionally, the successful production of LNG at the first FLNG unit, with full production expected soon, validates New Fortress Energy's operational capabilities. The revenues generated from FLNG 1 will likely boost the company's financial health, providing a stable cash flow that can support further growth initiatives.
For retail investors, this is a positive development as it reduces financial risk and indicates that the company is on track with its strategic goals. The substantial investment in FLNG 2 also suggests potential for long-term revenue growth once the unit becomes operational in 2026.
The LNG market is experiencing robust growth, driven by rising global demand for cleaner energy alternatives. New Fortress Energy’s expansion with a second FLNG unit positions the company well to capitalize on this trend. Partnering with Comisión Federal de Electricidad (CFE) for the project in Altamira, Mexico, is strategic, leveraging existing infrastructure to streamline development and reduce costs.
The proprietary modular technology used in both FLNG units could offer competitive advantages in terms of flexibility, scalability and cost efficiency. This positions New Fortress Energy to be more agile in responding to market demands and could result in higher profit margins compared to traditional LNG facilities.
From a competitive standpoint, the company is strengthening its foothold in the LNG market, potentially increasing its market share. For investors, this indicates a strategic growth trajectory that aligns with global energy trends, making it a potentially attractive long-term investment.
The adoption of proprietary modular technology in New Fortress Energy's FLNG units is a noteworthy innovation in the LNG industry. Modular technology allows for faster construction times, reduced costs and easier scalability compared to conventional LNG plants. This technological edge not only enhances operational efficiency but also provides flexibility in expanding capacity as market demand grows.
The successful production of LNG at FLNG 1 demonstrates the viability of this technology, which can further enhance investor confidence. The ability to replicate this success in FLNG 2 will be important in establishing the technology’s reliability and performance over time.
For investors, the technical success and innovation represented by these FLNG units provide an additional layer of assurance regarding the company's future growth prospects. This tech-driven approach could also open up new opportunities for partnerships and projects in other regions, leveraging the same modular solutions.
The new loan will fully fund the construction of FLNG 2. FLNG 2 will be developed in partnership with Comisión Federal de Electricidad (“CFE”) utilizing its extensive in-place terminal infrastructure onshore in
“Our FLNG complex is advancing at a rapid pace as we have now produced LNG at our first unit, and fully financed our second. These are large infrastructure projects that add considerable financial and operational value to our Company and we are thrilled with the progress to date,” said Wes Edens, Chairman and CEO of New Fortress Energy.
About New Fortress Energy Inc.
New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to address energy poverty and accelerate the world’s transition to reliable, affordable, and clean energy. The Company owns and operates natural gas and liquefied natural gas (LNG) infrastructure and an integrated fleet of ships and logistics assets to rapidly deliver turnkey energy solutions to global markets. Collectively, the Company’s assets and operations reinforce global energy security, enable economic growth, enhance environmental stewardship and transform local industries and communities around the world.
Cautionary Language Regarding Forward-Looking Statements
This communication contains forward-looking statements. All statements contained in this communication other than historical information are forward-looking statements that involve known and unknown risks and relate to future events, our future financial performance or our projected business results. You can identify these forward-looking statements by the use of forward-looking words such as “expects,” “may,” “will,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative version of these terms or other comparable words. Forward looking statements include but are not limited to: expectations related to the full commercial operations of our first LNG asset and the new credit facility for the Company’s second FLNG asset.
These forward-looking statements are necessarily estimates based upon current information and involve a number of risks, uncertainties and other factors, many of which are outside of the Company’s control. Actual results or events may differ materially from the results anticipated in these forward-looking statements. Specific factors that could cause actual results to differ from those in the forward-looking statements include, but are not limited to: failure to receive the expected fixed payments under our contracts, unknown and unforeseen risks related to the Full commercial operation for our first LNG Asset, delays and schedule changes, high costs and expenses, and regulatory and legal challenges, among others; failure to receive expected financing on terms acceptable to NFE; receipt of permits, approvals and authorizations from governmental and regulatory agencies on a timely basis or at all; our inability to operationalize our plans for the projects and derive the benefits expected; common risks related to successful integration of the businesses; breach or failure by the parties to comply with the covenants and obligations under the agreements; nonpayment or nonperformance of obligations by the parties; inability to realize the anticipated benefits from the project or our partnerships; adverse regional, national, or international economic conditions, adverse capital market conditions and adverse political developments; business disruption following the transaction; and the impact of public health crises, such as pandemics and epidemics and any related company or government policies and actions to protect the health and safety of individuals or government policies or actions to maintain the functioning of national or global economies and markets. These factors are not necessarily all of the important factors that could cause actual results to differ materially from those expressed in any of NFE’s forward-looking statements. Other known or unpredictable factors could also have material adverse effects on future results.
Any forward-looking statement speaks only as of the date on which it is made, and we undertake no duty to update or revise these forward-looking statements, even though our situation may change in the future. New factors emerge from time to time, and it is not possible for the Company to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements included in NFE’s annual and quarterly reports filed with the Securities and Exchange Commission, which could cause its actual results to differ materially from those contained in any forward-looking statement.
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Source: New Fortress Energy Inc.
FAQ
What is the value of the loan New Fortress Energy (NFE) secured for its second FLNG unit?
When is NFE's first FLNG unit expected to deliver its first cargo?
Where will NFE's second FLNG unit be developed?
When is the expected completion date for NFE's second FLNG unit?
