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New Fortress Energy Provides Update on its Initial FLNG Asset

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New Fortress Energy (NFE) has announced a significant milestone for its initial Fast LNG asset located offshore Altamira, Mexico. The company's FLNG asset has achieved First Full Cargo & Sail Away, with its first full LNG cargo fully loaded onto the Energos Princess and setting sail for Europe.

Wes Edens, Chairman and CEO of New Fortress Energy, emphasized the importance of this achievement, stating that natural gas and power supply are critical components of a sustainable, affordable, and cleaner energy system. He expressed excitement about the company's ability to provide its own gas supply to world markets and customers.

New Fortress Energy (NFE) ha annunciato un traguardo significativo per il suo primo asset di Fast LNG situato al largo di Altamira, in Messico. L'asset FLNG dell'azienda ha raggiunto Primo Carico Completo & Partenza, con il suo primo carico completo di LNG completamente caricato sulla Energos Princess e salpato per l'Europa.

Wes Edens, Presidente e CEO di New Fortress Energy, ha sottolineato l'importanza di questo traguardo, affermando che la fornitura di gas naturale e energia è un componente critico di un sistema energetico sostenibile, accessibile e più pulito. Ha espresso entusiasmo per la capacità dell'azienda di fornire la propria fornitura di gas ai mercati mondiali e ai clienti.

New Fortress Energy (NFE) ha anunciado un hito significativo para su primer activo de Fast LNG ubicado en alta mar Altamira, México. El activo FLNG de la compañía ha alcanzado Primer Carga Completa & Salida, con su primera carga completa de LNG completamente cargada en el Energos Princess y zarpando hacia Europa.

Wes Edens, Presidente y CEO de New Fortress Energy, enfatizó la importancia de este logro, afirmando que el gas natural y el suministro de energía son componentes críticos de un sistema energético sostenible, asequible y más limpio. Expresó su entusiasmo por la capacidad de la empresa para proporcionar su propio suministro de gas a los mercados y clientes del mundo.

뉴 포트리스 에너지 (NFE)는 멕시코 알타미라 근 offshore에 위치한 초기 Fast LNG 자산에 대한 중요한 이정표를 발표했습니다. 회사의 FLNG 자산은 첫 번째 전체 적재 및 출항을 달성하여 첫 번째 전체 LNG 화물이 Energos Princess에 완전히 적재되고 유럽으로 출항했습니다.

뉴 포트리스 에너지의 회장 겸 CEO인 Wes Edens는 이 성취의 중요성을 강조하며, 천연 가스와 전력 공급이 지속 가능하고 저렴하며 보다 깨끗한 에너지 시스템의 중요한 구성 요소라고 말했습니다. 그는 회사가 세계 시장과 고객에게 자체 가스 공급을 제공할 수 있는 능력에 대한 기대감을 표명했습니다.

New Fortress Energy (NFE) a annoncé une étape importante pour son premier actif de Fast LNG situé au large d'Altamira, au Mexique. L'actif FLNG de l'entreprise a atteint Première Charge Complète & Départ, avec sa première charge complète de LNG entièrement chargée sur le Energos Princess et naviguant vers l'Europe.

Wes Edens, Président et CEO de New Fortress Energy, a souligné l'importance de cette réalisation, affirmant que le gaz naturel et l'approvisionnement en énergie sont des éléments critiques d'un système énergétique durable, abordable et plus propre. Il a exprimé son enthousiasme quant à la capacité de l'entreprise à fournir son propre approvisionnement en gaz aux marchés et clients mondiaux.

New Fortress Energy (NFE) hat einen bedeutenden Meilenstein für sein erstes Fast-LNG-Asset vor der Küste von Altamira, Mexiko, bekannt gegeben. Das FLNG-Asset des Unternehmens hat Erste Vollladung & Abfahrt erreicht, indem die erste volle LNG-Ladung vollständig auf die Energos Princess verladen wurde und nun nach Europa segelt.

Wes Edens, Vorstandsvorsitzender und CEO von New Fortress Energy, betonte die Bedeutung dieses Erfolgs und erklärte, dass Erdgas und Energieversorgung wesentliche Bestandteile eines nachhaltigen, erschwinglichen und saubereren Energiesystems sind. Er äußerte seine Begeisterung über die Fähigkeit des Unternehmens, seine eigene Gasversorgung an Weltmärkte und Kunden bereitzustellen.

Positive
  • Achieved First Full Cargo & Sail Away milestone for initial FLNG asset
  • First full LNG cargo loaded and en route to Europe
  • Demonstrates operational capability in LNG production and export
Negative
  • None.

Insights

The successful loading and departure of the first full LNG cargo from NFE's Fast LNG asset marks a significant operational milestone for the company. This achievement demonstrates NFE's ability to execute on its innovative Fast LNG strategy, potentially accelerating time-to-market for LNG production compared to traditional projects.

The shipment to Europe is particularly noteworthy given the current high demand for LNG in that market due to geopolitical factors. This could position NFE to capitalize on favorable pricing dynamics in the short term. Long-term, the company's ability to rapidly deploy LNG production assets may provide a competitive advantage in securing new projects and meeting growing global demand for natural gas.

While this news is positive for NFE's operational progress, investors should monitor future updates on production rates, operational efficiency and contract announcements to fully assess the financial impact of this FLNG asset on the company's performance.

NEW YORK--(BUSINESS WIRE)-- New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) today is pleased to provide an update on its initial Fast LNG asset located offshore Altamira, Mexico (“FLNG”).

NFE’s FLNG asset has achieved First Full Cargo & Sail Away, with its first full LNG cargo fully loaded onto the Energos Princess and setting sail for Europe.

“This is a significant milestone for our Fast LNG installation. Natural gas and power supply are critical components of a sustainable, affordable, and cleaner energy system and we’re excited to be able to provide our own gas supply to the world markets and our customers,” 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.

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Source: New Fortress Energy Inc.

FAQ

What milestone has New Fortress Energy (NFE) achieved with its FLNG asset?

New Fortress Energy (NFE) has achieved First Full Cargo & Sail Away with its initial Fast LNG asset located offshore Altamira, Mexico. The first full LNG cargo has been loaded onto the Energos Princess and is setting sail for Europe.

Where is New Fortress Energy's (NFE) initial FLNG asset located?

New Fortress Energy's (NFE) initial Fast LNG asset is located offshore Altamira, Mexico.

What is the destination of the first LNG cargo from NFE's FLNG asset?

The first LNG cargo from New Fortress Energy's (NFE) FLNG asset is setting sail for Europe.

What is the name of the vessel carrying NFE's first full LNG cargo?

The vessel carrying New Fortress Energy's (NFE) first full LNG cargo is named Energos Princess.

New Fortress Energy Inc.

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