NFE Schedules FLNG Investor Day in Texas

Rhea-AI Summary

New Fortress Energy (NASDAQ: NFE) will host an FLNG Investor Day at Kiewit Offshore Services shipyard in Corpus Christi, Texas, on November 2, 2022, at 10:00 A.M. Central Time. The event aims to showcase NFE's Fast LNG program and ongoing marine infrastructure conversions. NFE anticipates mechanical completion of its first FLNG unit by March 2023, with operations expected by mid-year. Space is limited, requiring interested parties to register by September 30, 2022. NFE focuses on global energy infrastructure to support energy security and economic growth.

Positive

• NFE plans to complete its first FLNG unit by March 2023.
• The FLNG Investor Day highlights NFE's construction efficiency and global energy solutions.

Negative

• Forward-looking statements indicate uncertainty regarding project completion and operational timelines.
• Risks associated with technology development may impact anticipated benefits.

NEW YORK--(BUSINESS WIRE)-- New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) announced today that the Company plans to host an FLNG Investor Day at the Kiewit Offshore Services (“KOS”) shipyard near Corpus Christi, Texas, on Wednesday, November 2nd, 2022, beginning at 10:00 A.M. Central Time. Specializing in the fabrication and integration of offshore projects, the 555-acre KOS facility is home to NFE’s Fast LNG program and the ongoing conversion of marine infrastructure into floating liquefaction units.

“With our partners at Kiewit, we look forward to hosting investors and analysts at this world-class facility in Texas,” said Wes Edens, Chairman and Chief Executive Officer of NFE. “We expect to achieve mechanical completion of our first FLNG unit in March 2023 and deploy FLNG 1 into operation by mid-year, with additional units to follow soon thereafter. Utilizing a highly skilled workforce on the U.S. Gulf Coast, we have developed an efficient and repeatable construction process – essentially an FLNG factory – that substantially reduces the cost and time to build incremental liquefaction capacity to meet the urgent needs of the global energy markets.”

Space will be limited to ensure the safety of visitors and to adhere to the security requirements of facility operations and personnel. Investment and sell-side research professionals wishing to attend the FLNG Investor Day should therefore express interest via email as soon as possible but in no instance later than Friday, September 30th, 2022: GoFLNG@newfortressenergy.com.

About New Fortress Energy

New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to help 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, ships, and logistics assets to rapidly deliver turnkey energy solutions to global markets. Collectively, the company’s assets and operations seek to support 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 performance or our projected results. You can identify these forward-looking statements by the use of forward-looking words such as “expects,” “may,” “will,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative version of those words or other comparable words. Forward looking statements include: completion and operation of our projects within the expected timeline or at all; ability to develop additional units; anticipated benefits to be derived from our processes; and ability of energy infrastructure in addressing the needs of the global energy market. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on our results of operations and financial condition or our stock prices. These forward-looking statements represent the Company’s expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are necessarily estimates based upon current information and are subject to risks, uncertainties and other factors, many of which are outside of the Company’s control, that could cause actual results to differ materially from the results discussed in the 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: risks related to the development, construction, completion or commissioning schedule for the facilities; inability to effectively implement the Fast LNG program; unknown and unforeseen risks associated with the development of new technologies; inability to realize the anticipated benefits from the technology, including the cost and time savings anticipated; and risks related to the implementation of our mission and business strategy. 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, except as required by law, the Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. 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 in our annual report, quarterly and other reports filed with the SEC, which could cause its actual results to differ materially from those contained in any forward-looking statement. We undertake no duty to update these forward-looking statements, even though our situation may change in the future.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220920005498/en/

Investors

ir@newfortressenergy.com

Media

Jake Suski

(516) 268-7403

press@newfortressenergy.com

Source: New Fortress Energy Inc.

FAQ

What is the date of New Fortress Energy's FLNG Investor Day?

The FLNG Investor Day is scheduled for November 2, 2022.

Where will the FLNG Investor Day be held?

It will be held at Kiewit Offshore Services shipyard in Corpus Christi, Texas.

What does NFE expect regarding its first FLNG unit?

NFE expects mechanical completion of its first FLNG unit by March 2023, with operations by mid-year.

How can investors register for the FLNG Investor Day?

Investors must express interest via email by September 30, 2022.

What is the focus of New Fortress Energy?

NFE focuses on global energy infrastructure to address energy poverty and support economic growth.