New Fortress Energy to Start LNG Import Operations at New Facility in Brazil in Jan.
By Jeffrey T. Lewis
SÃO PAULO--New Fortress Energy said Monday it will begin commercial operations at its newest liquid natural gas import terminal in the Brazilian state of Santa Catarina in January after chartering a floating storage and regasification unit from Petrobras.
NFE said the charter of the FSRU will start in December and the unit will be deployed immediately to the Terminal Gas Sul facility in Santa Catarina, which will start commercial operations ahead of schedule.
The FSRU will be sub-chartered through Petrobras until the end of that company's contract, then NFE will charter it directly from owner Energos Infrastructure on a long-term basis, NFE said.
The Terminal Gas Sul terminal will give NFE a high-growth opportunity via its connection to the pipeline system in southern Brazil, NFE said.
Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com
(END) Dow Jones Newswires
November 06, 2023 09:00 ET (14:00 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
4 Predictions for Stocks and the Economy for the Second Half of 2024
-
What Broadening Rally? AI Stocks Dominate Again In Q2
-
After Earnings, Is Nike Stock a Buy, a Sell, or Fairly Valued?
-
Worst-Performing Stock ETFs of the Quarter
-
Top-Performing Stock ETFs of the Quarter
-
Q2 In Review and Q3 2024 Market Outlook
-
5 Stocks to Buy for 3Q 2024
-
Best- and Worst-Performing Stocks of Q2 2024
-
Industrials: Sector Offers Investment Opportunities as Performance Lags Broader Market
-
Consumer Defensives: Even Amid Macro Pressures, Deals Permeate the Landscape
-
33 Undervalued Stocks
-
Utilities: Can the Stocks Keep the Rally Going?
-
Basic Materials: Following Index Decline, We See Many Long-Term Opportunities
-
Healthcare: Valuations Look Attractive In Most Industries
-
Financial Services: Amid Uncertainties, We See the Most Value In Banks and Credit Services
-
Consumer Cyclicals: Even With Anxiety Over Spending, We See Attractive Valuations