New Fortress Vitality Inc. (NFE) has executed a definitive settlement to constitution the FSRU Energos Winter from Petrobras, beginning in December 2023. The FSRU Energos Winter can be instantly deployed to Terminal Gasoline Sul (TGS), NFE’s latest LNG import terminal in Santa Catarina, Brazil, which can begin business operations forward of schedule in January 2024.
“We’re extraordinarily happy to achieve this settlement with Petrobras and start operations on the TGS terminal in Santa Catarina, Brazil, forward of schedule in January 2024. The TGS terminal is a singular, high-growth alternative for NFE, as connection to the pipeline system in south Brazil affords a various and near-term set of alternatives throughout energy and gasoline provide,” mentioned Andrew Dete, Managing Director of New Fortress Vitality.
The Energos Winter can be sub-chartered by NFE by the remaining time period of the Petrobras constitution with Energos infrastructure after which direct-chartered by NFE on a long-term foundation with Energos. This can allow NFE to begin business operations at TGS in January 2024 and proceed uninterrupted service on a long-term foundation. Energos Infrastructure, the proprietor of the Energos Winter, is owned 80% by funds managed by Apollo and 20% by NFE.
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