NEW FORTRESS ENERGY INC.

(NFE)
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Delayed Nasdaq  -  04:00 2022-08-15 pm EDT
59.58 USD   +0.80%
05:19pNew Fortress Energy, Apollo Global Complete $2 Billion LNG Maritime Joint Venture
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NFE and Gasunie Sign FSRU Charter Agreement for LNG Terminal Implementation in the Netherlands

05/10/2022 | 06:00am EDT

New Fortress Energy Inc. announced that it has executed a binding agreement to charter a floating storage and regasification unit (“FSRU”) to N.V. Nederlandse Gasunie (“Gasunie”). The 5-year FSRU charter agreement will begin in Third Quarter 2022 and provide storage and regasification capacity for Gasunie’s new LNG import terminal in the port Eemshaven, the Netherlands. The Eems Energy Terminal will in total add approximately 8 bcm per year of new regasification capacity for NW Europe, with expected start-up in Third Quarter 2022. This new terminal capacity will increase energy security for The Netherlands and create sufficient LNG import capacity to meet the country’s gas needs without relying on pipeline imports, including gas from Russia. The chartered FSRU will provide storage capacity of approximately 170,000 m3 of liquefied natural gas with peak regasification capacity of 900 mmscfd. NFE’s FSRU will work in tandem with a third party’s FSRU to provide up to 8 bcm per year of total regas capacity. The vessel will provide a core component of Gasunie’s Eems Energy Terminal which will immediately address the urgent energy security needs of the Netherlands and surrounding region as the U.S.-EU Task Force on Energy Security continues to implement the March 25 joint statement by Presidents Biden and von der Leyen.


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All news about NEW FORTRESS ENERGY INC.
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Financials (USD)
Sales 2022 2 408 M - -
Net income 2022 501 M - -
Net Debt 2022 1 682 M - -
P/E ratio 2022 27,0x
Yield 2022 0,70%
Capitalization 12 366 M 12 366 M -
EV / Sales 2022 5,83x
EV / Sales 2023 4,08x
Nbr of Employees 671
Free-Float 45,3%
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Number of Analysts 9
Last Close Price 59,58 $
Average target price 61,44 $
Spread / Average Target 3,13%
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Managers and Directors
Wesley Robert Edens Chairman & Chief Executive Officer
Christopher S. Guinta Chief Financial Officer
John Joseph Mack Independent Director
Desmond Iain Catterall Independent Director
David J. Grain Independent Director
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