Press release
New Fortress Energy Provides Update on its Initial FLNG Asset
NEW YORK--(BUSINESS WIRE)-- New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) is pleased to announce that its initial Fast LNG unit has
About this update from New Fortress Energy Inc.
[{"type":"text","content":" NEW YORK--(BUSINESS WIRE)--\nNew Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) is pleased to announce that its initial Fast LNG unit has completed its third cargo loading today. The cargo has been loaded onto the BW Pavilion and is setting sail for NFE’s operation in Puerto Rico.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241025910713/en/BV Pavilion sails away with Fast LNG's third cargo (Photo: Business Wire)\nThe unit is producing at or above its nameplate capacity of 1.4 MTPA.\n\n“We are excited that we have achieved full nameplate performance and believe there is room for further production gains as we continue to commission our facility. Now that we have reached full production1, our focus is on the continuous reliability and production of our installation. This is a significant milestone for our FLNG unit and team, and we are very pleased with the progress we have made to date,” said Barry Clayton, Senior Vice President of FLNG Operations.\n\nAbout New Fortress Energy Inc.\n\nNew 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.\n\nCautionary Language Regarding Forward-Looking Statements\n\nThis press release contains certain statements and information that may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. 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 financial performance or our projected business results. You can identify these forward-looking statements by the use of forward-looking words such as “expects,” “may,” “will,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or th...