Press release
New Fortress Energy Signs Contract to Supply Natural Gas to CFE Power Plants in Baja California Sur
NEW YORK--(BUSINESS WIRE)-- New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) announced today that it has signed a Gas Supply Agreement (the
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”) announced today that it has signed a Gas Supply Agreement (the “GSA”) with CFEnergia SA de CV, a subsidiary of Mexico’s Federal Electricity Commission (CFE). Under the agreement, NFE will provide the equivalent of an estimated 250,000-500,000 gallons of LNG (20,000-40,000 MMBtu) per day to CFE’s CTG La Paz and CTG Baja California Sur power plants in Baja California Sur, Mexico.\n\n“We are pleased to support CFE’s transition to cleaner, more affordable and reliable energy,” said Wes Edens, Chairman and CEO of New Fortress Energy. “This contract will help create significant fuel savings and emissions reductions for the benefit of the people of Baja California Sur.”\n\nNFE will supply natural gas to the plant via the Company’s liquefied natural gas (LNG) receiving and regasification terminal in the port of Pichilingue, Baja California Sur, Mexico. The terminal is anticipated to be complete and begin the supply of natural gas to CFE in May.\n\nAbout New Fortress Energy Inc.\n\nNew Fortress Energy is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities.\n\nCautionary Language Regarding Forward-Looking Statements\n\nCertain statements contained in this press release constitute “forward-looking statements” including the expectation that the Company will provide 250,000 gallons of LNG per day to the CFE power plants indicated, the expectation that the development of terminal and supply of natural gas will be complete in May, the expectation that the conversion will create fuel savings and reduce emissions, and other statements regarding NFE’s operations, goals and strategy. 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. These forward-looking statements represent the Company’s expectations or beliefs concerning future events, and it i...