New Fortress Energy (NFE) via a subsidiary has executed a 5-year agreement for the deployment of the Energos Winter, a 138,250 cubic meter floating storage and regasification unit, with the Egyptian Natural Gas Holding Company. The Winter will operate at EGAS’ LNG import terminal located at Damietta, Egypt. This is NFE’s second FSRU stationed in Egypt, and the Winter will join the Energos Eskimo in Egypt as early as August of this year. “We are pleased to reinforce our relationship with EGAS by way of our deployment of a second FSRU to Egypt. This deal enhances NFE’s goals of providing reliable and cost-effective energy across the globe,” said Chris Guinta, CFO of New Fortress Energy.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NFE:
- Unusually active option classes on open July 1st
- New Fortress Energy Faces Financial Strain After $1.055 Billion Jamaica Business Sale
- New Fortress Energy initiated with a Buy at Compass Point
- General Mills upgraded, Trade Desk downgraded: Wall Street’s top analyst calls
- New Fortress Energy downgraded to Neutral from Buy at BTIG
