New Fortress Energy Signs FSRU Charter, Facilitates Operation at LNG Import Terminal

New Fortress Energy (NFE) has announced the execution of a definitive agreement to charter the floating storage and regasification unit (FSRU) Energos Winter from Petrobras, which will take effect in December of 2023. The Energos Winter will be deployed to Terminal Gas Sul (TGS)—NFE’s LNG import terminal in Santa Catarina, Brazil. The import terminal is currently expected to start commercial operations ahead of schedule in January 2024.

“We are pleased to reach this agreement with Petrobras and begin operations at the TGS terminal in Santa Catarina, Brazil ahead of schedule in January 2024,” said Andrew Dete, Managing Director of New Fortress Energy. “The TGS terminal is a high-growth opportunity for NFE, as connection to the pipeline system in south Brazil offers a diverse and near-term set of opportunities across power and gas supply."

FSRU Energos Winter; Image Credits: Energos Infrastructure

The FSRU Energos Winter will be sub-chartered by NFE through the remainder of the Petrobras charter term with Energos Infrastructure, then directly chartered by NFE through a long-term contract with Energos. This charter agreement will allow NFE to begin commercial operations at TGS and continue service on a long-term basis.