US LNG and power company New Fortress Energy increases Brazil presence and almost triples profits
New Fortress Energy, the US integrated LNG and power company that owns, operates or provides natural gas to 30 facilities in five countries has almost tripled net profits in the past year.
US LNG cargo and prices data shows split in volumes between Europe and Asia as prices remained moderate
The US Department of Energy published its latest LNG export data with the Netherlands, Italy, France and Spain along with South Korea and Japan being the main destinations while prices for that period remained moderate and averaged just over $6 per million British thermal units.
US LNG cargo and prices data shows more volumes headed for Europe with Netherlands and Italy favoured
The US Department of Energy has published its latest LNG export data showing more cargoes pointed at both Europe and North Asia with the Netherlands and Italy being the most favoured monthly destinations in the European Union just before the spike in prices.
US LNG cargo and prices data shows more volumes head for North Asia as European deliveries slow
The US Department of Energy has published its latest LNG export data showing more cargoes pointed at North Asia instead of mainly European nations after prices moderated after mid-year from 2023 highs.
Qatar-based body gives April overview of LNG regional imports and exports as well as re-loaded cargoes
Latin American and Caribbean nations imported more LNG during the first quarter and there was also a surge in cargo re-loads in Europe as well as quarterly and March exports from global liquefaction plants.
US issues LNG pricing and delivery data as UK and France consolidate lead over China in overall list
The US Department of Energy has published its latest LNG monthly export data showing that the United Kingdom and France are consolidating their lead over China in the overall list of countries receiving the most cargoes.
US LNG-to-power developer New Fortress Energy chosen to manage electricity generation in Puerto Rico
New Fortress Energy, the developer of LNG production, regasification and electricity projects and with a small shipping fleet, said its Genera subsidiary was selected by Puerto Rico to manage the US Caribbean territory’s power generation system.
LNG revenue growth
Dec 13 (LNGJ) - New Fortress Energy, the New York-based LNG projects developer, said it expected the business to generate more than $11 billion of additional liquidity over the next three years and more cash would be returned to shareholders.
“Our business is now generating significant, stable, and growing cash, which we believe affords us the ability to both retain capital necessary to grow and return excess capital to shareholders in the form of meaningful dividends,” said Wes Edens, Chairman and Chief Executive of NFE. “We are fortunate to have a strong balance sheet and the liquidity we believe is necessary to execute our strategy and achieve our goals, matching long-term LNG supply with long-term power demand around the world,” added Edens, who also cited investments in floating LNG facilities.
Höegh LNG Partners sees closing of merger with Höegh LNG Holdings by Sept 23 and delisting from NYSE
Höegh LNG Partners, the company with five ships and listed on the New York Stock Exchange, has notified the NYSE of the anticipated closing date of around September 23 when its merger with Höegh LNG Holdings is finalised and its shares delisted.
US LNG data has Spain overtaking China and France surpassing UK as Cameron shipped costliest cargoes
The US Department of Energy published its latest LNG monthly export data with European nations and Argentina leading the destinations list with Spain surpassing China in cargo numbers and France overtaking the UK, while Sempra’s Cameron LNG plant in Louisiana shipped the most expensive cargoes for a third month.
