New Fortress Energy, the New York-based firm with LNG-to-power projects in South America and the Caribbean and its first venture pending in the Asian island nation of Sri Lanka, has provided an update on its natural gas supply and earnings goals during the current period of price spikes.

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Golar LNG Partners, the owner of 10 LNG ships, said it would hold a special meeting of unit-holders on February 24 to vote on the takeover of the company by New Fortress Energy, the New York-based LNG and power project developer in Latin America and the Caribbean.

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New Fortress Energy Inc, the New York-based company with a growing LNG projects portfolio in Latin America and the Caribbean, has entered into two deals with a combined value of $5 billion, one to acquire Golar LNG Partners and a second to take over Hygo Energy Transition, a Brazil-focused joint venture owned by Stonepeak Infrastructure Partners and shipping company Golar LNG Ltd.

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