LNG

New Fortress Energy Inc., the US developer of floating LNG production and import terminal projects, reported soaring annual revenues and net profits as its array of projects advanced.

New Fortress Energy, the US LNG production and import projects developer, reported a jump in revenues and a swing to profits in the third quarter while forecasting bumper earnings from floating LNG production projects.

New Fortress Energy Inc., the US LNG-for-power company, has sold its stake in the Porto de Sergipe Power Plant in northeast Brazil along with its joint venture partner for around $1.3 billion.