Offshore staff
NEW YORK — New Fortress Energy (NFE) and Apollo have established their previously announced joint venture.
Energos Infrastructure owns and operates an 11-strong LNG vessel fleet, comprising six floating storage and regasification vessels, three floating storage units and two LNG carriers.
The new venture, to be based in Stamford, CT, is owned about 80% by Apollo-managed funds and 20% by NFE. Arthur Regan is the CEO, supported by CFO Kevin Kilcullen.
Energos will deliver infrastructure for the delivery, storage and regasification of LNG to countries worldwide. It will also serve utilities and energy companies under third-party charters.
NFE has agreed to charter 10 of the vessels for a period of up to 20 years; the charters have either started or will start following the expiry of existing third-party charter agreements.
The platform will also seek growth opportunities in support of both NFE and third parties to support the energy transition and bolster energy security globally.
Energos Infrastructure will establish its headquarters in Stamford, CT.
Recent projects
In July 2022, NFE said it is embarking on two major gas ventures offshore Mexico. The company and Pemex agreed to form a long-term strategic partnership, supported by Mexico’s president Andrés Manuel López Obrador, covering joint development of the Lakach deepwater natural gas field in the Gulf of Mexico. In a separate development, also backed by Mexico’s president, NFE entered an agreement with Comisión Federal de Electricidad.
Also in July, Fluor Corp. reported that it was awarded a full notice-to-proceed contract by NFE for the engineering, procurement and fabrication management of the NFE Fast LNG 2 project.
In March 2021, NFE took a final investment decision on a Fast LNG modular liquefaction facility with a 1.4 MM-metric ton (1.54-MM ton) capacity. The design was said to combine the latest advances in modular, mid-size liquefaction technology with jackup rigs or similar floating infrastructure to achieve a lower-cost and faster deployment schedule.
08.16.2022
