NEW YORK—New Fortress Energy LLC announced Feb. 10 that it has signed a long-term supply agreement for the purchase of 27.5 million MMBtu per annum of LNG, or approximately eight cargoes a year, at a price indexed to Henry Hub through January 2030.
This agreement will support the continued growth of New Fortress’ customer base in international markets as the company develops LNG terminals and natural gas infrastructure.
“This agreement supports our efforts to spur economic growth and reduce emissions as we deliver more affordable and cleaner energy to our customers,” said New Fortress Chairman and CEO Wes Edens. “We evaluated a broad range of competitive offers to meet the expansion of our LNG terminals across international markets. We’re pleased to take advantage of the dislocation in global LNG markets and secure ten years of offtake for our growing business.”
Overall transport earnings were down, however, as long-haul movements declined.
Wink-To-Webster pipeline system is expected to move 1 million bbl/d from the Permian.
Company gains a significant gathering and processing commitment from XTO.