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NEW YORK – New Fortress Energy, Inc. (NASDAQ: NASDAQ:), a global energy infrastructure company, has completed the transfer of a 20% stake in Energos Infrastructure to a fund managed by Apollo (NYSE: APO). Proceeds from the transaction will be used to repay debt and invest in new downstream projects that promise higher returns.
Energos Infrastructure, a joint venture established by NFE and Apollo Funds in August 2022, specializes in LNG delivery, storage and regasification services under long-term charter contracts. The company's fleet includes his 13 LNG infrastructure vessels, consisting of nine floating storage and regasification units (FSRUs), two floating storage units (FSUs), and two LNG carriers. It contains.
New Fortress Energy will continue its partnership with Energos by chartering six vessels to support the company's global operations. These charterparties are expected to take effect upon the expiration of the current third-party charterparties and extend in duration for up to 20 years.
Wes Edens, Chairman and CEO of New Fortress Energy, expressed satisfaction with the establishment and growth of Energos as a leading LNG maritime infrastructure company. He said the sale to Apollo Funds is in line with the company's strategy to repurpose capital into profitable downstream projects and reduce debt.
New Fortress Energy was founded to fight energy poverty and support the transition to sustainable energy. The company's portfolio includes LNG infrastructure as well as integrated shipping and logistics assets that provide comprehensive energy solutions around the world.
Energos plays a vital role in the global energy landscape by providing LNG infrastructure services that help countries transition away from oil and coal, improve energy security and reliability, and potentially reduce costs. playing a role.
The information in this article is based on the press release.
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