New Fortress Energy

What New Fortress Energy does

New Fortress Energy is a publicly traded global LNG infrastructure company headquartered in New York, founded in 2014, that develops, owns, and operates an integrated portfolio of liquefied natural gas supply, import and export terminals, and gas-fired power generation assets across more than eight countries, with principal operations in Puerto Rico, Mexico, Brazil, Ireland, Nicaragua, Egypt, and the United States. The company's core technology is its proprietary Fast LNG modular floating liquefaction solution, which deploys FLNG units on jack-up rigs, fixed jackets, and Sevan semi-submersibles to deliver approximately 1.4 million tons per annum of LNG per unit in roughly 18 months, enabling rapid, low-cost deployment of offshore liquefaction infrastructure. NFE integrates this upstream capability with downstream FSRU/FSU operations (largely held through the $2 billion Energos Infrastructure joint venture with Apollo Global Management) and a fleet of owned and operated power plants including San Juan and Palo Seco in Puerto Rico, La Paz in Mexico, Barcarena and CELBA 2 in Brazil.

The company's revenue model combines usage-based LNG supply contracts with governments and industrial customers, long-term terminal capacity and lease agreements, electricity sales from owned power plants, and recurring equipment lease structures. Major customer relationships include a seven-year $3.18 billion LNG supply contract with the Puerto Rico government (priced at 115% of Henry Hub plus premiums), partnership with Mexico's state-owned utility CFE for the Altamira Fast LNG hub, FSRU charters with Egypt's EGAS, and long-term gas supply agreements with industrial customers including Hydro's Alunorte alumina refinery and Alcoa's Jamalco operation. Pricing is negotiated on a project basis, with sales cycles measured in years given the capital-intensive nature of LNG-to-power infrastructure projects.

As of 2025-2026, NFE is undergoing a severe financial restructuring precipitated by approximately $9.3 billion in total debt, a $1.8 billion net loss in FY2025, and a 36% revenue decline year-over-year. The company divested Jamaica assets to Excelerate Energy for $1.055 billion in May 2025 and entered into a UK Restructuring Plan approved in June 2026 that will split the business into a leaner publicly traded NewNFE (with existing shareholders retaining approximately 35%) and a creditor-controlled BrazilCo holding Brazilian operations, reducing debt from approximately $5.7 billion to $527.5 million. Founder and CEO Wes Edens continues to lead the company through this transition.

Name

New Fortress Energy

Legal name

New Fortress Energy Inc.

Website

https://newfortressenergy.com

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

LNG Infrastructure & Natural Gas Supply

NAICS

Fossil Fuel Electric Power Generation (221112), Electric Power Generation (22111)

SIC

Cogeneration Services & Small Power Producers (4991), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

LNG-to-Power (FSRU/Regas-Fed Gas Power Plants) (EUACABAG)

akta.pro secondary industry

Gas-Fired Power Plant Development & IPP Ownership (Greenfield/Brownfield) (EUACABAI)

Keywords

• LNG infrastructure
• Natural gas supply
• Power generation services
• FSRU operations
• Energy infrastructure development

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Others

Revenue model

1. LNG Sales and Supply: NFE generates revenue primarily from selling LNG to power generation companies, industrial customers, and governments. LNG is supplied from company-operated terminals (Puerto Rico, Jamaica pre-sale, Mexico, Brazil) and the Fast LNG offshore facility. Revenue is consumption-based and multi-year contracted with major customers like the Puerto Rico government (7-year, ~$3.18 billion).
2. Terminal Capacity and Lease Agreements: NFE earns fees from terminal capacity agreements at its LNG import terminals (Barcarena, Santa Catarina, Puerto Rico). The Santa Catarina TGS terminal lease is expected to generate $50 million in annual EBITDA by 2027.
3. Power Generation and Electricity Sales: NFE operates power plants (San Juan, Palo Seco in Puerto Rico; La Paz in Mexico; Barcarena and CELBA 2 in Brazil; Jamaica CHP) and earns revenue from electricity sales to grid operators and industrial customers under long-term power purchase agreements.
4. Asset Sales and Divestitures: NFE has pursued asset sales to reduce debt and improve liquidity, including the $1.055 billion sale of Jamaica operations to Excelerate Energy (May 2025) and the sale of Miami liquefaction facility.
5. Equipment Sale-Leaseback: NFE has executed sale-leaseback transactions on power generation equipment, such as the $265.9 million turbine sale-leaseback with Macquarie, to unlock capital from existing assets.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

New Fortress Energy is a global energy infrastructure company that develops, owns, and operates LNG import and export terminals, fast LNG liquefaction assets, FSRUs/FSUs, and gas-fired power plants. It sells liquefied natural gas, electricity, and terminal capacity under multi-year contracts to governments, state-owned utilities, and large industrial customers in regions lacking pipeline access. The company integrates upstream LNG supply with downstream power generation, offering end-to-end LNG-to-power solutions for island and coastal markets.

Product overview

New Fortress Energy operates as a global LNG infrastructure company offering an integrated portfolio of liquefied natural gas solutions. The core offerings include Fast LNG (a modular offshore liquefaction technology), LNG Supply & Logistics, Power Generation & Combined Heat and Power (CHP), and Boiler Conversion services. The company operates a global network of LNG terminals including facilities in Puerto Rico, Mexico (Baja California Sur and Altamira), Brazil (Barcarena and Santa Catarina), Ireland, Nicaragua, and Louisiana. NFE also operates Energos Infrastructure, a joint venture with Apollo for maritime LNG assets, and has a hydrogen division branded as ZERO developing green hydrogen solutions.

Differentiator

Problem solved

Functional benefit

Brands

• Fast LNG: Proprietary floating liquefied natural gas solution utilizing FLNG technology with modular approach for scalability and rapid deployment, delivering approximately 1.4 million tons per annum of LNG per unit.
• ZERO
• Energos Infrastructure

Products and services

• Fast LNG Modular offshore LNG liquefaction solution that deploys FLNG technology on existing marine infrastructure such as jack-up rigs, fixed jackets, and Sevan semi-submersibles. Each unit delivers approximately 1.4 MTPA of LNG and can be deployed in as little as 18 months at lower cost than land-based projects, targeted at governments, utilities, and LNG buyers.
• LNG Supply and Logistics Reliable and efficient provision of clean, affordable liquefied natural gas to industrial, commercial, transportation, and government customers via company-operated terminals and the Energos maritime fleet.
• Power Generation and Combined Heat and Power (CHP) Gas-fired power generation facilities and combined heat and power plants that deliver electricity and thermal energy to grid operators and industrial customers under long-term PPAs.
• Puerto Rico LNG Facility (San Juan) Onshore LNG import terminal in San Juan, Puerto Rico, supplying natural gas for power generation and to commercial, industrial, and transportation customers via truck loading.
• Barcarena LNG Terminal and Power Plant LNG import terminal in northern Brazil near the Amazon, providing the sole natural gas supply for the region with two adjacent power plants under development.
• Santa Catarina LNG Terminal LNG import terminal in southern Brazil with approximately 6 MTPA capacity, supplying local LDCs, power plants, and industrial customers under long-term capacity lease agreements.
• Altamira Fast LNG Hub Offshore LNG export facility at Altamira, Tamaulipas developed with CFE, comprising three Fast LNG liquefaction units and a floating storage unit exporting LNG to Baja California Sur and other markets.
• Mexico LNG Facility (La Paz / Pichilingue) Onshore LNG import terminal at the Port of Pichilingue, Baja California Sur supplying natural gas to Mexico's CFE grid with an adjacent merchant power plant.
• Shannon LNG Project Planned combined cycle gas turbine (CCGT) power plant and LNG terminal on the Shannon Estuary between Tarbert and Ballylongford, County Kerry, Ireland, intended to provide diversity of gas supply to Ireland.
• Energos Infrastructure Maritime LNG JV 50/50 joint venture with Apollo Global Management operating FSRUs, FSUs, and LNG carriers globally to support NFE's terminal network and serve third-party LNG customers.
• ZERO Hydrogen Division NFE's hydrogen division developing scalable green hydrogen production solutions, including a planned 120 MW green hydrogen plant on the U.S. Gulf Coast in partnership with Plug Power.

Quantifiable outcome

• Reduces CO2 emissions by up to 55% compared to coal and ~25% versus diesel for power generation
• +4 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

16 partnerships are on record, tiered core, major and minor.

• EGAS (Egyptian Natural Gas Holding Company)coreStrategic or Co-development Partner · 1 July 2025NFE, via Energos Infrastructure, executed 5-year FSRU charters with EGAS for deployment at Damietta (Energos Winter) and Ain Sokhna (Energos Eskimo, 10-year), supporting Egypt's natural gas supply security and energy transition.
• Excelerate EnergymajorOthers · 1 May 2025NFE sold its Jamaica LNG assets and operations to Excelerate Energy for approximately US$1.055 billion in May 2025. The transaction included the Old Harbour LNG terminal, Jamalco CHP plant, and related infrastructure, with NFE's Jamaican employees transitioning to Excelerate. NFE retained a relationship through the Energos FSRU fleet serving Jamaica.
• Plug PowerminorStrategic or Co-development Partner · 1 August 2022NFE entered an agreement with Plug Power for development of a 120 MW green hydrogen plant on the U.S. Gulf Coast, supporting NFE's ZERO hydrogen division and clean energy transition goals.
• CFE (Comisión Federal de Electricidad)coreStrategic or Co-development Partner · 1 July 2022NFE partnered with Mexico's state-owned electric utility CFE to develop the Altamira Fast LNG hub, including deployment of three Fast LNG units and floating storage for exporting LNG to Baja California Sur. CFE serves as the off-taker and partner for regulatory and operational matters in Mexico.
• GasunieminorStrategic or Co-development Partner · 1 May 2022NFE and Gasunie signed an FSRU charter agreement for LNG terminal implementation in the Netherlands, marking NFE's entry into the European market.
• Venture Global LNGminorStrategic or Co-development Partner · 1 March 2022NFE announced LNG sale and purchase agreements with Venture Global LNG for supply contracts supporting NFE's growing terminal and power generation operations.
• Eni CongominorStrategic or Co-development Partner · 1 March 2022NFE and Eni Congo agreed to deploy Fast LNG solution in the Republic of Congo, enabling offshore gas development and monetization of stranded gas reserves.
• Government of MauritaniaminorStrategic or Co-development Partner · 1 December 2021NFE signed an MOU with the government of Mauritania for Fast LNG and gas-to-power project development, targeting West African energy market expansion.
• Government of Sri LankaminorStrategic or Co-development Partner · 1 September 2021NFE finalized a contract with the government of Sri Lanka for LNG terminal development and gas supply to power plants, including a planned 350 MW power plant.
• Hydro (Alunorte)minorStrategic or Co-development Partner · 1 September 2021NFE and Hydro finalized definitive commercial terms for natural gas supply to the Alunorte Alumina Refinery in Pará, Brazil, one of the world's largest alumina refineries.
• UnigelminorStrategic or Co-development Partner · 1 August 2021NFE signed agreements with Unigel to provide natural gas to fertilizer plants in Sergipe and Bahia, Brazil, supporting industrial decarbonization.
• Sembcorp MarineminorStrategic or Co-development Partner · 1 August 2021Sembcorp Marine secured FLNG facilities conversion projects from NFE for the Fast LNG solution, converting vessels into liquefaction platforms for deployment.
• Golar LNG Partners LPcoreStrategic or Co-development Partner · 1 January 2021NFE acquired Golar LNG Partners LP in a combined ~$5 billion transaction with Hygo Energy Transition, expanding NFE's fleet of FSRUs, FSUs, and LNG carriers and providing the maritime infrastructure backbone for Energos Infrastructure.
• Hygo Energy Transition Ltd.coreStrategic or Co-development Partner · 1 January 2021NFE acquired Hygo Energy Transition Ltd. in a combined ~$5 billion transaction alongside Golar LNG Partners, bringing Brazilian LNG infrastructure assets including the Barcarena terminal and power plant development pipeline.
• EBRASILminorStrategic or Co-development Partner · 1 January 2021NFE and EBRASIL agreed to sell the 1.6 GW CELSE (now CELBA 2) power plant to Eneva S.A. for enterprise value of R$10.2 billion ($2.16 billion), and NFE and EBRASIL completed the sale in 2022.
• RAV BahamasminorStrategic or Co-development Partner · 1 October 2020NFE and RAV Bahamas partnered to bring reliable LNG to a luxury resort in the Bahamas, demonstrating NFE's capability to serve smaller island markets.

Scale indicators18 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Excelerate Energy: Excelerate is a leading FSRU operator and LNG import terminal developer with a directly overlapping business model — it recently acquired NFE's Jamaica assets for ~$1.055B and competes head-to-head for FSRU charters and LNG-to-power projects in emerging markets.
• Tellurian: Tellurian is developing the Driftwood LNG export project and integrated upstream gas production, with a similar full-stack LNG-to-power ambition as NFE, though smaller in scale and focused on a single U.S. asset.
• Höegh LNG: Höegh LNG operates a fleet of FSRUs and is a direct competitor in floating LNG import terminal services — a core piece of NFE's business model — particularly in emerging markets and island/coastal jurisdictions.
• Golar LNG: Golar LNG operates FSRUs and FLNG vessels and was acquired by NFE in 2021 as part of the combined Hygo/Golar transaction. Although now part of the NFE group, Golar's standalone floating LNG operations remain a comparable benchmark for FLNG/FSRU economics.

Broad incumbents

• Cheniere Energy: Cheniere is the largest U.S. LNG exporter (Sabine Pass, Corpus Christi) and a broad incumbent in the LNG value chain. While it focuses on large-scale U.S. export rather than NFE's offshore/floating niche, it competes for offtake customers and LNG supply contracts globally.
• Sempra Infrastructure: Sempra Infrastructure develops, owns, and operates LNG export terminals (Cameron LNG), regasification, and renewable energy infrastructure. It is a broad incumbent with overlapping capabilities in LNG-to-power, particularly in Mexico where it competes with NFE.
• AES Corporation: AES is a global power generation and utilities company with significant LNG-to-power and renewable operations in the Caribbean and Latin America — the same geographic footprint as NFE — and competes for power purchase agreements with the same government counterparties.
• Shell plc: Shell is a global integrated LNG major with extensive LNG trading, shipping, and regasification capabilities, competing with NFE for large-scale LNG supply contracts and energy infrastructure deals in emerging markets.

Emerging players

• Venture Global LNG: Venture Global is a fast-growing U.S. LNG export developer (Calcasieu Pass, Plaquemines, CP2) that has LNG sale and purchase agreements with NFE. It competes for global LNG supply contracts and increasingly overlaps with NFE's fast-to-market development approach.
• NextDecade: NextDecade is developing the Rio Grande LNG export facility in Texas. It shares NFE's integrated LNG development approach and competes for similar customer segments, though with a different geographic and technical footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Instagraminstagram.com/newfortressenergy
• YouTubeyoutube.com/newfortressenergy
• Xx.com/new_fortress
• LinkedInlinkedin.com/company/new-fortress-energy

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries7 records

Funding overview

Funding rounds8 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about New Fortress Energy