New Fortress charters FSRU for Terminal Gas Sul

Nov. 6, 2023
New Fortress Energy Inc. has chartered the 160,000-cu m floating storage and regasification unit from Petrobras starting December 2023.

New Fortress Energy Inc. has chartered the 160,000-cu m floating storage and regasification unit (FSRU) Energos Winter from Petróleo Brasileiro SA (Petrobras) starting December 2023. Energos Winter will be immediately deployed to Terminal Gas Sul (TGS), NFE’s new-build LNG terminal in Santa Catarina, Brazil, which will start commercial operations in January 2024.

TGS, sited 300 m offshore, will connect via 32 km of pipe to an existing onshore gas distribution pipeline to help replace declining gas imports from Bolivia (OGJ Online, Oct. 17, 2023). It has a designed regasification capacity of 15 million cu m/day.

Energos Winter will be sub-chartered by NFE through the remaining term of the Petrobras charter with Energos infrastructure and then direct-chartered by NFE on a long-term basis with Energos. This will enable NFE to commence commercial operations at TGS in January 2024 and continue uninterrupted service on a long-term basis.

Energos Infrastructure, the owner of the Energos Winter, is owned 80% by funds managed by Apollo Global Management Inc. and 20% by NFE.

About the Author

Christopher E. Smith | Editor in Chief

Christopher brings 27 years of experience in a variety of oil and gas industry analysis and reporting roles to his work as Editor-in-Chief, specializing for the last 15 of them in midstream and transportation sectors.