New Fortress Energy's Brazil Platform Signs Lease, Capacity Agreement For Its Terminal De Gas Sul LNG Import Terminal In Santa Catarina
Benzinga · 1d ago
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New Fortress Energy Inc. (NASDAQ:NFE) ("NFE" or the "Company") today announced that its Brazil platform has entered into a long-term lease and capacity agreement ("Lease Agreement") for its Terminal de Gás Sul ("TGS") LNG import terminal in Santa Catarina, Brazil. The Lease Agreement is expected to commence in August 2026.
The agreement marks the commercialization of TGS and is expected to generate $50 million in annual EBITDA by 2027.
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