Fast LNG Asset Resumes Production After Scheduled Maintenance Outage
19 August 2024 - 11:15PM
Business Wire
New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”)
is pleased to announce that the scheduled maintenance outage of our
1.4 MTPA Fast LNG 1 asset located offshore Altamira, Mexico
(“FLNG”) has been completed, and the FLNG unit has returned to
production as scheduled this morning.
This planned outage followed the significant milestone of our
first LNG cargo which occurred on August 9th. The FLNG 1 unit is
expected to continue its production ramp and will reach full
production later this month.
About New Fortress Energy Inc.
New Fortress Energy Inc. (NASDAQ: NFE) is a global energy
infrastructure company founded to address energy poverty and
accelerate the world’s transition to reliable, affordable, and
clean energy. The Company owns and operates natural gas and
liquefied natural gas (LNG) infrastructure and an integrated fleet
of ships and logistics assets to rapidly deliver turnkey energy
solutions to global markets. Collectively, the Company’s assets and
operations reinforce global energy security, enable economic
growth, enhance environmental stewardship and transform local
industries and communities around the world.
Cautionary Language Regarding Forward-Looking
Statements
This communication contains forward-looking statements. All
statements contained in this communication other than historical
information are forward-looking statements that involve known and
unknown risks and relate to future events, our future financial
performance or our projected business results. You can identify
these forward-looking statements by the use of forward-looking
words such as “expects,” “may,” “will,” “predicts,” “intends,”
“plans,” “estimates,” “anticipates,” or the negative version of
these terms or other comparable words. Forward looking statements
include but are not limited to: expectations related to the first
cargo and scheduled maintenance.
These forward-looking statements are necessarily estimates based
upon current information and involve a number of risks,
uncertainties and other factors, many of which are outside of the
Company’s control. Actual results or events may differ materially
from the results anticipated in these forward-looking statements.
Specific factors that could cause actual results to differ from
those in the forward-looking statements include, but are not
limited to: failure to receive the expected fixed payments under
our contracts, unknown and unforeseen risks related to the full
commercial operation for our first LNG Asset, delays and schedule
changes, high costs and expenses, and regulatory and legal
challenges, among others; inability to operationalize our plans for
the projects and derive the benefits expected; common risks related
to successful integration of the businesses; nonpayment or
nonperformance of obligations by the parties; inability to realize
the anticipated benefits from the project or our partnerships;
adverse regional, national, or international economic conditions,
adverse capital market conditions and adverse political
developments; business disruption following the transaction; and
the impact of public health crises, such as pandemics and epidemics
and any related company or government policies and actions to
protect the health and safety of individuals or government policies
or actions to maintain the functioning of national or global
economies and markets. These factors are not necessarily all of the
important factors that could cause actual results to differ
materially from those expressed in any of NFE’s forward-looking
statements. Other known or unpredictable factors could also have
material adverse effects on future results.
Any forward-looking statement speaks only as of the date on
which it is made, and we undertake no duty to update or revise
these forward-looking statements, even though our situation may
change in the future. New factors emerge from time to time, and it
is not possible for the Company to predict all such factors. When
considering these forward-looking statements, you should keep in
mind the risk factors and other cautionary statements included in
NFE’s annual and quarterly reports filed with the Securities and
Exchange Commission, which could cause its actual results to differ
materially from those contained in any forward-looking
statement.
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version on businesswire.com: https://www.businesswire.com/news/home/20240819429713/en/
Investors Noah Kauppila ir@newfortressenergy.com Media
press@newfortressenergy.com
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