NEW
YORK, Jan. 8, 2024 /CNW/ -- Energos
Infrastructure ("Energos" or the "Company"), an international
marine LNG infrastructure company, majority-controlled by
Apollo-managed funds (NYSE: APO) and minority shareholder New
Fortress Energy Inc. (NASDAQ: NFE) ("NFE"), today announced
that the Company has completed the acquisition of two
state-of-the-art Floating Storage and Regasification Units
("FSRUs") from affiliates of Dynagas. The two 174,000 m3
closed-loop FSRUs, built in 2021, will be renamed Energos Force and
Energos Power.
Earlier in 2023, the FSRUs commenced long-term charter contracts
with the German Federal Ministry of Economic Affairs and Climate
Change. The Energos Force is planned to operate in the port of
Stade under direction of Deutsche Energy Terminals, while the
Energos Power is planned to operate in the port of Mukran and has
been subchartered to Deutsche Regas.
With these two high-specification liquefied natural gas ("LNG")
regasification vessels added to its platform, Energos will own and
operate 13 LNG infrastructure vessels consisting of nine FSRUs, two
Floating Storage Units, and two LNG carriers. The addition of the
Energos Force and Energos Power in Europe makes Energos the largest owner and
operator of LNG marine infrastructure vessels by wholly-owned FSRU
capacity operating within the continent.
"Reliable energy infrastructure is essential to address the
global energy crisis and reduce carbon emissions," said
Arthur Regan, CEO and Director of
Energos Infrastructure. "We are pleased to acquire these critical
assets in operating service in Germany, which we believe will solidify
Energos as a premier LNG maritime infrastructure company and
further supports our efforts to bring cleaner, more reliable energy
to customers around the world."
Apollo Partner Brad Fierstein said, "We are pleased to
support Art and the Energos team in executing this FSRU
acquisition, which we believe will be transformative for the
platform and support its continued growth. Providing enhanced
energy security and enabling lower carbon power generation are core
priorities to Apollo's efforts to help drive a more sustainable
future and we believe the implementation of these new vessels can
play a significant role in bolstering Germany's energy independence."
Apollo Capital Solutions performed debt advisory and placement
services for the acquisition financing, which was led by BNP
Paribas, Crédit Agricole CIB, Mizuho
Bank, and Sumitomo Mitsui Trust Bank.
About Energos Infrastructure
Energos Infrastructure provides critical infrastructure for the
delivery, storage, and regasification of LNG through long-term
contracts, helping to power countries around the world and reduce
their reliance on oil and coal, enhance energy security and
reliability, and enable potential cost savings. Energos' asset
platform serves a diversified customer base of utilities and energy
companies worldwide under third-party charters in addition to
serving NFE's projects globally. Energos benefits from Apollo's
investment capabilities and maritime experience, as well as NFE's
LNG downstream operations and development activities.
About Apollo
Apollo is a high-growth, global alternative asset manager. In
our asset management business, we seek to provide our clients
excess return at every point along the risk-reward spectrum from
investment grade to private equity with a focus on three investing
strategies: yield, hybrid, and equity. For more than three decades,
our investing expertise across our fully integrated platform has
served the financial return needs of our clients and provided
businesses with innovative capital solutions for growth. Through
Athene, our retirement services business, we specialize in helping
clients achieve financial security by providing a suite of
retirement savings products and acting as a solutions provider to
institutions. Our patient, creative, and knowledgeable approach to
investing aligns our clients, businesses we invest in, our
employees, and the communities we impact, to expand opportunity and
achieve positive outcomes. As of September
30, 2023, Apollo had approximately $631 billion of assets under management. To learn
more, please visit www.apollo.com.
About New Fortress Energy
New Fortress Energy Inc. (NASDAQ: NFE) is a global energy
infrastructure company founded to help 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.
Contacts
For Energos Infrastructure
Corporate Communications:
Jim Lawrence
MTI Network
203-550-2621
Jlawrence@mtinetworkusa.com
Energos Media Contact:
Lauren Candee
media@Energosinfra.com
For Apollo
Investor Relations:
Noah Gunn
Global Head of Investor Relations
212-822-0540
IR@apollo.com
Media Relations:
Joanna Rose
Global Head of Corporate Communications
212-822-0491
Communications@apollo.com
For New Fortress Energy
Investor Relations:
Chance Pipitone
ir@newfortressenergy.com
Media Relations:
Ben Porritt
press@newfortressenergy.com
516-268-7403
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SOURCE Energos Infrastructure