NFE Announces First LNG in Days and First Cargo in July
June 14 2024 - 1:00PM
Business Wire
New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”)
announces First LNG in the coming days and First Cargo in July.
NFE today updated the timing of its First LNG expectation for
its first Fast LNG unit located offshore Altamira, Mexico. The
Company has made tremendous progress on its path towards the start
of liquefaction operations.
As of today, the work necessary to begin operations is complete
and the Company has also completed the full remainder of
pre-commissioning activities. The Company now expects to produce
LNG in the next 10 days, and then expects to be able to deliver its
First Cargo in July.
About New Fortress Energy
Inc.
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.
Cautionary Statement Concerning
Forward-Looking Statements
This press release contains certain statements and information
that may constitute “forward-looking statements” within the meaning
of the Private Securities Litigation Reform Act of 1995. All
statements contained in this press release 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,” “can,” “could,” “should,”
“predicts,” “intends,” “plans,” “estimates,” “anticipates,”
“believes,” “schedules,” “progress,” “targets,” “budgets,”
“outlook,” “trends,” “forecasts,” “projects,” “guidance,” “focus,”
“on track,” “goals,” “objectives,” “strategies,” “opportunities,”
“poised,” or the negative version of those words or other
comparable words. Forward looking statements include: the
successful timing of first LNG and first cargo at the Company’s
first Fast LNG liquefaction facility. 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: risks related to the
timing and amounts of first LNG and first cargo at the Company’s
first Fast LNG liquefaction facility the Company’s first Fast LNG
liquefaction facility and failure of our third-party contractors,
equipment manufacturers, suppliers and operators to perform their
obligations for the operation of the Company’s first Fast LNG
liquefaction facility. These factors are not necessarily all of the
important factors that could cause actual results to differ
materially from those expressed in any of the Company’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 any
forward-looking statements, even though our situation may change in
the future or we may become aware of new or updated information
relating to such forward-looking statements. 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 New Fortress Energy Inc.’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/20240614857836/en/
Investor Relations: Chance
Pipitone ir@newfortressenergy.com Media
Relations: Ben Porritt press@newfortressenergy.com (516)
268-7403
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