New Fortress Energy has a unique business model. The company builds the plants to liquefy and export natural gas (LNG), the facilities (in other countries) to import the LNG, and even some of the gas-fired power plants that will use the gas to produce electricity in those countries. Our primary interest in New Fortress is a series of LNG export plants they are building in landlocked northeastern Pennsylvania (see Work Continues to Clear Site for NEPA Landlocked LNG Export Plant). The company has just signed a deal for $800 million loan to fund its LNG “terminals and infrastructure around the world.”
New Fortress Energy has a unique business model. The company builds the plants to liquefy and export natural gas (LNG), the facilities (in other countries) to import the LNG, and even some of the gas-fired power plants that will use the gas to produce electricity in those countries. Our primary interest in New Fortress is a series of LNG export plants they are building in landlocked northeastern Pennsylvania (see 