New Fortress Energy Signs Long-Term LNG Export Agreement

New Fortress Energy, which funds and builds LNG (liquefied natural gas) infrastructure to "help accelerate the world’s transition to clean energy," yesterday announced it has signed a 10-year supply agreement for the purchase of 27.5 million MMBtu per annum of LNG (approximately 8 cargoes a year) to an unnamed buyer at a price indexed to Henry Hub--through January 2030. The announcement does not contain details about who the buyer may be, or what the actual price is they will receive--but we have some speculation about all that.

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