New Fortress Energy Sells Small Miami LNG Plant to Pennybacker
We’ve talked plenty about the big LNG export facilities scattered along the Gulf Coast that export a fair amount of Marcellus/Utica molecules (and the two LNG export sites on the East Coast, both of which export 100% M-U molecules). We now and again talk about some of the smaller LNG export operations, including a couple of small operations along the Atlantic Coast of Florida. This story is about one of the latter. Last week, investment firm Pennybacker Capital Management announced it had closed on purchasing New Fortress Energy's (NFG) Miami (Florida) LNG business for an undisclosed amount. We don't have proof, but we suspect that at least some Marcellus/Utica molecules flow to the facility, making this transaction of interest to the MDN audience.
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