Pennybacker’s Miami LNG Changes Name to Sawgrass LNG & Power

We’ve talked plenty about the big LNG export facilities scattered along the Gulf Coast that export a fair amount of Marcellus/Utica molecules, along with the two LNG export sites on the East Coast, both of which export 100% M-U molecules (Cove Point and Elba Island LNG). We sometimes talk about the smaller LNG export operations, including a couple along the Atlantic Coast of Florida. This story is about one of the latter. Last November, investment firm Pennybacker Capital Management announced it had closed on purchasing New Fortress Energy’s (NFG) Miami (Florida) LNG business for an undisclosed amount (see New Fortress Energy Sells Small Miami LNG Plant to Pennybacker). Pennybacker has just rebranded Miami LNG and now calls it Sawgrass LNG & Power.

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