New Fortress Energy Enters UK Equivalent of Prepackaged Bankruptcy
New Fortress Energy (NFE) owns and operates natural gas and liquefied natural gas (LNG) infrastructure, along with an integrated fleet of ships and logistics assets, to rapidly deliver turnkey energy solutions to global markets. At one point, NFE planned to build an LNG liquefaction facility in Wyalusing, PA, to chill locally extracted Marcellus gas, which would be shipped by rail to a port on the Delaware River for export. Never happened. NFE announced yesterday that it has entered into a voluntary UK Restructuring Plan, which is roughly equivalent to a U.S. prepackaged bankruptcy. NFE will split into two companies, diluting existing shareholders’ stock ownership to roughly one-third of its previous value. Read More “New Fortress Energy Enters UK Equivalent of Prepackaged Bankruptcy”

The mystery may have been solved by MDN… In September 2022, the Delaware River Basin Commission (DRBC) voted to extend a permit to build a special LNG export dock along the shoreline of the Delaware River in New Jersey by an extra three years (see
Back in July, MDN told you that the New Fortress Energy project to build a regional LNG liquefaction plant in landlocked Wyalusing (Bradford County), PA, was dead and buried, given the company had changed its plans for the site (see
In September 2022, the Delaware River Basin Commission (DRBC), a dysfunctional, hot mess of an organization, voted to extend a permit to build the special LNG export dock along the shoreline of the Delaware River in New Jersey by an extra three years (see
We had heard rumors that the LNG liquefaction plant planned by New Fortress Energy (NFE) for Wyalusing in Bradford County, PA, was being dropped in favor of an alternative. Namely, a gas-fired power plant project. We can now confirm that the rumors are true. The Pennsylvania Department of Environmental Protection (DEP) published notice in the July 12 PA Bulletin inviting comments on an air permit for the proposed 248 megawatt (MW) Wyalusing Energy Center, a natural gas-fired power plant in Wyalusing Township, to be used to power a data center. The power plant permit is for the exact location where the LNG liquefaction plant was planned.
In January, Joementia announced he would “pause” any approvals for new LNG export plants (currently 17 requests in the pipeline) for at least one year while his people fart around pretending to figure out how to measure global warming as a new consideration for whether or not to approve such projects (see
Earlier this month, MDN brought you the great news that New Fortress Energy’s (NFE) proposed Wyalusing LNG export plant (in Bradford County, PA) and a docking facility in Gibbstown (in New Jersey, along the Delaware River) to load ships with PA-produced LNG, are not dead yet (see
Last year in March and then again in May, New Fortress Energy (NFE) confirmed to the Securities and Exchange Commission (SEC) that it plans to apply for updated permits to build an LNG export plant in landlocked northeastern Pennsylvania (see 
New Fortress Energy (NFE) plans to build an LNG liquefaction facility in Bradford County, PA–in the northeastern part of the state (see
When a government agency says it will “study” something, that means you can kiss it goodbye. It’s lights out. Our country has a serious problem: insufficient pipelines to get natural gas where it needs to go. In June 2020, during the Trump administration, the U.S. Department of Transportation’s (DOT) Pipeline and Hazardous Materials Safety Administration (PHMSA), in coordination with the Federal Railroad Administration (FRA), published final rules to allow LNG to be safely transported by special rail cars (see
In March, MDN brought you the news that New Fortress Energy (NFE) confirmed with the Securities and Exchange Commission (SEC) that it plans to apply for updated permits to build an LNG export plant in landlocked northeastern Pennsylvania (see
THE Delaware Riverkeeper appears to be obsessed with New Fortress Energy’s plan to liquefy natural gas in Bradford County, PA, and ship it via rail and truck to a former DuPont dynamite factory site in New Jersey along the Delaware River for export. Riverkeeper released a “report” (propaganda) bashing the LNG export plan. Riverkeeper paid a consulting firm that hires itself out to Big Green groups to produce the report.
On December 5, 2019, the PHMSA (Pipeline and Hazardous Materials Safety Administration) granted a special permit to Energy Transport Solutions, LLC (i.e. New Fortress Energy) to transport LNG in DOT-113C120 rail tanker cars between Wyalusing, PA and Gibbstown, NJ (see 