New Fortress Energy sees earnings gain in 2022
Energy infrastructure developer New Fortress Energy (NFE) reported 2022 net income of $184.8mn on February 28, up from $97.1mn in 2021. Adjusted EBITDA for the year was about $1.1bn.
NFE continued to advance its Fast LNG, with the first floating LNG units expected to achieve mechanical completion this spring and commence commercial operations by mid-2023.
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The first Fast LNG units will be deployed to develop a terminal, in partnership with Mexico’s state-owned electric utility CFE, off the coast of Altamira, Tamaulipas.