New Fortress Energy Signs Agreements with Unigel to Provide Natural Gas to Fertilizer Plants in the States of Sergipe and Bahia
In total, NFE expects to supply
“We are excited to become the strategic gas supply partner of
The supply of gas from NFE’s strategically-located Suape and Sergipe LNG terminals in Brazil’s northeast will connect Unigel’s operations to the global LNG and natural gas markets as well as significantly reduce pipeline transportation charges.
“We believe that this 5-year term agreement with NFE will provide a more reliable, stable operation for our plants in the long run, which is key to improve our competitiveness and solidify our commercial presence in Brazil,” said
Unigel’s Fertilizer Plants are capable of producing over 3,000 tons per day of urea in total.
The transaction is subject to the receipt of certain regulatory approvals and other customary conditions.
About Unigel Participações
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This communication contains forward-looking statements. All statements contained in this communication other than historical information are forward-looking statements that involve known and unknown risks and relate to future events, our future financial performance or our projected business results. You can identify these forward-looking statements by the use of forward-looking words such as “expects,” “may,” “will,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative version of those words or other comparable words. Forward looking statements include: the supply of natural gas to the Fertilizer Plants including the locations from where we will supply and the expected annual quantities and delivery dates; if and when the option to supply Unigel’s chemical facility will be exercised; the value our LNG import terminals will provide to customers in
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