0001140361-21-008724 | 10-K | XBRL Viewer

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
Document and Entity Information - USD ($) $ in Millions	Dec. 31, 2020	Mar. 15, 2021	Jun. 30, 2020
Cover page.
Entity Registrant Name	New Fortress Energy Inc.
Entity Central Index Key	0001749723
Current Fiscal Year End Date	--12-31
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Period End Date	Dec. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Document Transition Report	false
Entity File Number	001-38790
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	83-1482060
Entity Address, Address Line One	111 W. 19th Street
Entity Address, Address Line Two	8th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10011
City Area Code	516
Local Phone Number	268-7400
Title of 12(b) Security	Class A common stock
Trading Symbol	NFE
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 417.4
Entity Common Stock, Shares Outstanding		175,958,649

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 601,522	$ 27,098
Restricted cash	12,814	30,966
Receivables, net of allowances of $98 and $0, respectively	76,544	49,890
Inventory	22,860	63,432
Prepaid expenses and other current assets, net	48,270	39,734
Total current assets	762,010	211,120
Restricted cash	15,000	34,971
Construction in progress	234,037	466,587
Property, plant and equipment, net	614,206	192,222
Right-of-use assets	141,347	0
Intangible assets, net	46,102	43,540
Finance leases, net	7,044	91,174
Deferred tax assets, net	2,315	34
Other non-current assets, net	86,030	84,166
Total assets	1,908,091	1,123,814
Current liabilities
Accounts payable	21,331	11,593
Accrued liabilities	90,352	54,943
Current lease liabilities	35,481	0
Due to affiliates	8,980	10,252
Other current liabilities	35,006	25,475
Total current liabilities	191,150	102,263
Long-term debt	1,239,561	619,057
Non-current lease liabilities	84,323	0
Deferred tax liabilities, net	2,330	241
Other long-term liabilities	15,641	14,929
Total liabilities	1,533,005	736,490
Commitments and contingences (Note 17)
Stockholders' equity
Additional Paid in Capital	594,534	0
Accumulated deficit	(229,503)	(45,823)
Accumulated other comprehensive income (loss)	182	(30)
Total stockholders' equity attributable to NFE	366,959	84,805
Non-controlling interest	8,127	302,519
Total stockholders' equity	375,086	387,324
Total liabilities and stockholders' equity	1,908,091	1,123,814
Class A Common Stock [Member]
Stockholders' equity
Common stock	1,746	0
Class A Shares [Member]
Stockholders' equity
Common stock	0	130,658
Class B Shares [Member]
Stockholders' equity
Common stock	$ 0	$ 0

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Current assets
Allowances for receivables	$ 98	$ 0
Class A Common Stock [Member]
Stockholders' equity
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	750,000,000.0
Common stock, shares issued (in shares)	174,600,000
Shares outstanding (in shares)	174,622,862
Class A Shares [Member]
Stockholders' equity
Common stock, shares issued (in shares)	0	23,600,000
Shares outstanding (in shares)	0	23,600,000
Class B Shares [Member]
Stockholders' equity
Common stock, shares issued (in shares)	0	144,300,000
Shares outstanding (in shares)	0	144,300,000

Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenues
Operating revenue	$ 318,311	$ 145,500	$ 96,906
Other revenue	133,339	43,625	15,395
Total revenues	451,650	189,125	112,301
Operating expenses
Cost of sales	278,767	183,359	95,742
Operations and maintenance	47,581	26,899	9,589
Selling, general and administrative	124,170	152,922	62,137
Contract termination charges and loss on mitigation sales	124,114	5,280	0
Depreciation and amortization	32,376	7,940	3,321
Total operating expenses	607,008	376,400	170,789
Operating loss	(155,358)	(187,275)	(58,488)
Interest expense	65,723	19,412	11,248
Other expense (income), net	5,005	(2,807)	(784)
Loss on extinguishment of debt, net	33,062	0	9,568
Loss before taxes	(259,148)	(203,880)	(78,520)
Tax expense (benefit)	4,817	439	(338)
Net loss	(263,965)	(204,319)	(78,182)
Net loss attributable to non-controlling interest	81,818	170,510	106
Net loss attributable to stockholders	$ (182,147)	$ (33,809)	(78,076)
Net loss per share - basic and diluted (in dollars per share)	$ (1.71)	$ (1.62)
Weighted average number of shares outstanding - basic and diluted (in shares)	106,654,918	20,862,555
Other comprehensive loss:
Net loss	$ (263,965)	$ (204,319)	(78,182)
Unrealized (gain) loss on currency translation adjustment	(2,005)	219	0
Unrealized loss on available-for-sale investment	0	0	2,677
Comprehensive loss	(261,960)	(204,538)	(80,859)
Comprehensive loss attributable to non-controlling interest	80,025	170,699	106
Comprehensive loss attributable to stockholders	$ (181,935)	$ (33,839)	$ (80,753)

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Members' Capital [Member]	Common Stock [Member] Class A Shares [Member]	Common Stock [Member] Class B Shares [Member]	Common Stock [Member] Class A Common Stock [Member]	Additional Paid-in Capital [Member]	Stock Subscription Receivable [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive (Loss) Income [Member]	Non-controlling Interest [Member]	Total	Cumulative Effect, Period of Adoption, Adjustment [Member] Stock Subscription Receivable [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Accumulated Deficit [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Accumulated Other Comprehensive (Loss) Income [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Non-controlling Interest [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance at Dec. 31, 2017	$ 406,591	$ 0	$ 0	$ 0	$ 0	$ (50,000)	$ (80,347)	$ 2,666	$ 0	$ 278,910
Balance (in shares) at Dec. 31, 2017	65,665,037	0	0	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss							(78,076)		(106)	(78,182)
Other comprehensive income (loss)								(2,677)		(2,677)
Capital contributions	$ 20,150									20,150
Capital contributions (in shares)	665,843
Stock subscription receivable						50,000				50,000
Stock subscription receivable (in shares)	1,652,215
Acquisition of Shannon LNG									14,446	14,446
Balance at Dec. 31, 2018	$ 426,741	$ 0	$ 0	$ 0	0	0	(158,423)	(11)	14,340	282,647
Balance (in shares) at Dec. 31, 2018	67,983,095	0	0	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss										(204,319)
Balance at Dec. 31, 2019	$ 0	$ 130,658	$ 0	$ 0	0	0	(45,823)	(30)	302,519	387,324	$ 0	$ (1,533)	$ 0	$ (7,780)	$ (9,313)
Balance (in shares) at Dec. 31, 2019	0	23,607,096	144,342,572	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss					0	0	(182,147)	0	(81,818)	(263,965)
Issuance of Class A shares in the IPO, net of underwriting discount and offering costs				$ 59	290,712	0	0	0		290,771
Issuance of Class A shares in the IPO, net of underwriting discount and offering costs (in shares)				5,882,352
Issuance of Class A shares in the IPO, net of underwriting discount and offering costs									0
Other comprehensive income (loss)					0	0	0	212	1,793	2,005
Share-based compensation expense		$ 4,430			4,313	0	0	0	0	8,743
Exchange of NFI Units		$ 206,587			0	0	0	0	(206,587)	0
Exchange of NFI Units (in shares)		144,342,572	(144,342,572)	144,342,572
Issuance of shares for vested RSUs					0	0	0	0	0	0
Issuance of shares for vested RSUs (in shares)		1,224,436		160,317
Shares withheld from employees related to share-based compensation, at cost					(6,468)	0	0	0	0	(6,468)
Shares withheld from employees related to share-based compensation, at cost (in shares)				(593,911)
Conversion from LLC to Corporation		$ (341,675)		$ 1,687	339,988	0	0	0	0	0
Conversion from LLC to Corporation (in shares)		(169,174,104)		169,174,104
Dividends					(34,011)					(34,011)
Balance at Dec. 31, 2020		$ 0	$ 0	$ 1,746	$ 594,534	$ 0	$ (229,503)	$ 182	$ 8,127	$ 375,086
Balance (in shares) at Dec. 31, 2020		0	0	174,622,862

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities
Net loss	$ (263,965)	$ (204,319)	$ (78,182)
Adjustments for:
Amortization of deferred financing costs	10,519	5,873	4,023
Depreciation and amortization	33,303	8,641	4,034
Non-cash contract termination charges and loss on mitigation sales	19,114	2,622	0
Loss on extinguishment and financing expenses	37,090	0	3,188
Deferred taxes	2,754	392	(345)
Share-based compensation	8,743	41,205	0
Other	4,341	1,247	439
Changes in operating assets and liabilities:
(Increase) in receivables	(26,795)	(19,754)	(9,516)
Decrease (Increase) in inventories	23,230	(50,345)	(4,807)
(Increase) in other assets	(35,927)	(39,344)	(28,338)
Decrease in right-of-use assets	41,452	0	0
Increase in accounts payable/accrued liabilities	55,514	3,036	12,232
(Decrease) Increase in amounts due to affiliates	(1,272)	5,771	2,390
(Decrease) in lease liabilities	(42,094)	0	0
Increase in other liabilities	8,427	10,714	1,655
Net cash used in operating activities	(125,566)	(234,261)	(93,227)
Cash flows from investing activities
Capital expenditures	(156,995)	(377,051)	(181,151)
Acquisition of consolidated subsidiary	0	0	(4,028)
Other investing activities	(636)	887	724
Net cash used in investing activities	(157,631)	(376,164)	(184,455)
Cash flows from financing activities
Proceeds from borrowings of debt	2,095,269	347,856	280,600
Payment of deferred financing costs	(36,499)	(8,259)	(14,026)
Repayment of debt	(1,490,002)	(5,000)	(76,520)
Proceeds from IPO	0	274,948	0
Proceeds from issuance of Class A common stock	291,992	0
Payments related to tax withholdings for share-based compensation	(6,413)	0	0
Payment of dividends	(33,742)	0	0
Capital contributed from Members	0	0	20,150
Collection of subscription receivable	0	0	50,000
Payment of stock issuance costs	(1,107)	(6,938)	0
Net cash provided by financing activities	819,498	602,607	260,204
Net increase (decrease) in cash, cash equivalents and restricted cash	536,301	(7,818)	(17,478)
Cash, cash equivalents and restricted cash - beginning of period	93,035	100,853	118,331
Cash, cash equivalents and restricted cash - end of period	629,336	93,035	100,853
Supplemental disclosure of non-cash investing and financing activities:
Changes in accounts payable and accrued liabilities associated with construction in progress and property, plant and equipment additions	(12,786)	(48,150)	74,280
Cash paid for interest, net of capitalized interest	27,255	6,765	7,515
Cash paid for taxes	$ 58	$ 28	$ 0

Organization

12 Months Ended

Dec. 31, 2020

Organization [Abstract]

Organization

1.	Organization

New Fortress Energy Inc. (“NFE,” together with its subsidiaries, the “Company”) is a Delaware corporation formed by New Fortress Energy Holdings LLC (“New Fortress Energy Holdings”). The Company is a global integrated gas-to-power infrastructure company that seeks to use natural gas to satisfy the world’s large and growing power needs and is engaged in providing energy and development services to end-users worldwide seeking to convert their operating assets from diesel or heavy fuel oil to LNG. The Company currently sources LNG from a combination of its own liquefaction facility in Miami, Florida and purchases on the open market. The Company has liquefaction, regasification and power generation operations in the United States and Jamaica.

The Company manages, analyzes and reports on its business and results of operations on the basis of one operating segment. The chief operating decision maker makes resource allocation decisions and assesses performance based on financial information presented on a consolidated basis.

Significant accounting policies

12 Months Ended

Dec. 31, 2020

Significant accounting policies [Abstract]

Significant accounting policies

2.	Significant accounting policies

The principle accounting policies adopted are set out below.

(a)	Basis of presentation and principles of consolidation

The accompanying consolidated financial statements contained herein were prepared in accordance with GAAP. The consolidated financial statements include the accounts of the Company and its wholly-owned and majority-owned consolidated subsidiaries. The ownership interest of other investors in consolidated subsidiaries is recorded as a non-controlling interest. All significant intercompany transactions and balances have been eliminated on consolidation. Certain prior year amounts have been reclassified to conform to current year presentation.

On February 4, 2019, the Company completed an initial public offering (“IPO”) and a series of other transactions, in which the Company issued and sold 20,000,000 Class A shares at an IPO price of $14.00 per share. The Company’s Class A shares began trading on NASDAQ Global Select Market (“NASDAQ”) under the symbol “NFE” on January 31, 2019. Net proceeds from the IPO were $257.0 million, after deducting underwriting discounts and commissions and transaction costs. These proceeds were contributed to New Fortress Intermediate LLC (“NFI”), an entity formed in conjunction with the IPO, in exchange for 20,000,000 limited liability company units in NFI (“NFI LLC Units”). In addition, New Fortress Energy Holdings contributed all of its interests in consolidated subsidiaries that comprised substantially all of its historical operations to NFI in exchange for NFI LLC Units. In connection with the IPO, New Fortress Energy Holdings also received 147,058,824 Class B shares of NFE, which is equal to the number of NFI LLC Units held by New Fortress Energy Holdings immediately following the IPO. New Fortress Energy Holdings retained a significant interest in NFE through its ownership of 147,058,824 Class B shares, representing an 88.0% voting and non-economic interest. New Fortress Energy Holdings also had an 88.0% economic interest in NFI through its ownership of 147,058,824 of NFI LLC Units. New Fortress Energy Holdings is NFE’s predecessor for accounting purposes.

On March 1, 2019, the underwriters of the IPO exercised their option to purchase an additional 837,272 Class A shares at the IPO price of $14.00 per share, less underwriting discounts, which resulted in $11.0 million in additional net proceeds after deducting $0.7 million of underwriting discounts and commissions, such that there were 20,837,272 outstanding Class A shares. In connection with the exercise of the underwriters’ option to purchase an additional 837,272 Class A shares, NFE contributed such additional net proceeds to NFI in exchange for 837,272 NFI LLC Units.

Until the Exchange Transactions (as defined below) were completed, NFE was a holding company whose sole material asset was a controlling equity interest in NFI. As the sole managing member of NFI, NFE operated and controlled all of the business and affairs of NFI, and through NFI and its subsidiaries, conducted the Company’s historical business. The contribution of the assets of New Fortress Energy Holdings and net proceeds from the IPO to NFI was treated as a reorganization of entities under common control (the “Reorganization”). As a result, NFE presented the consolidated balance sheets and statements of operations and comprehensive loss of New Fortress Energy Holdings for all periods prior to the IPO.

On June 3, 2020, the Company entered into a mutual agreement (the “Mutual Agreement”) with the members holding the majority voting interest in New Fortress Energy Holdings (“Exchanging Members”) and NFE Sub LLC, a wholly-owned subsidiary of NFE. Pursuant to the Mutual Agreement, the Exchanging Members agreed to deliver a block redemption notice in accordance with the Amended and Restated Limited Liability Company Agreement of NFI (the “NFI LLCA”) with respect to all of the NFI LLC Units, together with an equal number of Class B shares of NFE, that such Exchanging Members indirectly own as members of New Fortress Energy Holdings. Pursuant to the Mutual Agreement, NFE agreed to exercise the Call Right (as defined in the NFI LLCA), pursuant to which NFE would acquire such NFI LLC Units and such Class B shares in exchange for Class A shares of NFE (the “Exchange Transactions”). The Exchange Transactions were completed on June 10, 2020. In connection with the closing of the Exchange Transactions, NFE issued 144,342,572 Class A shares in exchange for an equal number of NFI LLC Units, together with an equal number of Class B shares of NFE. Following the completion of the Exchange Transactions, NFE owns all of the NFI LLC Units directly or indirectly and no Class B shares remain outstanding.

Prior to the Exchange Transactions, the Company recognized the Exchanging Members’ economic interest in NFI as non-controlling interest in the Company’s consolidated financial statements. Results of operations for the period prior to the date of the Exchange Transactions, June 10, 2020, was attributed to non-controlling interest based on the Exchanging Members’ interest in NFI; subsequent to the Exchange Transactions, results of operations, excluding results attributable to other investors in non-wholly owned subsidiaries, were recognized as net income or loss attributable to stockholders. Amounts that were attributable to these Exchanging Members’ prior interest in NFI previously shown as non-controlling interest on the Company’s consolidated balance sheets have been reclassified to Class A shares.

On August 7, 2020, the Company converted New Fortress Energy LLC (“NFE LLC”) from a Delaware limited liability company to a Delaware corporation named New Fortress Energy Inc. (“the Conversion”). Since the IPO, NFE LLC has been a corporation for U.S. federal tax purposes and converting NFE LLC from a limited liability company to a corporation has no effect on the U.S. federal tax treatment of the Company or its shareholders. Upon the Conversion, each Class A share, representing Class A limited liability company interests of NFE LLC (“Class A shares”), outstanding immediately prior to the Conversion was converted into one issued and outstanding, fully paid and nonassessable share of Class A common stock, $0.01 par value per share, of NFE (“Class A common stock”). Class A shares shown on the Company’s consolidated statements of changes in stockholders’ equity were reclassified to Class A common stock and Additional paid-in capital with no change to total stockholders’ equity. As of December 31, 2020, NFE had 174,622,862 Class A common stock outstanding.

(b)	Use of estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include relative fair value allocations between revenue and lease components of contracts with customers, determination of current expected credit losses, the incremental borrowing rates used in the determination of lease liabilities, total consideration and fair value of identifiable net assets related to acquisitions and the fair value of equity awards granted to both employees and non-employees. Management evaluates its estimates and related assumptions regularly. Changes in facts and circumstances or additional information may result in revised estimates, and actual results may differ from these estimates.

(c)	Foreign currencies

The Company has certain foreign subsidiaries where the functional currency is the local currency. All of the assets and liabilities of these subsidiaries are translated to U.S. dollars at the exchange rate in effect at the balance sheet date; income and expense accounts are translated at average rates for the period. The effects of translating financial statements of foreign operations into our reporting currency are recognized as a cumulative translation adjustment in accumulated other comprehensive income (loss).

The Company also has foreign subsidiaries that have a functional currency of the U.S. dollar. Purchases and sales of assets and income and expense items denominated in foreign currencies are remeasured into U.S. dollar amounts on the respective dates of such transactions. Net realized foreign currency gains or losses relating to the differences between these recorded amounts and the U.S. dollar equivalent actually received or paid are included within Other expense (income), net in the consolidated statements of operations and comprehensive loss. Gains and losses on intercompany foreign currency transactions that are long-term in nature and which the Company does not intend to settle in the foreseeable future, are also recognized in accumulated other comprehensive income (loss). Accumulated foreign currency translation adjustments are reclassified from accumulated other comprehensive income (loss) to net income only when realized upon sale or upon complete or substantially complete liquidation of the investment in a foreign entity. If the Company commits to a plan to sell or liquidate a foreign entity, accumulated foreign currency translation adjustments would be included in carrying amounts in impairment assessments.

(d)	Cash and cash equivalents

The Company considers all highly liquid investments with an original maturity of three months or less at the time of purchase to be cash equivalents.

(e)	Restricted cash

Restricted cash consists of funds that are contractually restricted as to usage or withdrawal and have been presented separately from cash and cash equivalents on the consolidated balance sheets.

(f)	Receivables

Receivables are reported at amortized cost, net of an allowance for current expected credit losses. Amounts are written off against the allowance when management is certain that outstanding amounts will not be collected. The Company estimates expected credit losses based on relevant information about the current credit quality of customers, past events, including historical experience, and reasonable and supportable forecasts that affect the collectability of the reported amount. Credit loss expense, inclusive of credit loss expense on all categories of financial assets, is recorded within Selling, general and administrative in the consolidated statements of operations and comprehensive loss.

(g)	Inventories

LNG and natural gas inventories and automotive diesel oil inventories are recorded at weighted average cost, and materials and other inventory are recorded at cost. The Company’s cost to convert from natural gas to LNG, which primarily consists of labor, depreciation and other direct costs to operate liquefaction facilities, is reflected in Inventory on the consolidated balance sheets.

LNG is subject to “boil-off,” a natural loss of gas volume over time when LNG is exposed to environments with temperatures above its optimum storage state. Boil-off losses are expensed through Cost of sales in the consolidated statements of operations and comprehensive loss in instances where gas cannot be contained and recycled back into the production process.

(h)	Construction in progress

Construction in progress is recorded at cost, and at the point at which the constructed asset is put into use, the full cost of the asset is reclassified from Construction in progress to Property, plant and equipment, net or Finance leases, net on the consolidated balance sheets. Construction progress payments, engineering costs and other costs directly relating to the asset under construction are capitalized during the construction period, provided the completion of the construction project is deemed probable or if the costs are associated with activities that could be utilized in future projects. Depreciation is not recognized during the construction period.

The interest cost associated with major development and construction projects is capitalized during the construction period and included in the cost of the project in Construction in progress.

(i)	Property, plant and equipment, net

Property, plant and equipment is recorded at cost. Expenditures for construction activities and betterments that extend the useful life of the asset are capitalized. Major maintenance and overhauls are capitalized and depreciated over the expected period until the next anticipated major maintenance or overhaul, while expenditures for routine maintenance and repairs are charged to expense as incurred within Operations and maintenance in the consolidated statements of operations and comprehensive loss. The Company depreciates property, plant and equipment using the straight-line depreciation method over the estimated economic life of the asset or lease term, whichever is shorter using the following useful lives:

	Useful life (Yrs)
Terminal and power plant equipment	4-24
CHP facilities	4-20
Gas terminals	5-24
ISO containers and other equipment	3-25
LNG liquefaction facilities	20-40
Gas pipelines	4-24
Leasehold improvements	2-20

The Company reviews the remaining useful life of its assets on a regular basis to determine whether changes have taken place that would suggest that a change to depreciation policies is warranted.

Upon retirement or disposal of property, plant and equipment, the cost and related accumulated depreciation are removed from the account, and the resulting gains or losses, if any, are recorded in the consolidated statements of operations and comprehensive loss.

(j)	Asset retirement obligations (“AROs”)

AROs are recognized for legal obligations associated with the retirement of long-lived assets that result from the acquisition, leasing, construction, development and/or normal use of the assets and for conditional AROs in which the timing or method of settlement are conditional on a future event. The fair value of a liability for an ARO is recognized in the period in which the liability is incurred if a reasonable estimate of fair value can be made and is accreted to its final value over the life of the liability. The initial fair value of the liability is added to the carrying amount of the associated asset. This additional carrying amount is depreciated over the estimated useful life of the asset.

The Company estimates the fair value of the ARO liability based on the present value of expected cash flows using a credit-adjusted risk-free rate. Liabilities for AROs may be incurred over more than one reporting period if the events that create the obligation occur over more than one period or if estimates change. The liability is accreted to its present value each period and the capitalized cost is depreciated in Depreciation and amortization in the consolidated statements of operations and comprehensive loss. Upon settlement of the obligation, the Company eliminates the liability and based on the actual cost to retire, may incur a gain or loss. There were no settlements of AROs during the years ended December 31, 2020 and 2019.

(k)	Impairment of long-lived assets

The Company performs a recoverability assessment of long-lived assets whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Indicators may include, but are not limited to, adverse changes in the regulatory environment in a jurisdiction where the Company operates, unfavorable events impacting the supply chain for LNG to the Company’s operations, a decision to discontinue the development of a long-lived asset, early termination of a significant customer contract or the introduction of newer technology.

When performing a recoverability assessment, the Company measures whether the estimated future undiscounted net cash flows expected to be generated by the asset exceeds its carrying value. In the event that an asset does not meet the recoverability test, the carrying value of the asset will be adjusted to fair value resulting in an impairment charge.

Management develops the assumptions used in the recoverability assessment based on active contracts, current and future expectations of the global demand for LNG and natural gas, as well as information received from third party industry sources. The Company did not record an impairment during the years ended December 31, 2020, 2019 and 2018.

(l)	Investment in equity securities

Investment in equity securities is carried at fair value and included in Other non-current assets on the consolidated balance sheets, with gains or losses recorded in earnings in Other expense (income), net in the consolidated statements of operations and comprehensive loss.

(m)	Intangible assets

Upon a business combination or asset acquisition, the Company may obtain identifiable intangible assets. Intangible assets with a finite life are amortized over the estimated useful life of the asset under the straight-line method.

Indefinite lived intangible assets are not amortized. Intangible assets with an indefinite useful life are tested for impairment on an annual basis or more frequently if changes in circumstances indicate that it is more likely than not that the asset is impaired. Indefinite lived intangible assets are evaluated for impairment either under the qualitative assessment option or the two-step quantitative test. If the carrying amount of an intangible asset being tested for impairment exceeds its fair value, the excess is recognized as impairment expense in the consolidated statements of operations and comprehensive loss.

(n)	Long-term debt and debt issuance costs

The Company’s debt has historically consisted of credit facilities with financial institutions and secured and unsecured bonds. Costs directly related to the issuance of debt are reported on the consolidated balance sheets as a reduction from the carrying amount of the recognized debt liability and amortized over the term of the debt using the effective interest method. Interest and related amortization of debt issuance costs recognized during major development and construction projects are capitalized and included in the cost of the project.

(o)	Contingencies

The Company may be involved in legal actions in the ordinary course of business, including governmental and administrative investigations, inquiries and proceedings concerning employment, labor, environmental and other claims. The Company will recognize a loss contingency in the consolidated financial statements when it is probable a liability has been incurred and the amount of the loss can be reasonably estimated. The Company will disclose any loss contingencies that do not meet both conditions if there is a reasonable possibility that a loss may have been incurred. Gain contingencies are not recorded until realized.

(p)	Revenue recognition

The Company’s contracts with customers may contain one or several performance obligations usually consisting of the sale of LNG, natural gas, and beginning in the first quarter of 2020, power and steam which are outputs from the Company’s natural gas-fueled infrastructure. The transaction price for each of these contracts is structured using similar inputs and factors regardless of the output delivered to the customer. The customers consume the benefit of the natural gas, power and steam when they are delivered by the Company to the customer’s power generation facilities or interconnection facility. Natural gas, power and steam qualify as a series with revenue being recognized over time using an output method, based on the quantity of natural gas, power or steam that the customer has consumed. LNG is typically delivered in containers transported by truck to customer sites. Revenue from sales of LNG delivered by truck is recognized at the point in time at which physical possession and the risks and rewards of ownership transfer to the customer, either when the containers are shipped or delivered to the customers’ storage facilities, depending on the terms of the contract. Because the nature, timing and uncertainty of revenue and cash flows are substantially the same for LNG, natural gas, power and steam, the Company has presented Operating revenue on an aggregated basis. The Company has concluded that variable consideration included in its agreements meets the exception for allocating variable consideration. As such, the variable consideration for these contracts is allocated to each distinct unit of LNG, natural gas, power or steam delivered and recognized when that distinct unit is delivered to the customer.

The Company’s contracts with customers to supply natural gas or LNG may contain a lease of equipment. The Company allocates consideration received from customers between lease and non-lease components based on the relative fair value of each component. The fair value of the lease component is estimated based on the estimated standalone selling price of the same or similar equipment leased to the customer. The Company estimates the fair value of the non-lease component by forecasting volumes and pricing of gas to be delivered to the customer over the lease term.

The leases of certain facilities and equipment to customers are accounted for as finance or operating leases. The current and non-current portion of finance leases are recorded within Prepaid expenses and other current assets and Finance leases, net on the consolidated balance sheets, respectively. For finance leases accounted for as sales-type leases, the profit from the sale of equipment is recognized upon lease commencement in Other revenue in the consolidated statements of operations and comprehensive loss. The lease payments for finance leases are segregated into principal and interest components similar to a loan. Interest income is recognized on an effective interest method over the lease term and included in Other revenue in the consolidated statements of operations and comprehensive loss. The principal component of the lease payment is reflected as a reduction to the net investment in the lease. For the Company’s operating leases, the amount allocated to the leasing component is recognized over the lease term as Other revenue in the consolidated statements of operations and comprehensive loss.

In addition to the revenue recognized from the leasing components of agreements with customers, Other revenue includes revenue recognized from the construction, installation and commissioning of equipment, inclusive of natural gas delivered for the commissioning process, to transform customers’ facilities to operate utilizing natural gas or to allow customers to receive power or other outputs from our natural gas-fueled power generation facilities. Revenue from these development services is recognized over time as the Company transfers control of the asset to the customer or based on the quantity of natural gas consumed as part of commissioning the customer’s facilities until such time that the customer has declared such conversion services have been completed. If the customer is not able to obtain control over the asset under construction until such services are completed, revenue is recognized when the services are completed and the customer has control of the infrastructure. Such agreements may also include a significant financing component, and the Company recognizes revenue for the interest income component over the term of the financing as Other revenue.

The timing of revenue recognition, billings and cash collections results in receivables, contract assets and contract liabilities. Receivables represent unconditional rights to consideration; unbilled amounts typically result from sales under long-term contracts when revenue recognized exceeds the amount billed to the customer. Contract assets are comprised of the transaction price allocated to completed performance obligations that will be billed to customers in subsequent periods. Both unbilled receivables and contract assets are recognized within Prepaid expenses and other current assets, net and Other non-current assets, net on the consolidated balance sheets. Contract liabilities consist of deferred revenue and are recognized within Other current liabilities on the consolidated balance sheets.

Shipping and handling costs are not considered to be separate performance obligations. These costs are recognized in the period in which the costs are incurred and presented within Cost of sales in the consolidated statements of operations and comprehensive loss. All such shipping and handling activities are performed prior to the customer obtaining control of the LNG or natural gas.

The Company collects sales taxes from its customers based on sales of taxable products and remits such collections to the appropriate taxing authority. The Company has elected to present sales tax collections in the consolidated statements of operations and comprehensive loss on a net basis and, accordingly, such taxes are excluded from reported revenues.

The Company elected the practical expedient under which the Company does not adjust consideration for the effects of a significant financing component for those contracts where the Company expects at contract inception that the period between transferring goods to the customer and receiving payment from the customer will be one year or less.

(q)	Contract termination charges and loss on mitigation sales

The Company has long-term supply agreements to purchase LNG, and the Company may incur termination charges to the extent that the Company cancels such contractual arrangements. Further, if the Company is unable to take physical possession of a portion of the contracted quantity of LNG due to capacity limitations, the supplier will attempt to sell the undelivered quantity through a mitigation sale. The Company may incur a loss on a mitigation sale if the cargo is unable to be sold for a price greater than the contracted price. These costs are included in a separate line in the consolidated statements of operations and comprehensive loss because such costs are not related to inventory delivered to the Company’s customers.

During the year ended December 31, 2020, the Company recognized a termination charge of $105,000 associated with an agreement with one of the Company’s LNG suppliers to terminate the obligation to purchase any LNG from this supplier for the remainder of 2020. Loss on mitigation sales of $19,114 were recognized during the year ended December 31, 2020.

(r)	Leases, as lessee

Effective January 1, 2020, the Company adopted ASU 2016-02, Leases (Topic 842), using a modified retrospective approach. The Company has entered into lease agreements for the use of LNG vessels, marine port space, office space, land and equipment, all of which are operating leases. Right-of-use (“ROU”) assets recognized for these leases represent the Company’s right to use an underlying asset for the lease term, and the lease liabilities represent the Company’s obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at the lease commencement date based on the estimated present value of fixed lease payments over the lease term.

Leases with terms of 12 months or less are excluded from ROU assets and lease liabilities on the balance sheet, and short-term lease payments are recognized on a straight-line basis over the lease term. Variable payments under short-term leases are recognized in the period in which the obligation that triggers the variable payment becomes probable.

The Company, as lessee, has also elected the practical expedient not to separate lease and non-lease components for marine port space, office space, land and equipment leases. The Company separates the lease and non-lease components for LNG vessel leases. The allocation of lease payments between lease and non-lease components has been determined based on the relative fair value of each component. The fair value of the lease component is estimated based on the estimated standalone price to lease a bareboat LNG vessel. The fair value of the non-lease component is estimated based on the estimated standalone price of operating the respective vessel, inclusive of the costs of the crew and other operating costs.

The Company has elected the land easement practical expedient, which allows the Company to continue to account for pre-existing land easements as intangible assets under the accounting policy that existed before adoption of ASC 842.

(s)	Share-based compensation

In connection with the IPO, the Company adopted the New Fortress Energy LLC 2019 Omnibus Incentive Plan (the “Incentive Plan”), effective as of February 4, 2019. Under the Incentive Plan, the Company may issue options, share appreciation rights, restricted shares, restricted share units (“RSUs”), share bonuses or other share-based awards to selected officers, employees, non-employee directors and select non-employees of NFE or its affiliates. The Company accounts for share-based compensation in accordance with ASC 718, Compensation – Stock Compensation, and ASC 505, Equity, which require all share-based payments to employees and members of the board of directors to be recognized as expense in the consolidated financial statements based on their grant date fair values. The Company has elected not to estimate forfeitures of its share-based compensation awards but recognizes the reversal in compensation expense in the period in which the forfeiture occurs.

During the first quarter of 2020, the Company granted performance share units (“PSUs”) to certain employees and non-employees. The PSUs contain a performance condition, and vesting will be determined based on achievement of an adjusted operating margin for the year ended December 31, 2021.

(t)

Taxation

Federal and state income taxes

The Company accounts for income taxes in accordance with ASC 740, “Accounting for Income Taxes” (“ASC 740”), under which deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts and the tax bases of assets and liabilities by applying the enacted tax rates in effect for the year in which the differences are expected to reverse. Such net tax effects on temporary differences are reflected on the Company’s consolidated balance sheets as deferred tax assets and liabilities. Deferred tax assets are reduced by a valuation allowance when the Company believes that it is more-likely-than-not that some portion or all of the deferred tax assets will not be realized.

The Company recognizes the effect of tax positions only if those positions are more likely than not of being sustained. Recognized tax positions are measured at the largest amount that is greater than 50 percent likely of being realized. Conclusions reached regarding tax positions are continually reviewed based on ongoing analyses of tax laws, regulations and interpretations thereof. To the extent that the Company’s assessment of the conclusions reached regarding tax positions changes as a result of the evaluation of new information, such change in estimate will be recorded in the period in which such determination is made. The Company reports interest and penalties relating to an underpayment of income taxes, if applicable, as a component of income tax expense.

The Company has elected to treat amounts incurred under the global intangible low-taxed income (“GILTI”) rules as an expense in the period in which the tax is accrued. Accordingly, no deferred tax assets or liabilities are recorded related to GILTI.

Foreign taxes

Certain subsidiaries of the Company are subject to income tax in the local jurisdiction in which they operate; foreign taxes are computed based on the taxable income and the local jurisdictional tax rate.

Other taxes

Certain subsidiaries may be subject to payroll taxes, excise taxes, property taxes, sales and use taxes, in addition to income taxes in foreign countries in which they conduct business. In addition, certain subsidiaries are exposed to local state taxes, such as franchise taxes. Local state taxes that are not income taxes are recorded within Other expense (income), net in the consolidated statements of operations and comprehensive loss.

(u)	Net loss per share

Basic net loss per share (“EPS”) is computed by dividing net loss attributable to Class A common stock by the weighted average number of shares of Class A common stock outstanding during the period following the Reorganization. Class B shares represented non-economic interests in the Company, and as such, prior to the Exchange Transactions, earnings were not allocated to Class B shares.

The dilutive effect of outstanding awards, if any, is reflected in diluted earnings per share by application of the treasury stock method or if-converted method, as applicable. For the years ended December 31, 2020 and 2019, there were no potentially dilutive shares outstanding.

Adoption of new and revised standards

12 Months Ended

Dec. 31, 2020

Adoption of new and revised standards [Abstract]

Adoption of new and revised standards

3.	Adoption of new and revised standards

Following the issuance of Senior Secured Notes (defined below) on September 2, 2020, the Company ceased to qualify as an “emerging growth company” or EGC and is required to accelerate the adoption of certain new or revised accounting pronouncements. The adoption dates below reflect the changes as a result of no longer qualifying as an EGC.

(a)	New standards, amendments and interpretations issued but not effective for the financial year beginning January 1, 2020:

In December 2019, the Financial Accounting Standards Board (“FASB”) issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU 2019-12”), which simplifies the accounting for income taxes, including removing certain exceptions related to the general principles in ASU 740, Income Taxes. ASU 2019-12 also clarifies and simplifies other aspects of the accounting for income taxes. The new standard is effective for interim and annual periods beginning after December 15, 2020, and early adoption is permitted. The Company will adopt ASC 2019-12 in the first quarter of 2021 and does not expect the adoption of this new standard to materially impact the Company’s financial position, results of operations or cash flows.

In August 2020, the FASB issued ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity (ASU 2020-06). ASU 2020-06 simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity. ASU 2020-06 requires entities to provide expanded disclosures about the terms and features of convertible instruments and amends certain guidance in ASC 260 on the computation of EPS for convertible instruments and contracts on an entity’s own equity. ASU 2020-06 is effective for public companies for fiscal years beginning after December 15, 2021, and interim periods within those fiscal years, with early adoption of all amendments in the same period permitted. The Company is currently assessing the impact of adoption of this guidance.

(b)	New and amended standards adopted by the Company:

In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Disclosure Framework – Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”), which requires financial assets measured at amortized cost basis, including trade receivables, to be presented net of the amount expected to be collected. The measurement of all expected credit losses will be based on relevant information about the credit quality of customers, past events, including historical experience, and reasonable and supportable forecasts that affect the collectability of the reported amount. Upon the loss of EGC status, ASU 2016-13 was adopted in the third quarter of 2020 with an effective date of January 1, 2020. The Company elected to apply the modified retrospective transition method, which allowed the Company to begin recognizing and measuring current expected credit losses at January 1, 2020, without modifying the comparative period financial statements. In connection with the adoption of ASC 2016-13, the Company recorded a transition adjustment of $228 which was recorded as an adjustment to retained earnings. The Company recorded credit loss expense of $316 for the year ended December 31, 2020.

On February 25, 2016, the FASB issued ASU No. 2016-02, Leases (“ASC 842”), which amended the existing accounting standards for lease accounting, including requiring most leases to be recognized on a lessee’s balance sheet and making targeted changes to lessor accounting. The recognition, measurement and presentation of expenses and cash flows arising from a lease by a lessee will depend primarily on the lease’s classification as a finance or operating lease. However, unlike ASC 840, which required only capital leases to be recognized on the balance sheet, ASC 842 requires most leases to be recognized on the balance sheet as a ROU asset and a lease liability.

The Company adopted ASC 842 effective January 1, 2020 and elected to apply the modified retrospective transition method at the beginning of the period of adoption, which allowed the Company to begin recognizing and measuring leases under ASC 842 at January 1, 2020, without modifying the comparative period financial statements. Upon adoption of ASC 842, the Company recorded ROU assets and corresponding lease liabilities of $124,774 and $103,874, respectively.

The Company did not elect the package of practical expedients and therefore, as part of transition, the Company reassessed the previous conclusions made under ASC 840 related to the identification of leases, classification of leases and initial direct costs based on the standards of ASC 842. In connection with the reassessment of previous conclusions, the Company determined that the direct financing lease recognized related to the Montego Bay Facility is no longer a lease under ASC 842. The Company recognized a transition adjustment that removed the unamortized net investment in the direct financing lease and recognized the underlying assets as Property, plant and equipment, net of depreciation, that would have been recognized since the commissioning of the Montego Bay Facility, with the difference of approximately $9,085, net of taxes of $2,945, recorded as a reduction to retained earnings. Beginning in 2020, the Company recognized payments previously allocated to the leasing component of the gas sales agreement with this customer within Operating revenue in the consolidated statements of operations and comprehensive loss. Under ASC 840, amounts allocated to the leasing component had been recognized on an effective interest method over the lease term with only the portion representing interest income recognized as Other revenue.

In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”), which provides additional guidance to improve the effectiveness of disclosure requirements on fair value measurement. The Company has adopted ASU 2018-13 for the year beginning January 1, 2020. As this guidance is only related to qualitative financial disclosures, it did not have a material impact on the Company’s consolidated financial statements.

In August 2018, the FASB issued ASU 2018-15, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract, which requires a customer in a cloud computing arrangement that is a service contract to follow the internal-use software guidance in ASC 350-40 to determine which implementation costs to capitalize as assets. A customer’s accounting for the costs of the hosting component of the arrangement is not affected by the new guidance. The Company has early adopted ASU 2018-15 for the year beginning January 1, 2020, using the prospective transition approach. This approach did not require any adjustment to comparative financial statements. The Company has not capitalized a significant amount of implementation costs as a result of adopting this guidance in the year ended December 31, 2020, and the adoption did not result in material impact on the Company’s consolidated financial statements.

In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. The guidance provides temporary optional expedients and exceptions to the current guidance on contract modifications and hedge accounting to ease the financial reporting burdens related to the expected market transition from the London Interbank Offered Rate (“LIBOR”) and other interbank offered rates to alternative reference rates. The guidance was effective upon issuance and generally can be applied to applicable contract modifications and hedge relationships prospectively through December 31, 2022. The adoption of this guidance did not have a significant impact on the Company’s financial statements.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

+ References

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+ Details

Revenue from contracts with customers

12 Months Ended

Dec. 31, 2020

Revenue from contracts with customers [Abstract]

Revenue from contracts with customers

4.	Revenue from contracts with customers

Under most customer contracts, invoicing occurs once the Company’s performance obligations have been satisfied, at which point payment is unconditional. As of December 31, 2020 and 2019, receivables related to revenue from contracts with customers totaled $76,431 and $40,731, respectively, and were included in Receivables, net on the consolidated balance sheets, net of current expected credit losses of $98 and $0, respectively. Other items included in Receivables, net not related to revenue from contracts with customers represent receivables associated with reimbursable costs and leases which are accounted for outside the scope of ASC 606.

The Company has recognized contract liabilities, comprised of unconditional payments due or paid under the contracts with customers prior to the Company’s satisfaction of the related performance obligations. The performance obligations are expected to be satisfied during the next 12 months, and the contract liabilities are classified within Other current liabilities on the consolidated balance sheets. Contract assets are comprised of the transaction price allocated to completed performance obligations that will be billed to customers in subsequent periods. The contract liabilities and contract assets balances as of December 31, 2020 and 2019 are detailed below:

	December 31, 2020		December 31, 2019
Contract assets, net - current	$	3,673	$	3,787
Contract assets, net - non-current		23,972		19,474
Total contract assets, net	$	27,645	$	23,261

Contract liabilities	$	8,399	$	6,542

Revenue recognized in the year from:
Amounts included in contract liabilities at the beginning of the year	$	6,542	$	-

Contract assets are presented net of expected credit losses of $372 and $0 as of December 31, 2020 and 2019, respectively. As of December 31, 2020, the Company has unbilled receivables, net of current expected credit losses, of $6,818, of which $356 is presented within Other current assets and $6,462 is presented within Other non-current assets on the consolidated balance sheets. These unbilled receivables represent unconditional right to payment subject only to the passage of time.

Operating revenue which includes revenue from sales of LNG and natural gas as well as outputs from the Company’s natural gas-fueled power generation facilities, including power and steam, was $318,311, $145,500 and $96,906 for the years ended December 31, 2020, 2019 and 2018 respectively. During March 2020, the Company began to deliver power and steam recognizing $23,062 in operating revenue for the year ended December 31, 2020.

Other revenue includes revenue for development services as well as lease and other revenue. The table below summarizes the balances in Other revenue:

	Year Ended December 31,
	2020		2019		2018
Development services revenue	$	129,753	$	27,308	$	-
Lease and other revenue		3,586		16,317		15,395
Total other revenue	$	133,339	$	43,625	$	15,395

Development services revenue recognized in the year ended December 31, 2020 included $118,757 for the customer’s use of natural gas as part of commissioning their assets.

Transaction price allocated to remaining performance obligations

Some of the Company’s contracts are short-term in nature with a contract term of less than a year. The Company applied the optional exemption not to report any unfulfilled performance obligations related to these contracts.

The Company has arrangements in which LNG, natural gas or outputs from the Company’s power generation facilities are sold on a “take-or-pay” basis whereby the customer is obligated to pay for the minimum guaranteed volumes even if it does not take delivery. The price under these agreements is typically based on a market index plus a fixed margin. The fixed transaction price allocated to the remaining performance obligations under these arrangements is $4,357,054 as of December 31, 2020, representing the fixed margin multiplied by the outstanding minimum guaranteed volumes. The Company expects to recognize this revenue over the following time periods. The pattern of recognition reflects the minimum guaranteed volumes in each period:

Period	Revenue
2021	$	258,738
2022		250,226
2023		250,317
2024		249,804
2025		246,709
Thereafter		3,101,260
Total	$	4,357,054

For all other sales contracts that have a term exceeding one year, the Company has elected the practical expedient in ASC 606 under which the Company does not disclose the transaction price allocated to remaining performance obligations if the variable consideration is allocated entirely to a wholly unsatisfied performance obligation. For these excluded contracts, the sources of variability are (a) the market index prices of natural gas used to price the contracts, and (b) the variation in volumes that may be delivered to the customer. Both sources of variability are expected to be resolved at or shortly before delivery of each unit of LNG, natural gas, power or steam. As each unit of LNG, natural gas, power or steam represents a separate performance obligation, future volumes are wholly unsatisfied.

The Company has recognized costs to fulfill a contract with a significant customer, which primarily consist of expenses required to enhance resources to deliver under the agreement with the customer. As of December 31, 2020, the Company has capitalized $11,276, of which $588 of these costs is presented within Other current assets and $10,688 is presented within Other non-current assets on the consolidated balance sheets. As of December 31, 2019, the Company had capitalized $8,839, of which $331 of these costs was presented within Other current assets and $8,508 was presented within Other non-current assets on the consolidated balance sheets. In the first quarter of 2020, the Company began delivery under the agreement and started recognizing these costs on a straight-line basis over the expected term of the agreement.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

+ Details

Leases

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Leases

The Company has operating leases primarily for the use of LNG vessels, marine port space, office space, land and equipment under non-cancellable lease agreements. The Company’s leases may include multiple optional renewal periods that are exercisable solely at the Company’s discretion. Renewal periods are included in the lease term when the Company is reasonably certain that the renewal options would be exercised, and the associated lease payments for such periods are reflected in the ROU asset and lease liability.

The Company’s leases include fixed lease payments which may include escalation terms based on a fixed percentage or may vary based on an inflation index or other market adjustments. Escalations based on changes in inflation indices and market adjustments and other lease costs that vary based on the use of the underlying asset are not included as lease payments in the calculation of the lease liability or ROU asset; such payments are included in variable lease cost when the obligation that triggers the variable payment becomes probable. Variable lease cost includes contingent rent payments for office space based on the percentage occupied by the Company in addition to common area charges and other charges that are variable in nature. The Company also has a component of lease payments that are variable related to the LNG vessels, in which the Company may receive credits based on the performance of the LNG vessels during the period.

For the year ended December 31, 2020, the Company’s operating lease cost recorded within the consolidated statements of operations and comprehensive loss were as follows:

	December 31, 2020
Fixed lease cost	$	39,841
Variable lease cost		2,013
Short-term lease cost		1,454

Lease cost - Cost of sales	$	36,283
Lease cost - Operations and maintenance		2,501
Lease cost - Selling, general and administrative		4,524

For the year ended December 31, 2020, the Company has capitalized $10,457 of lease costs for vessels and port space used during the commissioning of development projects in addition to short-term lease costs for vessels chartered by the Company to bring inventory from a supplier’s facilities to the Company’s storage locations which are capitalized to inventory.

Cash paid for operating leases is reported in operating activities in the consolidated statements of cash flows. Supplemental cash flow information related to leases was as follows for the year ended December 31, 2020:

	December 31, 2020
Operating cash outflows for operating lease liabilities	$	45,934
Right-of-use assets obtained in exchange for new operating lease liabilities		182,799

The future payments due under operating leases as of December 31, 2020 are as follows:

	Operating Leases
2021	$	43,467
2022		29,949
2023		18,738
2024		17,884
2025		10,698
Thereafter		50,387
Total lease payments	$	171,123
Less: effects of discounting		51,319
Present value of lease liabilities	$	119,804

Current lease liability	$	35,481
Non-current lease liability		84,323

As of December 31, 2020, the weighted-average remaining lease term for all operating leases was 7.2 years. Because the Company generally does not have access to the rate implicit in the lease, the incremental borrowing rate is utilized as the discount rate. The weighted average discount rate associated with operating leases as of December 31, 2020 was 8.3%.

Future annual minimum lease payments for operating leases as of December 31, 2019, prepared in accordance with accounting standards prior to the adoption of ASC 842, were as follows:

Year ending December 31:
2020	$	37,776
2021		35,478
2022		18,387
2023		7,083
2024		7,151
Thereafter		26,458
Total	$	132,333

During the years ended December 31, 2019 and 2018, the Company recognized rental expense for all operating leases of $37,069 and $23,687, respectively, related primarily to LNG vessel time charters, office space, a land site lease and marine port berth leases.

The Company has entered into several leases for ISO tanks that have not commenced as of December 31, 2020 with noncancelable terms of 5 years and including fixed payments of approximately $19 million.

Lessor

In the Company’s agreements to sell LNG or natural gas to customers, the Company may also lease certain equipment to customers which are accounted for either as a finance or an operating lease. Property, plant and equipment subject to operating leases is included within ISO containers and other equipment within Note 11. Property, plant and equipment, net. The following is the amount of property, plant and equipment that is leased to customers:

	December 31, 2020
Property, plant and equipment	$	18,394
Accumulated depreciation		(932	)
Property, plant and equipment, net	$	17,462

The following table shows the expected future lease payments as of December 31, 2020, for 2021 through 2025 and thereafter:

	Future cash receipts
	Financing leases		Operating leases
2021	$	1,965	$	256
2022		2,065		247
2023		2,066		249
2024		2,068		234
2025		1,933		194
Thereafter		5,438		539
Total	$	15,535	$	1,719
Less: Imputed interest		7,119
Present value of total lease receipts	$	8,416

Current finance leases, net	$	1,372
Non-current finance leases, net		7,044

Fair value

12 Months Ended

Dec. 31, 2020

Fair value [Abstract]

Fair value

6.	Fair value

Fair value measurements and disclosures require the use of valuation techniques to measure fair value that maximize the use of observable inputs and minimize use of unobservable inputs. These inputs are prioritized as follows:

•	Level 1 – observable inputs such as quoted prices in active markets for identical assets or liabilities.

•	Level 2 – inputs other than quoted prices included within Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities or market corroborated inputs.

•	Level 3 – unobservable inputs for which there is little or no market data and which require the Company to develop its own assumptions about how market participants price the asset or liability.

The valuation techniques that may be used to measure fair value are as follows:

•	Market approach – uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities.

•	Income approach – uses valuation techniques, such as the discounted cash flow technique, to convert future amounts to a single present amount based on current market expectations about those future amounts.

•	Cost approach – based on the amount that currently would be required to replace the service capacity of an asset (replacement cost).

The following table presents the Company’s financial assets and financial liabilities that are measured at fair value as of December 31, 2020 and 2019:

	December 31, 2020
	Level 1		Level 2		Level 3		Total		Valuation technique
Assets										0
Cash and cash equivalents	$	601,522	$	-	$	-	$	601,522	Market approach
Restricted cash		27,814		-		-		27,814	Market approach
Investment in equity securities		1,095		-		-		1,095	Market approach
Total	$	630,431	$	-	$	-	$	630,431

Liabilities
Derivative liability¹	$	-	$	-	$	10,716	$	10,716	Income approach
Equity agreement²		-		-		22,768		22,768	Income approach
Total	$	-	$	-	$	33,484	$	33,484

	December 31, 2019
	Level 1		Level 2		Level 3		Total		Valuation technique
Assets										0
Cash and cash equivalents	$	27,098	$	-	$	-	$	27,098	Market approach
Restricted cash		65,937		-		-		65,937	Market approach
Investment in equity securities		2,540		-		-		2,540	Market approach
Total	$	95,575	$	-	$	-	$	95,575

Liabilities
Derivative liability¹	$	-	$	-	$	9,800	$	9,800	Income approach
Equity agreement²		-		-		16,800		16,800	Income approach
Total	$	-	$	-	$	26,600	$	26,600

⁽¹⁾	Consideration due to the sellers of Shannon LNG once first gas is supplied from the terminal to be built.

⁽²⁾	To be paid at the earlier of agreed-upon date or the date on which the valid planning permission is received as specified in the amended Shannon LNG Agreement.

The Company estimates fair value of the derivative liability and equity agreement using a discounted cash flows method with discount rates based on the average yield curve for bonds with similar credit ratings and matching terms to the discount periods as well as a probability of the contingent event occurring. The table below summarizes the fair value adjustment, recorded within Other expense (income), net in the consolidated statements of operations and comprehensive loss, and currency translation adjustment, recorded within the Other comprehensive loss, for the year ended December 31, 2020 and 2019:

	December 31, 2020		December 31, 2019
Fair value adjustment - Loss	$	4,408	$	121
Currency translation adjustment - Loss/(gain)		2,476		(280	)

During the years ended December 31, 2020 and 2019, the Company had no settlements of the equity agreement or derivative liability or any transfers in or out of Level 3 in the fair value hierarchy.

The liability associated with the equity agreement of $22,768 and $16,800 as of December 31, 2020 and 2019, respectively, is recorded within Other current liabilities on the consolidated balance sheets. The liability associated with the derivative liability of $10,716 and $9,800 as of December 31, 2020 and 2019, respectively, is recorded within Other long-term liabilities on the consolidated balance sheets.

The Company estimates fair value of outstanding debt using quoted market prices. The fair value of the Senior Secured Notes (defined below in “Note 15. Debt”) was approximately $1,327,488 as of December 31, 2020. The fair value estimate is classified as Level 2 in the fair value hierarchy.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Restricted cash

12 Months Ended

Dec. 31, 2020

Restricted cash [Abstract]

Restricted cash

7.	Restricted cash

As of December 31, 2020 and 2019, restricted cash consisted of the following:

	December 31, 2020		December 31, 2019
Collateral for performance under customer agreements	$	15,000	$	15,000
Collateral for LNG purchases		11,664		35,000
Collateral for letters of credit and performance bonds		900		7,388
Debt service reserve account		-		8,299
Other restricted cash		250		250
Total restricted cash	$	27,814	$	65,937

Current restricted cash	$	12,814	$	30,966
Non-current restricted cash		15,000		34,971

Inventory

12 Months Ended

Dec. 31, 2020

Inventory [Abstract]

Inventory

As of December 31, 2020 and 2019, inventory consisted of the following:

	December 31, 2020		December 31, 2019
LNG and natural gas inventory	$	13,986	$	57,436
Automotive diesel oil inventory		3,986		4,746
Bunker fuel, materials, supplies and other		4,888		1,250
Total inventory	$	22,860	$	63,432

Inventory is adjusted to the lower of cost or net realizable value each quarter. Changes in the value of inventory are recorded within Cost of sales in the consolidated statements of operations and comprehensive loss. The Company recorded an adjustment to the value of inventory of $0, $251 and $0 during the years ended December 31, 2020, 2019 and 2018, respectively.

Prepaid expenses and other current assets

12 Months Ended

Dec. 31, 2020

Prepaid expenses and other current assets [Abstract]

Prepaid expenses and other current assets

9.	Prepaid expenses and other current assets

As of December 31, 2020 and 2019, prepaid expenses and other current assets consisted of the following:

	December 31, 2020		December 31, 2019
Prepaid LNG	$	11,987	$	7,097
Prepaid expenses		4,941		7,458
Due from affiliates (Note 21)		1,881		1,577
Other current assets		29,461		23,602
Total prepaid expenses and other current assets, net	$	48,270	$	39,734

Other current assets as of December 31, 2020 and 2019 primarily consists of receivables for recoverable taxes.

Construction in progress

12 Months Ended

Dec. 31, 2020

Construction in progress [Abstract]

Construction in progress

10.	Construction in progress

The Company’s construction in progress activity during the years ended December 31, 2020 and 2019 is detailed below:

	December 31, 2020			December 31, 2019
Balance at beginning of period	$	466,587		$	254,700
Additions		118,530			315,188
Transferred to property, plant and equipment, net (Note 11)		(351,080	)		(103,301	)
Balance at end of period	$	234,037		$	466,587

Interest expense of $25,924, $25,172 and $1,732 was capitalized for the years ended December 31, 2020, 2019 and 2018, respectively, inclusive of amortized debt issuance costs disclosed in “Note 15. Debt.”

Property, plant and equipment, net

12 Months Ended

Dec. 31, 2020

Property, plant and equipment, net [Abstract]

Property, plant and equipment, net

11.	Property, plant and equipment, net

As of December 31, 2020 and 2019 the Company’s property, plant and equipment, net consisted of the following:

	December 31, 2020			December 31, 2019
Terminal and power plant equipment	$	188,855		$	14,981
CHP facilities		119,723			-
Gas terminals		120,810			53,380
ISO containers and other equipment		100,137			42,704
LNG liquefaction facilities		63,213			62,929
Gas pipelines		58,974			11,684
Land		16,246			15,401
Leasehold improvements		8,723			8,054
Accumulated depreciation		(62,475	)		(16,911	)
Total property, plant and equipment, net	$	614,206		$	192,222

Depreciation for years ended December 31, 2020, 2019 and 2018 totaled $32,116, $7,527 and $3,900, respectively, of which $927, $701 and $713, respectively, is included within Cost of sales in the consolidated statements of operations and comprehensive loss.

Intangible assets, net

12 Months Ended

Dec. 31, 2020

Intangible assets, net [Abstract]

Intangible assets, net

12.	Intangible assets, net

The following table summarizes the composition of intangible assets as of December 31, 2020 and 2019:

	December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Life
Definite-lived intangible assets
Shannon LNG permits	$	45,897	$	2,438	$	43,459		40
Easements		1,559		190		1,369		30

Indefinite-lived intangible assets
Easements		1,274		-		1,274		n/a
Total intangible assets	$	48,730	$	2,628	$	46,102

	December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Life
Definite-lived intangible assets
Shannon LNG permits	$	42,157	$	1,198	$	40,959		40
Easements		1,559		139		1,420		30

Indefinite-lived intangible assets
Easements		1,161		-		1,161		n/a
Total intangible assets	$	44,877	$	1,337	$	43,540

As of December 31, 2020 and 2019, the weighted-average remaining amortization periods for the intangible assets was 37.5 years and 38.8 years, respectively. As of January 1, 2020, intangible assets associated with favorable lease terms in acquired leases have been reclassified as ROU assets as a result of adoption of ASC 842.

Amortization for the years ended December 31, 2020 and 2019 totaled $1,120 and $1,114, respectively. The estimated aggregate amortization expense for each of the next five years is:

Year ending December 31:
2021	$	1,199
2022		1,199
2023		1,199
2024		1,199
2025		1,199
Thereafter		38,833
Total	$	44,828

Other non-current assets

12 Months Ended

Dec. 31, 2020

Other non-current assets [Abstract]

Other non-current assets

13.	Other non-current assets

As of December 31, 2020 and 2019, other non-current assets consisted of the following:

	December 31, 2020		December 31, 2019
Nonrefundable deposit	$	28,509	$	22,262
Contract asset, net (Note 4)		23,972		19,474
Cost to fulfill (Note 4)		10,688		8,508
Unbilled receivables, net (Note 4)		6,462		-
Upfront payments to customers		6,330		5,904
Port access rights and initial lease costs		-		17,762
Other		10,069		10,256
Total other non-current assets, net	$	86,030	$	84,166

Nonrefundable deposits are primarily related to deposits for planned land purchases in Pennsylvania and Ireland.

Upfront payments to customers consist of amounts the Company has paid in relation to two natural gas sales contracts with customers to construct fuel-delivery infrastructure that the customers will own.

Other includes upfront payments to our service providers, a long-term refundable deposit and investments in equity securities. During the fourth quarter of 2020, the Company invested $1,000 in a hydrogen technology development company through a Simple Agreement for Future Equity (“SAFE”) that will convert to preferred shares upon completion of a qualified financing by the investee, and this amount is classified within other in the table above.

As of January 1, 2020, port access rights related to the Company’s port lease in Baja California Sur, Mexico, and payments to incumbent tenants to secure the Company’s port lease in San Juan, Puerto Rico were reclassified as ROU assets in connection with the adoption of ASC 842.

Accrued liabilities

12 Months Ended

Dec. 31, 2020

Accrued liabilities [Abstract]

Accrued liabilities

14.	Accrued liabilities

As of December 31, 2020 and 2019 accrued liabilities consisted of the following:

	December 31, 2020		December 31, 2019
Accrued development costs	$	16,631	$	25,037
Accrued interest		27,938		-
Accrued bonuses		17,344		14,991
Other accrued expenses		28,439		14,915
Total accrued liabilities	$	90,352	$	54,943

Debt

12 Months Ended

Dec. 31, 2020

Debt [Abstract]

Debt

15.

Debt

As of December 31, 2020 and 2019, debt consisted of the following:

	December 31, 2020		December 31, 2019
Senior Secured Notes, due September 15, 2025	$	1,239,561	$	-
Term Loan Facility, due January 21, 2020		-		495,000
Senior Secured Bonds, due September 2034		-		70,960
Senior Secured Bonds, due December 2034		-		10,823
Senior Unsecured Bonds, due September 2036		-		42,274
Total debt	$	1,239,561	$	619,057

Senior Secured Notes

On September 2, 2020, the Company issued $1,000,000 of 6.75% senior secured notes in a private offering pursuant to Rule 144A under the Securities Act (the “Senior Secured Notes”). Interest is payable semi-annually in arrears on March 15 and September 15 of each year, commencing on March 15, 2021; no principal payments are due until maturity on September 15, 2025. The Company may redeem the Senior Secured Notes, in whole or in part, at any time prior to maturity, subject to certain make-whole premiums.

The Senior Secured Notes are guaranteed, jointly and severally, by certain of the Company’s subsidiaries, in addition to other collateral. The Senior Secured Notes may limit the Company’s ability to incur additional indebtedness or issue certain preferred shares, make certain payments, and sell or transfer certain assets subject to certain financial covenants and qualifications. The Senior Secured Notes also provide for customary events of default and prepayment provisions.

The Company used a portion of the net cash proceeds received from the Senior Secured Notes to repay in full the outstanding principal and interest under the Credit Agreement (as defined below), including related costs and expenses. The Company also used the remaining net proceeds, together with cash on hand, to redeem in full the outstanding Senior Secured Bonds and Senior Unsecured Bonds (as defined below), including related premiums, costs and expenses, terminating the Senior Secured Bonds and Senior Unsecured Bonds. The Company completed the redemption of the Senior Secured Bonds and Senior Unsecured Bonds on September 21, 2020.

In connection with the issuance of the Senior Secured Notes, the Company incurred $17,937 in origination, structuring and other fees. Issuance costs of $13,909 were deferred as a reduction of the principal balance of the Senior Secured Notes on the consolidated balance sheets; unamortized deferred financing costs related to lenders in the Credit Agreement that participated in the Senior Secured Notes were $6,501 and such unamortized costs were also included as a reduction of the principal balance of the Senior Secured Notes and will be amortized over the remaining term of the Senior Secured Notes. As a portion of the repayment of the Credit Agreement was a modification, the Company recorded $4,028 of third-party fees in Selling, general and administrative in the consolidated statements of operations and comprehensive loss.

On December 17, 2020, the Company issued $250,000 of additional notes on the same terms as the Senior Secured Notes in a private offering pursuant to Rule 144A under the Securities Act (subsequent to this issuance, these additional notes are included in the definition of Senior Secured Notes herein). Proceeds received included a premium of $13,125, which was offset by additional financing costs incurred of $4,188. As of December 31, 2020, total remaining unamortized deferred financing costs were $10,439.

The Credit Agreement

On January 10, 2020, the Company entered into a credit agreement to borrow $800,000 in term loans (the “Credit Agreement”). The Credit Agreement was set to mature in January 2023 with the full principal balance due upon maturity. Interest was payable quarterly and was based on a LIBOR rate divided by one minus the applicable reserve requirement, subject to a floor of 1.50%, plus a margin of 6.25%. The interest rate margin was to increase each year of the term by 1.50%. A portion of the proceeds received were utilized to extinguish the Term Loan Facility (defined below), including outstanding principal of $495,000.

The Credit Agreement was secured by mortgages on certain properties owned by the Company’s subsidiaries, in addition to other collateral. The Company was required to comply with certain financial covenants and other restricted covenants customary for credit agreements of this type, including restrictions on indebtedness, liens, acquisitions and investments, restricted payments and dispositions. The Credit Agreement also provided for customary events of default, prepayment and cure provisions.

In connection with obtaining the Credit Agreement and the extinguishment of the Term Loan Facility, the Company incurred $37,051 in origination, structuring and other fees which were recognized as a reduction of the principal balance of the Credit Agreement on the consolidated balance sheets.

On September 2, 2020, the Company repaid the full amount outstanding using proceeds from the Senior Secured Notes. Certain lenders in the Credit Agreement participated in the issuance of the Senior Secured Notes, and a portion of the repayment of the Credit Agreement was treated as a debt modification. For the portion of the Credit Agreement that was considered extinguished, $16,310 of unamortized deferred debt issuance costs was recognized as a loss on extinguishment of debt in the consolidated statements of operations and comprehensive loss. The remaining unamortized deferred debt issuance costs of $6,501 will be amortized over the remaining term of the Senior Secured Notes.

Term Loan Facility

On August 16, 2018, the Company entered into a credit agreement with a syndicate of two lenders to borrow up to an aggregate principal amount of $240,000, and proceeds received from this credit agreement were utilized to repay prior debt facilities. On December 31, 2018, the Company amended this credit agreement to increase the available borrowing principal amount to $500,000 (as amended, the “Term Loan Facility”), and as of December 31, 2018, the Company had an outstanding principal balance of $280,000 under the Term Loan Facility. On March 21, 2019, the Company drew an additional $220,000, bringing the Company’s total outstanding borrowings to $500,000 under the Term Loan Facility.

All borrowings under the Term Loan Facility bore interest at a rate selected by the Company of either (i) LIBOR divided by one minus the applicable reserve requirement plus a spread of 4% or (ii) subject to a floor of 1%, a Base Rate equal to the higher of (a) the Prime Rate, (b) the Federal Funds Rate plus 1/2 of 1% or (c) the 1-month LIBOR rate plus 1.00% plus a spread of 3.0%. The Term Loan Facility was repayable in quarterly installments of $1,250 with a balloon payment due at maturity.

The Term Loan Facility was secured by mortgages on certain properties owned by the Company’s subsidiaries, in addition to other collateral. The Term Loan Facility was amended in the third quarter of 2019 to allow certain properties of a consolidated subsidiary to secure the Senior Secured Bonds.

The Company incurred costs in connection with obtaining the Term Loan Facility, the extinguishment of the Company’s prior debt facilities and the amendment of the Term Loan Facility. Some of the costs incurred were capitalized as a reduction to the Term Loan Facility on the consolidated balance sheets, and all deferred financing costs associated with the Term Loan Facility were amortized over the term of the Term Loan Facility, through December 31, 2019. As such, there were no unamortized deferred financing costs as of December 31, 2019.

The Term Loan Facility had a maturity date of December 31, 2019 with an option to extend the maturity date for two additional six-month periods. Upon the exercise of each extension option, the Company would pay a fee equal to 1.0% of the outstanding principal balance at the time of the exercise and the spread on LIBOR and Base Rate would increase by 0.5%. On December 30, 2019, the Company entered into an amendment with the lenders to extend the maturity to January 21, 2020; no fees were due to lenders from the execution of this amendment. On January 15, 2020, the Company repaid the full amount outstanding including fees due to the lenders using proceeds from the Credit Agreement to extinguish the Term Loan Facility. In conjunction with the extinguishment of the Term Loan Facility, the Company recognized a Loss on extinguishment of debt of $9,557 in the consolidated statements of operations and comprehensive loss.

South Power Bonds

On September 2, 2019, NFE South Power Holdings Limited (“South Power”), a consolidated subsidiary of the Company, entered into a facility for the issuance of secured and unsecured bonds (the “Senior Secured Bonds” and “Senior Unsecured Bonds”, respectively) and subsequently issued $73,317 and $43,683 in Senior Secured Bonds and Senior Unsecured Bonds, respectively. The Senior Secured Bonds were secured by the dual-fired combined heat and power facility in Clarendon, Jamaica (the “CHP Plant”) and related receivables and assets, and the proceeds were used to fund the completion of the CHP Plant and to reimburse shareholder advances. Upon completion of construction of the CHP Plant in the fourth quarter of 2019, South Power issued an additional $63,000 in Senior Secured Bonds. The Company received $10,856 of the proceeds in 2019 and received the remaining proceeds of $52,144 in January 2020.

The Senior Secured Bonds bore interest at an annual fixed rate of 8.25% and matured 15 years from the closing date of each issuance. No principal payments were due for the first seven years. After seven years, quarterly principal payments of approximately 1.6% of the original principal amount were due, with a 50% balloon payment due upon maturity. Interest payments on outstanding principal balances were due quarterly.

The Senior Unsecured Bonds bore interest at an annual fixed rate of 11.00% and matured in September 2036. No principal payments were due for the first nine years. Beginning in 2028, principal payments were due quarterly on an escalating schedule. Interest payments on outstanding principal balances were due quarterly.

South Power was required to comply with certain financial covenants as well as customary affirmative and negative covenants, including limitations on incurring additional indebtedness. The facility also provided for customary events of default, prepayment and cure provisions.

The Company paid approximately $3,892 of fees in connection with the issuance of Senior Secured Bonds and Senior Unsecured Bonds. These fees were capitalized on a pro-rata basis as a reduction of the Senior Secured Bonds and Senior Unsecured Bonds on the consolidated balance sheets. On September 21, 2020, the Company repaid the full amount outstanding including fees dues to the lenders using proceeds from the Senior Secured Notes and cash on hand. In conjunction with the repayment of the Senior Secured Bonds and Senior Unsecured Bonds, the Company recognized a loss on extinguishment of debt of $7,195 in the consolidated statements of operations and comprehensive loss, including the write-off of $3,594 of unamortized deferred financing costs and prepayment premium paid to bondholders of $3,601.

Interest Expense

Interest and related amortization of debt issuance costs recognized during major development and construction projects are capitalized and included in the cost of the project. Interest expense, net of amounts capitalized, recognized for the years ended December 31, 2020, 2019 and 2018 consisted of the following:

	Year Ended December 31,
	2020		2019		2018
Interest per contractual rates	$	76,176	$	32,283	$	9,363
Amortization of debt issuance costs		15,471		12,301		3,617
Total interest costs		91,647		44,584		12,980
Capitalized interest		25,924		25,172		1,732
Total interest expense	$	65,723	$	19,412	$	11,248

Income taxes

12 Months Ended

Dec. 31, 2020

Income taxes [Abstract]

Income taxes

16.	Income taxes

In connection with the IPO, NFE LLC contributed the net proceeds from the IPO to NFI in exchange for NFI LLC Units, and NFE LLC became the managing member of NFI. NFI is a limited liability company that was treated as a partnership through December 31, 2020 for U.S. federal income tax purposes and for most applicable state and local income tax purposes. As a partnership, NFI was not subject to U.S. federal and certain state and local income taxes. Any taxable income or loss generated by NFI was passed through to and included in the taxable income or loss of its members, on a pro rata basis, subject to applicable tax regulations. NFE is subject to U.S. federal income taxes, in addition to state and local income taxes, with respect to its allocable share of any taxable income or loss of NFI. Additionally, NFI and its subsidiaries are subject to income taxes in the various foreign jurisdictions in which they operate.

In connection with the IPO, NFE recorded a deferred tax asset of $42,783 related to the difference between its tax basis in its investment in NFI and NFE’s share of the financial statement carrying amount of the net assets of NFI. The deferred tax asset was recorded to equity and is fully offset by a valuation allowance also recorded to equity.

Subsequent to the Exchange Transactions completed on June 10, 2020, 100% of NFI’s operations are included in the NFE income tax provision; there was no impact on income tax expense due to the Exchange Transactions. Additionally, in the third quarter of 2020, the Company completed the Conversion; NFE LLC has been a corporation for U.S. federal tax purposes, and converting NFE LLC from a limited liability company to a corporation has no effect on the U.S. federal tax treatment of the Company or its shareholders.

The components of the Company’s loss before income taxes for the years ended December 31, 2020, 2019, and 2018 were as follows:

	Year Ended December 31,
	2020			2019			2018
United States	$	(166,571	)	$	(194,481	)	$	(74,873	)
Foreign		(92,577	)		(9,399	)		(3,647	)
Loss before taxes	$	(259,148	)	$	(203,880	)	$	(78,520	)

Income tax expense (benefit) is comprised of the following for the years ended December 31, 2020, 2019, and 2018:

	Year Ended December 31,
	2020		2019		2018
Current:
Domestic	$	-	$	-	$	-
Foreign		2,063		47		7
Total current tax expense		2,063		47		7
Deferred:
Domestic		-		-		-
Foreign		2,754		392		(345	)
Total deferred tax expense (benefit)		2,754		392		(345	)
Total provision for (benefit from) income taxes	$	4,817	$	439	$	(338	)

Effective Tax Rate

A reconciliation of the U.S. federal statutory income tax rate to the Company’s effective tax rate is as follows:

	Year Ended December 31,
	2020			2019			2018
Income tax at the statutory rate		21.0	%		21.0	%		-
Impact from foreign operations		(2.9	%)		-			-
Foreign tax rate differential		2.9	%		0.8	%		0.4	%
Foreign tax on foreign operations		0.4	%		2.9	%		-
Foreign permanent adjustments		(0.4	%)		5.0	%		-
Foreign valuation allowance		0.1	%		(10.8	%)		-
Domestic valuation allowance		(14.2	%)		(2.1	%)		-
Income attributable to non-controlling interest		(6.4	%)		(18.2	%)		-
Other		(2.4	%)		1.2	%		-
Effective income tax rate		(1.9	%)		(0.2	%)		0.4	%

The primary items which decreased the Company’s effective income tax rate from the federal statutory rate in 2020 and 2019 were increases in domestic and foreign valuation allowances and income attributable to non-controlling interests. For 2018, the entire difference between the statutory and effective rate was attributable to foreign taxes.

During the years ended December 31, 2020, 2019 and 2018, the Company did not have any unrecognized tax benefits.

The following table summarizes the changes in the Company’s valuation allowance on deferred tax assets for the period indicated for the years ended December 31, 2020 and 2019:

	Year Ended December 31,
	2020		2019
Balance at the beginning of the period	$	80,911	$	241
Change in valuation allowance		51,586		80,670
Balance at the end of the period	$	132,497	$	80,911

The tax effect of each type of temporary difference and carryforward that give rise to a significant deferred tax asset or liability as of December 31, 2020 and 2019 are as follows:

	Year Ended December 31,
	2020			2019
Deferred tax assets:
Investment in NFI	$	64,553		$	46,185
Accrued interest		18,885			14,047
IRC Section 163(j) interest carryforward		6,909			182
Federal and state net operating loss carryforward		32,145			3,215
Foreign net operating loss carryforward		24,525			19,713
Share-based compensation		6,611			8,958
Lease liability		4,383			-
Other		1,252			224
Total deferred tax assets		159,263			92,524
Valuation allowance		(132,497	)		(80,911	)
Deferred tax assets, net of valuation allowance		26,766			11,613

Deferred tax liabilities:
Property and equipment		(22,566	)		(11,820	)
Lease asset		(4,215	)		-
Total deferred tax liabilities		(26,781	)		(11,820	)
Net deferred tax liabilities	$	(15	)	$	(207	)

U.S. Federal and State Jurisdictions

The Company and its subsidiaries file income tax returns in the U.S. federal and various state and local jurisdictions. The Company is not currently under income tax examination in any jurisdiction, and NFE filed its first corporate U.S. federal and state income tax returns for the period ended December 31, 2019. NFI was taxed as a U.S. partnership and controlled the underlying operations, thus the tax effects of temporary differences were captured through December 31, 2020 within the net deferred tax asset for the investment in the partnership.

As of December 31, 2020, NFE has approximately $147,928 of federal and $30,661 of state net operating loss carry forwards. The federal net operating losses are generally allowed to be carried forward indefinitely and can offset up to 80 percent of future taxable income. The state net operating losses relate to Florida and are generally allowed to be carried forward indefinitely.

Under the provisions of Internal Revenue Code Section 382, certain substantial changes in the Company’s ownership may result in a limitation on the amount of U.S. net operating loss carryforwards that can be utilized annually to offset future taxable income and taxes payable. A portion of the Company’s net operating loss carryforwards are subject to an annual limitation under Section 382 of the Internal Revenue Code.

NFE recorded a valuation allowance against its U.S. federal and state deferred tax assets to reduce the net carrying value to an amount that it believes is more likely than not to be realized. As of December 31, 2020, the Company concluded, based on the weight of all available positive and negative evidence, those deferred tax assets are not more likely than not to be realized and accordingly, a valuation allowance has been recorded on this deferred tax asset as of December 31, 2020 for the amount not supported by reversing taxable temporary differences.

The Company has not recorded any deferred tax liabilities for undistributed earnings of controlled foreign corporations, primarily consisting of the Company’s Puerto Rican operations. The Company’s intent is to only make distributions from non-U.S. subsidiaries in the future when distributions can be made at no net tax cost; any remaining cash will be reinvested to grow operations in such subsidiaries. The Company has no material unremitted earnings from its non-U.S. subsidiaries.

On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act, which includes various income and payroll tax provisions, was signed into law by the U.S. government. In addition, various other coronavirus tax relief initiatives have been implemented around the world. This tax legislation did not have a material impact on the Company’s financial position, results of operations or cash flows for the year ended December 31, 2020.

Foreign Jurisdictions

NFI’s foreign subsidiaries file income tax returns in certain foreign jurisdictions. As of December 31, 2020, NFI’s foreign subsidiaries have approximately $86,176 of net operating loss carry forwards. Net operating losses of $64,819 incurred in Jamaica are generally allowed to be carried forward indefinitely. Net operating loss carryforwards of $11,830 incurred in Puerto Rico and Mexico will expire, if unused, between 2028 and 2029. Net operating loss carryforwards of $8,865 incurred in Ireland are generally allowed to be carried forward indefinitely.

The Company commenced operations in Puerto Rico during the year ended December 31, 2020 giving rise to cumulative profits, and the valuation allowance against a portion of the net deferred tax asset has been released. The Company recorded a valuation allowance against other foreign deferred tax assets to reduce the net carrying value to an amount that it believes is more likely than not to be realized.

The Company has subsidiaries incorporated in Bermuda. Under current Bermuda law, the Company is not required to pay taxes in Bermuda on either income or capital gains. The Company has received an undertaking from the Bermuda government that, in the event of income or capital gain taxes being imposed, it will be exempted from such taxes until 2035.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

Commitments and contingencies

12 Months Ended

Dec. 31, 2020

Commitments and contingencies [Abstract]

Commitments and contingencies

17.	Commitments and contingencies

In conjunction with its principal business activities, the Company enters into various firm commitments for the purchase, production, and transportation of LNG and natural gas, as well as engineering, procurement and construction agreements to develop the Company’s terminals and related infrastructure. The estimated future cash payments related to outstanding contractual commitments, at market prices as of December 31, 2020, is summarized as follows:

		2021				2022				2023				2024				_2024+
Purchase obligations		$	376,097			$	362,294			$	362,294			$	362,311			$	1,027,352

The future cash payments summarized above represent the Company’s minimum firm purchase commitments as of December 31, 2020.

In 2020, the Company entered into four LNG supply agreements for the purchase of 415 TBtu of LNG between 2021 and 2030. Between 2022 and 2025, the total annual commitment under these agreements is approximately 68 TBtu per year, reducing to approximately 28 TBtu per year from 2026 to 2029. The amounts disclosed above also include the commitment to purchase 12 firm cargoes in 2021 under a supply contract entered into in December 2018.

The Company has a contractual purchase commitment for feedgas with a remaining term of approximately five years. This commitment is designed to assure sources of supply and is not expected to be in excess of normal requirements. For agreements for supply where there is an active market, such agreements qualify for and the Company has elected the normal purchase exception under the derivatives guidance; therefore, the purchases under these contracts are included in Inventory and Cost of sales as incurred.

The Company’s lease obligations are discussed in Note 5. Leases.

Contingencies

The Company may be subject to certain legal proceedings, claims and disputes that arise in the ordinary course of business. The Company does not believe that these proceedings, individually or in the aggregate, will have a material adverse effect on the Company’s financial position, results of operations or cash flows.

Earnings per share

12 Months Ended

Dec. 31, 2020

Earnings per share [Abstract]

Earnings per share

18.	Earnings per share

	December 31, 2020			December 31, 2019
Numerator:
Net loss	$	(263,965	)	$	(204,319	)
Less: net loss attributable to non-controlling interests		81,818			170,510
Net loss attributable to Class A common stock	$	(182,147	)	$	(33,809	)
Denominator:
Weighted-average shares-basic and diluted		106,654,918			20,862,555

Net loss per share - basic and diluted	$	(1.71	)	$	(1.62	)

In connection with the closing of the Exchange Transactions on June 10, 2020, all outstanding Class B shares were exchanged for Class A shares. The weighted average shares outstanding for the year ended December 31, 2020 are significantly lower than the Class A common stock outstanding on December 31, 2020 due to the timing of the Exchange Transactions.

The following table presents potentially dilutive securities excluded from the computation of diluted net loss per share for the periods presented because its effects would have been anti-dilutive.

	December 31, 2020		December 31, 2019
Unvested RSUs1		1,538,060		3,137,415
Class B shares2		-		144,342,572
Shannon Equity Agreement shares3		428,275		1,083,995
Total		1,966,335		148,563,982

1	Represents the number of instruments outstanding at the end of the period.

2	Class B shares at the end of the period are considered potentially dilutive Class A shares.

3	Class A common stock that would be issued in relation to the Shannon LNG Equity Agreement.

Share-based compensation

12 Months Ended

Dec. 31, 2020

Share-based compensation [Abstract]

Share-based compensation

19.	Share-based compensation

RSUs

The Company has granted RSUs to select officers, employees, non-employee members of the board of directors and select non-employees under the Incentive Plan. The fair value of RSUs on the grant date is estimated based on the closing price of the underlying shares on the grant date and other fair value adjustments to account for a post-vesting holding period. These fair value adjustments were estimated based on the Finnerty model.

The following table summarizes the RSU activity for the year ended December 31, 2020:

	Restricted Share Units			Weighted-average grant date fair value per share
Non-vested RSUs as of December 31, 2019		3,137,415		$	13.44
Granted		109,409			14.47
Vested		(1,507,633	)		13.47
Forfeited		(201,131	)		13.51
Non-vested RSUs as of December 31, 2020		1,538,060		$	13.49

The following table summarizes the share-based compensation expense for the Company’s RSUs recorded for the year ended December 31, 2020 and 2019:

	Year Ended December 31,
	2020		2019
Operations and maintenance	$	800	$	853
Selling, general and administrative		7,943		40,594
Total share-based compensation expense	$	8,743	$	41,447

For the years ended December 31, 2020 and 2019, cumulative compensation expense recognized for forfeited RSU awards of $914 and $2,248, respectively, was reversed. The Company recognizes the income tax benefits resulting from vesting of RSUs in the period of vesting, to the extent the compensation expense has been recognized.

As of December 31, 2020, the Company had 1,538,060 non-vested RSUs subject to service conditions and had unrecognized compensation costs of approximately $8,211. The non-vested RSUs will vest over a period from ten months to three years following the grant date. The weighted-average remaining vesting period of non-vested RSUs totaled 1.03 years as of December 31, 2020.

Performance Share Units (“PSUs”)

During the first quarter of 2020, the Company granted 1,109,777 PSUs to certain employees and non-employees. The PSUs contain a performance condition, and vesting will be determined based on achievement of a performance metric for the year ended December 31, 2021. The number of shares that will vest can range from zero to 2,219,554. For the year ended December 31, 2020, the Company determined that it was not probable that the performance condition required for any of the PSUs to vest would be achieved, and as such, no compensation expense has been recognized in the consolidated statements of operations and comprehensive loss. Unrecognized compensation costs if the maximum amount of shares were to vest based on the achievement of the performance condition was $30,864, and the weighted-average remaining vesting period of non-vested PSUs was one year as of December 31, 2020.

Stockholder's equity and Members' equity

12 Months Ended

Dec. 31, 2020

Stockholder's equity and Members' equity [Abstract]

Stockholder's equity and Members' equity

20.	Stockholder’s equity and Members’ equity

New Fortress Energy Holdings

In January 2018, the Company issued 665,843 common shares (no par value) to members of New Fortress Energy Holdings for $20,150 in proceeds.

New Fortress Energy LLC, New Fortress Energy Inc.

During the year ended December 31, 2019, the Company issued 2,716,252 shares of Class A shares in exchange for Class B shares, and 53,572 Class A shares were issued for vested RSUs.

As a result of the Exchange Transactions, 144,342,572 Class A shares were issued in exchange for all outstanding Class B shares. As a result of the Conversion, all outstanding Class A shares were converted to Class A common stock. In December 2020, NFE issued 5,882,352 shares of Class A common stock and received proceeds of $290,771, net of $1,221 in issuance costs.

The Company declared dividends of $0.10 per share in August and October 2020, totaling $33,742 in dividend payments during the year ended December 31, 2020.

Related party transactions

12 Months Ended

Dec. 31, 2020

Related party transactions

21.	Related party transactions

Management services

The Company is majority owned by Messrs. Edens (our chief executive officer and chairman of our Board of Directors) and Nardone (one of our Directors) who are currently employed by Fortress Investment Group LLC (“Fortress”). In the ordinary course of business, Fortress, through affiliated entities, has historically charged the Company for administrative and general expenses incurred pursuant to its Management Services Agreement (“Management Agreement”). Upon completion of the IPO, the Management Agreement was terminated and replaced by an Administrative Services Agreement (“Administrative Agreement”) to charge the Company for similar administrative and general expenses. The charges under the Management Agreement and Administrative Agreement that are attributable to the Company totaled $7,291, $7,942 and $5,741 for the years ended December 31, 2020, 2019 and 2018, respectively. Costs associated with the Management Agreement and Administrative Agreement are included within Selling, general and administrative in the consolidated statements of operations and comprehensive loss. As of December 31, 2020 and 2019, $5,535 and $5,083 were due to Fortress, respectively.

In addition to management and administrative services, an affiliate of Fortress owns and leases an aircraft chartered by the Company for business purposes in the course of operations. The Company incurred, at aircraft operator market rates, charter costs of $2,483 and $5,367 for the years ended December 31, 2020 and 2019, respectively. In 2018, such charges were incurred under the Management Agreement, and amounts incurred of $1,873 for the year ended December 31, 2018 are included in the activity and balances disclosed above. As of December 31, 2020 and 2019, $472 and $4,286 was due to this affiliate, respectively.

Land and office lease

The Company has leased land and office space from Florida East Coast Industries, LLC (“FECI”), which is controlled by funds managed by an affiliate of Fortress. In April 2019, FECI sold the office building to a non-affiliate, and as such, the lease of the office space is no longer held with a related party. The Company recognized expense related to the land lease still held by a related party of $730, $396 and $260 during the years ended December 31, 2020, 2019 and 2018, respectively, which was included within Operations and maintenance in the consolidated statements of operations and comprehensive loss. The expense for the period that the building was owned by a related party during the year ended December 31, 2019 totaled $609, of which $386 was capitalized to Construction in progress and $223 was included in Selling, general and administrative in the consolidated statements of operations and comprehensive loss; no expense for the office space was incurred prior to 2019. As of December 31, 2020 and 2019, $316 and $0 was due to FECI, respectively. As of December 31, 2020, the Company has recorded a lease liability of $3,279 within Non-current lease liabilities on the consolidated balance sheet.

DevTech Investment

In August 2018, the Company entered into a consulting arrangement with DevTech Environment Limited (“DevTech”) to provide business development services to increase the customer base of the Company. DevTech also contributed cash consideration in exchange for a 10% interest in a consolidated subsidiary. The 10% interest is reflected as non-controlling interest in the Company’s consolidated financial statements. DevTech purchased 10% of a note payable due to an affiliate of the Company. As of December 31, 2020 and 2019, $715 and $815 was owed to DevTech on the note payable, respectively. The outstanding note payable due to DevTech is included in Other long-term liabilities on the consolidated balance sheets. The interest expense on the note payable due to DevTech was $77, $94 and $18 for the years ended December 31, 2020, 2019 and 2018 respectively. No interest has been paid, and accrued interest has been recognized within Accrued expenses on the consolidated balance sheets. As of December 31, 2020 and 2019, $343 and $443 was due from DevTech, respectively.

Fortress affiliated entities

Since 2017, the Company has provided certain administrative services to related parties including Fortress affiliated entities. As of December 31, 2020 and 2019, $1,334 and $1,134 were due from affiliates, respectively. There are no costs incurred by the Company as the Company is fully reimbursed for all costs incurred.

Additionally, an entity formerly affiliated with Fortress and currently owned by Messrs. Edens and Nardone provides certain administrative services to the Company, as well as providing office space under a month-to-month non-exclusive license agreement. The Company incurred rent and administrative expenses of approximately $2,357, $811 and $903 for the years ended December 31, 2020, 2019 and 2018, respectively. Additionally, the Company subleases a portion of office space to an affiliate of an entity managed by Fortress, and for the year ended December 31, 2020, $204 of rent and office related expenses were incurred by this affiliate. As of December 31, 2020 and 2019, $2,657 and $883 were due to Fortress affiliated entities, respectively.

Due to/from Affiliates

The table below summarizes the balances outstanding with affiliates as of December 31, 2020 and 2019:

	December 31, 2020		December 31, 2019
Amounts due to affiliates	$	8,980	$	10,252
Amounts due from affiliates		1,881		1,577

Customer concentrations

12 Months Ended

Dec. 31, 2020

Customer concentrations [Abstract]

Customer concentrations

22.	Customer concentrations

For the year ended December 31, 2020, revenue from three significant customers constituted 88% of the total revenue and 83% of trade receivables. For the year ended December 31, 2019, revenue from two significant customers constituted 74% of the total revenue and 85% of trade receivables, and for the year ended December 31, 2018, one significant customer constituted 87% of total revenue. Prior to the adoption of ASC 842, the Company recognized a direct financing leases within the Company’s agreement with this customer. As of December 31, 2019, 99% of the Finance leases, net balance was attributed to this significant customer.

During the years ended December 31, 2020, 2019 and 2018, revenue from external customers that were derived from customers located in the United States were $135,702, $21,386 and $7,214, respectively, and from customers outside of the United States were $315,948, $167,739 and $105,087, respectively, primarily derived from customers in the Caribbean. The Company attributes revenue from external customers to the country in which the party to the applicable agreement has its principal place of business.

As of December 31, 2020 and 2019, long lived assets, which are all non-current assets excluding investment in equity securities, restricted cash, deferred tax assets and intangible assets, located in the United States were $442,199 and $360,860 respectively, and long lived assets located outside of the United States were $639,370 and $470,749, respectively, primarily located in the Caribbean.

Unaudited quarterly financial data

12 Months Ended

Dec. 31, 2020

Unaudited quarterly financial data [Abstract]

Unaudited quarterly financial data

23.	Unaudited quarterly financial data

Summarized quarterly financial data for the years ended December 31, 2020 and 2019 are as follows:

(in thousands of U.S. dollars, except per share data)
	Three Months Ended
	March 31, 2020 (1)			June 30, 2020 (1, 2)			September 30, 2020			December 31, 2020

Revenues	$	74,530		$	94,566		$	136,858		$	145,696
Operating loss		(36,169	)		(148,273	)		11,053			18,031
Net loss		(60,223	)		(166,587	)		(36,670	)		(485	)
Net (loss) income attributable to stockholders		(8,466	)		(137,493	)		(36,358	)		170
Basic and diluted (loss) income per share (3)		(0.32	)		(2.40	)		(0.21	)		0.00

	Three Months Ended
	March 31, 2019			June 30, 2019			September 30, 2019			December 31, 2019

Revenues	$	29,951		$	39,766		$	49,656		$	69,752
Operating loss		(59,337	)		(43,959	)		(47,726	)		(36,253	)
Net loss		(60,292	)		(51,233	)		(54,424	)		(38,370	)
Net loss attributable to stockholders		(13,557	)		(6,186	)		(6,723	)		(7,343	)
Basic and diluted loss per share (3)		(0.96	)		(0.28	)		(0.30	)		(0.30	)

(1)

Operating loss, net loss and net loss attributable to stockholders for the three months ended March 31, 2020 and June 30, 2020 reflect the adoption of ASC 326. The Company adopted ASC 326 in the third quarter of 2020 with an effective date of January 1, 2020, due to the loss of EGC status in that quarter.

(2)

Operating loss, net loss and net loss attributable to stockholders for the three months ended June 30, 2020 includes a termination charge of $105,000 associated with an agreement with one of the Company’s LNG suppliers to terminate the obligation to purchase any LNG from this supplier for the remainder of 2020.

(3)	Basic and diluted earnings per share are computed independently for each of the quarters presented. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share.

Subsequent events

12 Months Ended

Dec. 31, 2020

Subsequent events [Abstract]

Subsequent events

24.	Subsequent events

Hygo Merger Agreement

On January 13, 2021, NFE, Hygo Energy Transition Ltd., a Bermuda exempted company (“Hygo”), Golar LNG Limited, a Bermuda exempted company (“GLNG”), Stonepeak Infrastructure Fund II Cayman (G) Ltd. (“Stonepeak”), and Lobos Acquisition Ltd., a Bermuda exempted company and an indirect, wholly-owned subsidiary of NFE (“Hygo Merger Sub”), entered into an Agreement and Plan of Merger (the “Hygo Merger Agreement”), pursuant to which Hygo Merger Sub will merge with and into Hygo (the “Hygo Merger”), with Hygo surviving the Hygo Merger as a wholly owned subsidiary of NFE. As of the date of the Hygo Merger Agreement, each of GLNG and Stonepeak owned 50% of the outstanding common shares, par value $1.00 per share, of Hygo, and Stonepeak owned all of Hygo’s outstanding redeemable preferred shares, par value $5.00 per share. At the effective time of the Hygo Merger: (i) GLNG will receive 18.6 million shares of NFE Class A common stock and an aggregate of $50 million in cash and (ii) Stonepeak will receive 12.7 million shares of NFE Class A common stock and an aggregate of $530 million in cash. The Hygo Merger Agreement may be terminated by NFE or Hygo under certain circumstances, including, among others, by either NFE or Hygo if the closing of the Hygo Merger has not occurred on or before July 12, 2021.

GMLP Merger Agreement

On January 13, 2021, NFE entered into an Agreement and Plan of Merger (the “GMLP Merger Agreement”) with Golar LNG Partners LP, a Marshall Islands limited partnership (“GMLP”), Golar GP LLC, a Marshall Islands limited liability company and the general partner of GMLP (the “General Partner”), Lobos Acquisition LLC, a Marshall Islands limited liability company and an indirect subsidiary of NFE (“GMLP Merger Sub”), and NFE International Holdings Limited, a private limited company incorporated under the laws of England and Wales and an indirect subsidiary of NFE (“GP Buyer”), pursuant to which GMLP Merger Sub will merge with and into GMLP, with GMLP surviving the merger as an indirect subsidiary of NFE (the “GMLP Merger”).

At the effective time of the GMLP Merger (the “GMLP Effective Time”), each common unit representing a limited partner interest in GMLP that is issued and outstanding as of immediately prior to the GMLP Effective Time will automatically be converted into the right to receive $3.55 in cash. At the GMLP Effective Time, each of the incentive distribution rights of GMLP will be canceled and cease to exist, and no consideration shall be delivered in respect thereof. Each 8.75% Series A Cumulative Redeemable Preferred Unit of GMLP issued and outstanding immediately prior to the GMLP Effective Time will be unaffected by the GMLP Merger and will remain outstanding, and no consideration shall be delivered in respect thereof. Each outstanding unit representing a general partner interest of GMLP that is issued and outstanding immediately prior to the GMLP Effective Time will remain issued and outstanding immediately following the GMLP Effective Time.

Concurrently with the consummation of the GMLP Merger, GP Buyer will purchase from GLNG all of the outstanding membership interests of the General Partner pursuant to a Transfer Agreement dated as of January 13, 2021 for a purchase price of approximately $5 million, which is equivalent to $3.55 per general partner unit of GMLP.

The GMLP Merger Agreement may be terminated by NFE or GMLP (which, in the case of GMLP, must be approved by GMLP’s Conflicts Committee) under certain circumstances, including, among others, by either NFE or GMLP if the closing of the GMLP Merger has not occurred on or before July 13, 2021, and further provides that, upon termination of the GMLP Merger Agreement under certain circumstances, GMLP may be required to pay NFE a termination fee equal to approximately $9.4 million.

We have obtained debt financing commitments from Morgan Stanley Senior Funding, Inc. and Goldman Sachs Bank USA for loans in an aggregate principal amount of $1.7 billion, consisting of a $1.5 billion senior secured bridge facility (the “Bridge Loan”) and a $200 million senior secured revolving facility to pay, subject to the terms and conditions set forth therein, a portion of the cash purchase price in connection with the GMLP Merger, to refinance certain debt of GMLP and its subsidiaries, to pay related fees and expenses and for general corporate purposes. If NFE utilizes the Bridge Loan, the facility will bear a fixed interest rate of 6.25%, subject to a step-up of 50 basis points every three months. The Bridge Loan has a one-year term, is pre-payable without penalty and will automatically be converted into a seven-year term loan if it is not repaid in full at maturity. The senior secured revolving facility has a term of approximately five years and bears interest based on the three-month LIBOR rate plus certain margins.

Suape Development

On January 12, 2021, we acquired CH4 Energia Ltda., an entity that owns key permits and authorizations to develop an LNG terminal at the Port of Suape, Brazil. On March 11, 2021, we acquired 100% of the outstanding shares of Pecem Energia S.A. (“Pecem”) and Energetica Camacari Muricy II S.A. (“Muricy”). These companies collectively hold certain 15-year power purchase agreements for the development of thermoelectric power plants in the State of Bahia, Brazil. We will seek to obtain the necessary approvals to transfer the power purchase agreements to the Port of Suape and plan to construct a gas-fired power plant and LNG import terminal at the Port of Suape. The Company paid approximately $9 million at closing in total and will make additional payments to the sellers based on certain contingent considerations.

Schedule II

12 Months Ended

Dec. 31, 2020

Schedule II [Abstract]

Schedule II

Description	Balance at Beginning of Year		Additions⁽¹⁾		Deductions			Balance at End of Year

Year ended December 31, 2020

Allowance for doubtful accounts	$	-	$	-	$	-		$	-
Allowance for expected credit losses		-		316		-			316
Total allowance		-		316		-			316

Year ended December 31, 2019

Allowance for doubtful accounts		257		-		(257	)		-

Year ended December 31, 2018

Allowance for doubtful accounts		-		257		-			257

Note

⁽¹⁾	Amount expensed in included within Selling, general and administrative.

Significant accounting policies (Policies)

12 Months Ended

Dec. 31, 2020

Significant accounting policies [Abstract]

Basis of presentation and principles of consolidation

(a)	Basis of presentation and principles of consolidation

Use of estimates

(b)	Use of estimates

Foreign currencies

(c)	Foreign currencies

Cash and cash equivalents

(d)	Cash and cash equivalents

The Company considers all highly liquid investments with an original maturity of three months or less at the time of purchase to be cash equivalents.

Restricted cash

(e)	Restricted cash

Restricted cash consists of funds that are contractually restricted as to usage or withdrawal and have been presented separately from cash and cash equivalents on the consolidated balance sheets.

Receivables

(f)	Receivables

Inventories

(g)	Inventories

Construction in progress

(h)	Construction in progress

The interest cost associated with major development and construction projects is capitalized during the construction period and included in the cost of the project in Construction in progress.

Property, plant and equipment, net

(i)	Property, plant and equipment, net

	Useful life (Yrs)
Terminal and power plant equipment	4-24
CHP facilities	4-20
Gas terminals	5-24
ISO containers and other equipment	3-25
LNG liquefaction facilities	20-40
Gas pipelines	4-24
Leasehold improvements	2-20

The Company reviews the remaining useful life of its assets on a regular basis to determine whether changes have taken place that would suggest that a change to depreciation policies is warranted.

Asset retirement obligations ("AROs")

(j)	Asset retirement obligations (“AROs”)

Impairment of long-lived assets

(k)	Impairment of long-lived assets

Investment in equity securities

(l)	Investment in equity securities

Intangible assets

(m)	Intangible assets

Long-term debt and debt issuance costs

(n)	Long-term debt and debt issuance costs

Contingencies

(o)	Contingencies

Revenue recognition

(p)	Revenue recognition

Contract termination charges and loss on mitigation sales

(q)	Contract termination charges and loss on mitigation sales

Leases, as lessee

(r)	Leases, as lessee

Share-based compensation

(s)	Share-based compensation

Taxation

(t)

Taxation

Federal and state income taxes

Foreign taxes

Other taxes

Net loss per share

(u)	Net loss per share

Significant accounting policies (Tables)

12 Months Ended

Dec. 31, 2020

Significant accounting policies [Abstract]

Estimated Economic Life of Property Plant and Equipment

	Useful life (Yrs)
Terminal and power plant equipment	4-24
CHP facilities	4-20
Gas terminals	5-24
ISO containers and other equipment	3-25
LNG liquefaction facilities	20-40
Gas pipelines	4-24
Leasehold improvements	2-20

Revenue from contracts with customers (Tables)

12 Months Ended

Dec. 31, 2020

Revenue from contracts with customers [Abstract]

Contract with Customer, Asset and Liability

	December 31, 2020		December 31, 2019
Contract assets, net - current	$	3,673	$	3,787
Contract assets, net - non-current		23,972		19,474
Total contract assets, net	$	27,645	$	23,261

Contract liabilities	$	8,399	$	6,542

Revenue recognized in the year from:
Amounts included in contract liabilities at the beginning of the year	$	6,542	$	-

Other Revenue

Other revenue includes revenue for development services as well as lease and other revenue. The table below summarizes the balances in Other revenue:

	Year Ended December 31,
	2020		2019		2018
Development services revenue	$	129,753	$	27,308	$	-
Lease and other revenue		3,586		16,317		15,395
Total other revenue	$	133,339	$	43,625	$	15,395

Remaining Performance Obligations

Period	Revenue
2021	$	258,738
2022		250,226
2023		250,317
2024		249,804
2025		246,709
Thereafter		3,101,260
Total	$	4,357,054

Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Components of Operating Lease Costs

For the year ended December 31, 2020, the Company’s operating lease cost recorded within the consolidated statements of operations and comprehensive loss were as follows:

	December 31, 2020
Fixed lease cost	$	39,841
Variable lease cost		2,013
Short-term lease cost		1,454

Lease cost - Cost of sales	$	36,283
Lease cost - Operations and maintenance		2,501
Lease cost - Selling, general and administrative		4,524

Supplemental Cash Flow Information Related to Leases

	December 31, 2020
Operating cash outflows for operating lease liabilities	$	45,934
Right-of-use assets obtained in exchange for new operating lease liabilities		182,799

Future Payments Due under Operating Leases

The future payments due under operating leases as of December 31, 2020 are as follows:

	Operating Leases
2021	$	43,467
2022		29,949
2023		18,738
2024		17,884
2025		10,698
Thereafter		50,387
Total lease payments	$	171,123
Less: effects of discounting		51,319
Present value of lease liabilities	$	119,804

Current lease liability	$	35,481
Non-current lease liability		84,323

Future Annual Minimum Lease Payments for Operating Leases

Future annual minimum lease payments for operating leases as of December 31, 2019, prepared in accordance with accounting standards prior to the adoption of ASC 842, were as follows:

Year ending December 31:
2020	$	37,776
2021		35,478
2022		18,387
2023		7,083
2024		7,151
Thereafter		26,458
Total	$	132,333

Property, Plant and Equipment Subject to Operating Leases

	December 31, 2020
Property, plant and equipment	$	18,394
Accumulated depreciation		(932	)
Property, plant and equipment, net	$	17,462

Operating and Financing Lease Payments to be Received

The following table shows the expected future lease payments as of December 31, 2020, for 2021 through 2025 and thereafter:

	Future cash receipts
	Financing leases		Operating leases
2021	$	1,965	$	256
2022		2,065		247
2023		2,066		249
2024		2,068		234
2025		1,933		194
Thereafter		5,438		539
Total	$	15,535	$	1,719
Less: Imputed interest		7,119
Present value of total lease receipts	$	8,416

Current finance leases, net	$	1,372
Non-current finance leases, net		7,044

Fair value (Tables)

12 Months Ended

Dec. 31, 2020

Fair value [Abstract]

Financial Assets and Financial Liabilities

The following table presents the Company’s financial assets and financial liabilities that are measured at fair value as of December 31, 2020 and 2019:

	December 31, 2020
	Level 1		Level 2		Level 3		Total		Valuation technique
Assets										0
Cash and cash equivalents	$	601,522	$	-	$	-	$	601,522	Market approach
Restricted cash		27,814		-		-		27,814	Market approach
Investment in equity securities		1,095		-		-		1,095	Market approach
Total	$	630,431	$	-	$	-	$	630,431

Liabilities
Derivative liability¹	$	-	$	-	$	10,716	$	10,716	Income approach
Equity agreement²		-		-		22,768		22,768	Income approach
Total	$	-	$	-	$	33,484	$	33,484

	December 31, 2019
	Level 1		Level 2		Level 3		Total		Valuation technique
Assets										0
Cash and cash equivalents	$	27,098	$	-	$	-	$	27,098	Market approach
Restricted cash		65,937		-		-		65,937	Market approach
Investment in equity securities		2,540		-		-		2,540	Market approach
Total	$	95,575	$	-	$	-	$	95,575

Liabilities
Derivative liability¹	$	-	$	-	$	9,800	$	9,800	Income approach
Equity agreement²		-		-		16,800		16,800	Income approach
Total	$	-	$	-	$	26,600	$	26,600

⁽¹⁾	Consideration due to the sellers of Shannon LNG once first gas is supplied from the terminal to be built.

⁽²⁾	To be paid at the earlier of agreed-upon date or the date on which the valid planning permission is received as specified in the amended Shannon LNG Agreement.

Fair Value and Currency Translation Adjustment

	December 31, 2020		December 31, 2019
Fair value adjustment - Loss	$	4,408	$	121
Currency translation adjustment - Loss/(gain)		2,476		(280	)

Restricted cash (Tables)

12 Months Ended

Dec. 31, 2020

Restricted cash [Abstract]

Restricted Cash

As of December 31, 2020 and 2019, restricted cash consisted of the following:

	December 31, 2020		December 31, 2019
Collateral for performance under customer agreements	$	15,000	$	15,000
Collateral for LNG purchases		11,664		35,000
Collateral for letters of credit and performance bonds		900		7,388
Debt service reserve account		-		8,299
Other restricted cash		250		250
Total restricted cash	$	27,814	$	65,937

Current restricted cash	$	12,814	$	30,966
Non-current restricted cash		15,000		34,971

Inventory (Tables)

12 Months Ended

Dec. 31, 2020

Inventory [Abstract]

Inventory

As of December 31, 2020 and 2019, inventory consisted of the following:

	December 31, 2020		December 31, 2019
LNG and natural gas inventory	$	13,986	$	57,436
Automotive diesel oil inventory		3,986		4,746
Bunker fuel, materials, supplies and other		4,888		1,250
Total inventory	$	22,860	$	63,432

Prepaid expenses and other current assets (Tables)

12 Months Ended

Dec. 31, 2020

Prepaid expenses and other current assets [Abstract]

Prepaid Expenses and Other Current Assets

As of December 31, 2020 and 2019, prepaid expenses and other current assets consisted of the following:

	December 31, 2020		December 31, 2019
Prepaid LNG	$	11,987	$	7,097
Prepaid expenses		4,941		7,458
Due from affiliates (Note 21)		1,881		1,577
Other current assets		29,461		23,602
Total prepaid expenses and other current assets, net	$	48,270	$	39,734

Construction in progress (Tables)

12 Months Ended

Dec. 31, 2020

Construction in progress [Abstract]

Construction in Progress Activity

The Company’s construction in progress activity during the years ended December 31, 2020 and 2019 is detailed below:

	December 31, 2020			December 31, 2019
Balance at beginning of period	$	466,587		$	254,700
Additions		118,530			315,188
Transferred to property, plant and equipment, net (Note 11)		(351,080	)		(103,301	)
Balance at end of period	$	234,037		$	466,587

Property, plant and equipment, net (Tables)

12 Months Ended

Dec. 31, 2020

Property, plant and equipment, net [Abstract]

Property, Plant and Equipment, Net

As of December 31, 2020 and 2019 the Company’s property, plant and equipment, net consisted of the following:

	December 31, 2020			December 31, 2019
Terminal and power plant equipment	$	188,855		$	14,981
CHP facilities		119,723			-
Gas terminals		120,810			53,380
ISO containers and other equipment		100,137			42,704
LNG liquefaction facilities		63,213			62,929
Gas pipelines		58,974			11,684
Land		16,246			15,401
Leasehold improvements		8,723			8,054
Accumulated depreciation		(62,475	)		(16,911	)
Total property, plant and equipment, net	$	614,206		$	192,222

Intangible assets, net (Tables)

12 Months Ended

Dec. 31, 2020

Intangible assets, net [Abstract]

Composition of Intangible Assets

The following table summarizes the composition of intangible assets as of December 31, 2020 and 2019:

	December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Life
Definite-lived intangible assets
Shannon LNG permits	$	45,897	$	2,438	$	43,459		40
Easements		1,559		190		1,369		30

Indefinite-lived intangible assets
Easements		1,274		-		1,274		n/a
Total intangible assets	$	48,730	$	2,628	$	46,102

	December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Life
Definite-lived intangible assets
Shannon LNG permits	$	42,157	$	1,198	$	40,959		40
Easements		1,559		139		1,420		30

Indefinite-lived intangible assets
Easements		1,161		-		1,161		n/a
Total intangible assets	$	44,877	$	1,337	$	43,540

Estimated Aggregate Amortization Expense

Amortization for the years ended December 31, 2020 and 2019 totaled $1,120 and $1,114, respectively. The estimated aggregate amortization expense for each of the next five years is:

Year ending December 31:
2021	$	1,199
2022		1,199
2023		1,199
2024		1,199
2025		1,199
Thereafter		38,833
Total	$	44,828

Other non-current assets (Tables)

12 Months Ended

Dec. 31, 2020

Other non-current assets [Abstract]

Other Non-Current Assets

As of December 31, 2020 and 2019, other non-current assets consisted of the following:

	December 31, 2020		December 31, 2019
Nonrefundable deposit	$	28,509	$	22,262
Contract asset, net (Note 4)		23,972		19,474
Cost to fulfill (Note 4)		10,688		8,508
Unbilled receivables, net (Note 4)		6,462		-
Upfront payments to customers		6,330		5,904
Port access rights and initial lease costs		-		17,762
Other		10,069		10,256
Total other non-current assets, net	$	86,030	$	84,166

Accrued liabilities (Tables)

12 Months Ended

Dec. 31, 2020

Accrued liabilities [Abstract]

Accrued Liabilities

As of December 31, 2020 and 2019 accrued liabilities consisted of the following:

	December 31, 2020		December 31, 2019
Accrued development costs	$	16,631	$	25,037
Accrued interest		27,938		-
Accrued bonuses		17,344		14,991
Other accrued expenses		28,439		14,915
Total accrued liabilities	$	90,352	$	54,943

Debt (Tables)

12 Months Ended

Dec. 31, 2020

Debt [Abstract]

Long-Term Debt

As of December 31, 2020 and 2019, debt consisted of the following:

	December 31, 2020		December 31, 2019
Senior Secured Notes, due September 15, 2025	$	1,239,561	$	-
Term Loan Facility, due January 21, 2020		-		495,000
Senior Secured Bonds, due September 2034		-		70,960
Senior Secured Bonds, due December 2034		-		10,823
Senior Unsecured Bonds, due September 2036		-		42,274
Total debt	$	1,239,561	$	619,057

Interest Expense

	Year Ended December 31,
	2020		2019		2018
Interest per contractual rates	$	76,176	$	32,283	$	9,363
Amortization of debt issuance costs		15,471		12,301		3,617
Total interest costs		91,647		44,584		12,980
Capitalized interest		25,924		25,172		1,732
Total interest expense	$	65,723	$	19,412	$	11,248

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
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-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
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-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

Income taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income taxes [Abstract]

Loss Before Income Taxes

The components of the Company’s loss before income taxes for the years ended December 31, 2020, 2019, and 2018 were as follows:

	Year Ended December 31,
	2020			2019			2018
United States	$	(166,571	)	$	(194,481	)	$	(74,873	)
Foreign		(92,577	)		(9,399	)		(3,647	)
Loss before taxes	$	(259,148	)	$	(203,880	)	$	(78,520	)

Income Tax Expense (Benefit)

Income tax expense (benefit) is comprised of the following for the years ended December 31, 2020, 2019, and 2018:

	Year Ended December 31,
	2020		2019		2018
Current:
Domestic	$	-	$	-	$	-
Foreign		2,063		47		7
Total current tax expense		2,063		47		7
Deferred:
Domestic		-		-		-
Foreign		2,754		392		(345	)
Total deferred tax expense (benefit)		2,754		392		(345	)
Total provision for (benefit from) income taxes	$	4,817	$	439	$	(338	)

Effective Tax Rate

A reconciliation of the U.S. federal statutory income tax rate to the Company’s effective tax rate is as follows:

	Year Ended December 31,
	2020			2019			2018
Income tax at the statutory rate		21.0	%		21.0	%		-
Impact from foreign operations		(2.9	%)		-			-
Foreign tax rate differential		2.9	%		0.8	%		0.4	%
Foreign tax on foreign operations		0.4	%		2.9	%		-
Foreign permanent adjustments		(0.4	%)		5.0	%		-
Foreign valuation allowance		0.1	%		(10.8	%)		-
Domestic valuation allowance		(14.2	%)		(2.1	%)		-
Income attributable to non-controlling interest		(6.4	%)		(18.2	%)		-
Other		(2.4	%)		1.2	%		-
Effective income tax rate		(1.9	%)		(0.2	%)		0.4	%

Valuation Allowance on Deferred Tax Assets

The following table summarizes the changes in the Company’s valuation allowance on deferred tax assets for the period indicated for the years ended December 31, 2020 and 2019:

	Year Ended December 31,
	2020		2019
Balance at the beginning of the period	$	80,911	$	241
Change in valuation allowance		51,586		80,670
Balance at the end of the period	$	132,497	$	80,911

Deferred Tax Assets and Liabilities

The tax effect of each type of temporary difference and carryforward that give rise to a significant deferred tax asset or liability as of December 31, 2020 and 2019 are as follows:

	Year Ended December 31,
	2020			2019
Deferred tax assets:
Investment in NFI	$	64,553		$	46,185
Accrued interest		18,885			14,047
IRC Section 163(j) interest carryforward		6,909			182
Federal and state net operating loss carryforward		32,145			3,215
Foreign net operating loss carryforward		24,525			19,713
Share-based compensation		6,611			8,958
Lease liability		4,383			-
Other		1,252			224
Total deferred tax assets		159,263			92,524
Valuation allowance		(132,497	)		(80,911	)
Deferred tax assets, net of valuation allowance		26,766			11,613

Deferred tax liabilities:
Property and equipment		(22,566	)		(11,820	)
Lease asset		(4,215	)		-
Total deferred tax liabilities		(26,781	)		(11,820	)
Net deferred tax liabilities	$	(15	)	$	(207	)

Commitments and contingencies (Tables)

12 Months Ended

Dec. 31, 2020

Commitments and contingencies [Abstract]

Estimated Future Cash Payments

		2021				2022				2023				2024				_2024+
Purchase obligations		$	376,097			$	362,294			$	362,294			$	362,311			$	1,027,352

Earnings per share (Tables)

12 Months Ended

Dec. 31, 2020

Earnings per share [Abstract]

Earnings Per Share

	December 31, 2020			December 31, 2019
Numerator:
Net loss	$	(263,965	)	$	(204,319	)
Less: net loss attributable to non-controlling interests		81,818			170,510
Net loss attributable to Class A common stock	$	(182,147	)	$	(33,809	)
Denominator:
Weighted-average shares-basic and diluted		106,654,918			20,862,555

Net loss per share - basic and diluted	$	(1.71	)	$	(1.62	)

Dilutive Securities Excluded from Computation of Diluted Net Loss Per Share Effects Presented in Anti-dilutive

The following table presents potentially dilutive securities excluded from the computation of diluted net loss per share for the periods presented because its effects would have been anti-dilutive.

	December 31, 2020		December 31, 2019
Unvested RSUs1		1,538,060		3,137,415
Class B shares2		-		144,342,572
Shannon Equity Agreement shares3		428,275		1,083,995
Total		1,966,335		148,563,982

1	Represents the number of instruments outstanding at the end of the period.

2	Class B shares at the end of the period are considered potentially dilutive Class A shares.

3	Class A common stock that would be issued in relation to the Shannon LNG Equity Agreement.

Share-based compensation (Tables)

12 Months Ended

Dec. 31, 2020

Share-based compensation [Abstract]

RSU Activity

The following table summarizes the RSU activity for the year ended December 31, 2020:

	Restricted Share Units			Weighted-average grant date fair value per share
Non-vested RSUs as of December 31, 2019		3,137,415		$	13.44
Granted		109,409			14.47
Vested		(1,507,633	)		13.47
Forfeited		(201,131	)		13.51
Non-vested RSUs as of December 31, 2020		1,538,060		$	13.49

Share-based Compensation Expense

The following table summarizes the share-based compensation expense for the Company’s RSUs recorded for the year ended December 31, 2020 and 2019:

	Year Ended December 31,
	2020		2019
Operations and maintenance	$	800	$	853
Selling, general and administrative		7,943		40,594
Total share-based compensation expense	$	8,743	$	41,447

Related party transactions (Tables)

12 Months Ended

Dec. 31, 2020

Due to/from Affiliates

The table below summarizes the balances outstanding with affiliates as of December 31, 2020 and 2019:

	December 31, 2020		December 31, 2019
Amounts due to affiliates	$	8,980	$	10,252
Amounts due from affiliates		1,881		1,577

Unaudited quarterly financial data (Tables)

12 Months Ended

Dec. 31, 2020

Unaudited quarterly financial data [Abstract]

Quarterly Financial Data

Summarized quarterly financial data for the years ended December 31, 2020 and 2019 are as follows:

(in thousands of U.S. dollars, except per share data)
	Three Months Ended
	March 31, 2020 (1)			June 30, 2020 (1, 2)			September 30, 2020			December 31, 2020

Revenues	$	74,530		$	94,566		$	136,858		$	145,696
Operating loss		(36,169	)		(148,273	)		11,053			18,031
Net loss		(60,223	)		(166,587	)		(36,670	)		(485	)
Net (loss) income attributable to stockholders		(8,466	)		(137,493	)		(36,358	)		170
Basic and diluted (loss) income per share (3)		(0.32	)		(2.40	)		(0.21	)		0.00

	Three Months Ended
	March 31, 2019			June 30, 2019			September 30, 2019			December 31, 2019

Revenues	$	29,951		$	39,766		$	49,656		$	69,752
Operating loss		(59,337	)		(43,959	)		(47,726	)		(36,253	)
Net loss		(60,292	)		(51,233	)		(54,424	)		(38,370	)
Net loss attributable to stockholders		(13,557	)		(6,186	)		(6,723	)		(7,343	)
Basic and diluted loss per share (3)		(0.96	)		(0.28	)		(0.30	)		(0.30	)

(1)

(2)

(3)	Basic and diluted earnings per share are computed independently for each of the quarters presented. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share.

Organization (Details)	12 Months Ended
Organization (Details)	Dec. 31, 2020 Segment
Organization [Abstract]
Number of operating segments	1

Significant accounting policies (Details) $ / shares in Units, $ in Thousands					3 Months Ended	12 Months Ended
	Aug. 07, 2020 $ / shares shares	Jun. 10, 2020 shares	Mar. 01, 2019 USD ($) $ / shares shares	Feb. 04, 2019 USD ($) $ / shares shares	Jun. 30, 2020 USD ($)	Dec. 31, 2020 USD ($) Obligation $ / shares shares	Dec. 31, 2019 USD ($) $ / shares shares	Dec. 31, 2018 USD ($)
Basis of presentation and principles of consolidation [Abstract]
Net proceeds from initial public offering						$ 0	$ 274,948	$ 0
Percentage of voting and non-economic interest				88.00%
Percentage of economic interest in NFI				88.00%
Payment of stock issuance costs						$ 1,107	6,938	$ 0
Exchange transactions completion date						Jun. 10, 2020
Number of LLC shares converted to Corporate shares (in shares) \| shares	1
Par value per share (in dollars per share) \| $ / shares	$ 0.01
Taxation [Abstract]
Deferred tax assets, net						$ 2,315	34
Deferred tax liabilities						26,781	11,820
Asset retirement obligations [Abstract]
Asset retirement obligations settlements						0	0
Impairment of long-lived assets [Abstract]
Impairment of long-lived assets						$ 0	$ 0
Revenue recognition [Abstract]
Number of performance obligations \| Obligation						1
Contract Termination Charges and Loss on Mitigation Sales [Abstract]
Termination charges					$ 105,000	$ 105,000
Loss on mitigation sales						$ (19,114)
Net loss per share [Abstract]
Shares outstanding (in shares) \| shares						0	0
GILTI [Member]
Taxation [Abstract]
Deferred tax assets, net						$ 0
Deferred tax liabilities						$ 0
Terminal and Power Plant Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment, Net [Abstract]
Estimated economic life						4 years
Terminal and Power Plant Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment, Net [Abstract]
Estimated economic life						24 years
CHP Facilities [Member] \| Minimum [Member]
Property, Plant and Equipment, Net [Abstract]
Estimated economic life						4 years
CHP Facilities [Member] \| Maximum [Member]
Property, Plant and Equipment, Net [Abstract]
Estimated economic life						20 years
Gas Terminals [Member] \| Minimum [Member]
Property, Plant and Equipment, Net [Abstract]
Estimated economic life						5 years
Gas Terminals [Member] \| Maximum [Member]
Property, Plant and Equipment, Net [Abstract]
Estimated economic life						24 years
ISO Containers and Other Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment, Net [Abstract]
Estimated economic life						3 years
ISO Containers and Other Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment, Net [Abstract]
Estimated economic life						25 years
LNG Liquefaction Facilities [Member] \| Minimum [Member]
Property, Plant and Equipment, Net [Abstract]
Estimated economic life						20 years
LNG Liquefaction Facilities [Member] \| Maximum [Member]
Property, Plant and Equipment, Net [Abstract]
Estimated economic life						40 years
Gas Pipelines [Member] \| Minimum [Member]
Property, Plant and Equipment, Net [Abstract]
Estimated economic life						4 years
Gas Pipelines [Member] \| Maximum [Member]
Property, Plant and Equipment, Net [Abstract]
Estimated economic life						24 years
Leasehold Improvements [Member] \| Minimum [Member]
Property, Plant and Equipment, Net [Abstract]
Estimated economic life						2 years
Leasehold Improvements [Member] \| Maximum [Member]
Property, Plant and Equipment, Net [Abstract]
Estimated economic life						20 years
Class A [Member]
Basis of presentation and principles of consolidation [Abstract]
Shares outstanding (in shares) \| shares						174,622,862
Shares issued in exchange of NFI units (in shares) \| shares		144,342,572
Par value per share (in dollars per share) \| $ / shares						$ 0.01	$ 0.01
Class A [Member] \| IPO [Member]
Basis of presentation and principles of consolidation [Abstract]
Shares issued in initial public offering (in shares) \| shares			837,272	20,000,000
IPO price per share (in dollars per share) \| $ / shares			$ 14.00	$ 14.00
Net proceeds from initial public offering			$ 11,000	$ 257,000
Shares outstanding (in shares) \| shares			20,837,272
Payment of stock issuance costs			$ 700
Class B [Member]
Basis of presentation and principles of consolidation [Abstract]
Shares outstanding (in shares) \| shares						0
Shares issued in exchange of NFI units (in shares) \| shares		144,342,572
Class B [Member] \| IPO [Member]
Basis of presentation and principles of consolidation [Abstract]
Effects of reorganization transactions (in shares) \| shares				147,058,824
Shares outstanding (in shares) \| shares				147,058,824

Adoption of new and revised standards (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Adoption of New and Revised Standards [Abstract]
Right-of-use asset	$ 141,347	$ 0
Lease liability	119,804
Adjustments to retained earnings, net of tax	(229,503)	(45,823)
ASU 2016-13 [Member]
Adoption of New and Revised Standards [Abstract]
Credit loss expense	$ 316
ASU 2016-13 [Member] \| Cumulative Effect, Period of Adoption, Adjustment [Member]
Adoption of New and Revised Standards [Abstract]
Adjustments to retained earnings, net of tax		(228)
ASU 2016-02 [Member]
Adoption of New and Revised Standards [Abstract]
Right-of-use asset		124,774
Lease liability		103,874
ASU 2016-02 [Member] \| Cumulative Effect, Period of Adoption, Adjustment [Member]
Adoption of New and Revised Standards [Abstract]
Adjustments to retained earnings, net of tax		(9,085)
Adjustments to retained earnings, tax		$ (2,945)

Revenue from contracts with customers (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenue from contracts with customers [Abstract]
Receivables, revenue from contracts with customers	$ 76,431	$ 40,731
Current expected credit losses	98	0
Contract with Customer, Asset and Liability [Abstract]
Contract assets, net - current	3,673	3,787
Contract assets, net - non-current	23,972	19,474
Total contract assets, net	27,645	23,261
Contract liabilities	8,399	6,542
Revenue recognized in the year from [Abstract]
Amounts included in contract liabilities at the beginning of the year	6,542	0
Contract assets net of current expected credit losses	372	0
Unbilled receivables net of current expected credit losses	6,818
Unbilled receivables included in other current assets	356
Unbilled receivables included in other non-current asset	6,462
Disaggregation of Revenue [Abstract]
Operating revenue	318,311	145,500	$ 96,906
Other revenues	133,339	43,625	15,395
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	4,357,054
Capitalized Contract Cost [Abstract]
Capitalized contract costs	11,276	8,839
Other current assets	588	331
Other noncurrent assets	10,688	8,508
Power and Steam [Member]
Disaggregation of Revenue [Abstract]
Operating revenue	23,062
Development Services [Member]
Disaggregation of Revenue [Abstract]
Other revenues	129,753	27,308	0
Development Services [Member] \| Natural Gas Used In Commissioning [Member]
Disaggregation of Revenue [Abstract]
Other revenues	118,757
Lease and Other Revenue [Member]
Disaggregation of Revenue [Abstract]
Other revenues	3,586	$ 16,317	$ 15,395
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	$ 258,738
Remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	$ 250,226
Remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	$ 250,317
Remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	$ 249,804
Remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	$ 246,709
Remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	$ 3,101,260
Remaining performance obligation, expected timing of satisfaction, period

Leases, Components of Operating Lease Costs (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020 USD ($)
Operating lease cost [Abstract]
Fixed lease cost	$ 39,841
Variable lease cost	2,013
Short-term lease cost	1,454
Lease cost - Cost of sales	36,283
Lease cost - Operations and maintenance	2,501
Lease cost - Selling, general and administrative	4,524
Capitalized lease cost	$ 10,457

Leases, Lessee Operating Lease Supplemental Cash Flow Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020 USD ($)
Supplemental cash flow information related to leases [Abstract]
Operating cash outflows for operating lease liabilities	$ 45,934
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 182,799

Leases, Future Payments Due under Operating Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Future payments due under operating leases [Abstract]
2021	$ 43,467
2022	29,949
2023	18,738
2024	17,884
2025	10,698
Thereafter	50,387
Total lease payments	171,123
Less: effects of discounting	51,319
Present value of lease liabilities	119,804
Current lease liability	35,481	$ 0
Non-current lease liability	$ 84,323	$ 0
Weighted-average remaining lease term	7 years 2 months 12 days
Weighted average discount rate	8.30%

Leases, Future Annual Minimum Lease Payments for Operating Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Operating lease future minimum payments before adoption of ASC 842 [Abstract]
2020		$ 37,776
2021		35,478
2022		18,387
2023		7,083
2024		7,151
Thereafter		26,458
Total		132,333
Operating leases, rent expense [Abstract]
Rental expense		$ 37,069	$ 23,687
Noncancelable term for ISO tanks	5 years
Fixed payments for lease components	$ 19,000

Leases, Property, Plant and Equipment Subject to Operating Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment Subjected to Operating Lease [Abstract]
Total property, plant and equipment, net	$ 614,206	$ 192,222
Lessor [Member]
Property, Plant and Equipment Subjected to Operating Lease [Abstract]
Property, plant and equipment	18,394
Accumulated depreciation	(932)
Total property, plant and equipment, net	$ 17,462

Leases, Expected Future Lease Payments (Details) $ in Thousands	Dec. 31, 2020 USD ($)
Financing leases, lease receivable, fiscal year maturity [Abstract]
2021	$ 1,965
2022	2,065
2023	2,066
2024	2,068
2025	1,933
Thereafter	5,438
Total	15,535
Less: Imputed interest	7,119
Present value of total lease receipts	8,416
Current finance leases, net	1,372
Non-current finance leases, net	7,044
Operating lease, payments, fiscal year maturity [Abstract]
2021	256
2022	247
2023	249
2024	234
2025	194
Thereafter	539
Total	$ 1,719

Fair value (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2020

Dec. 31, 2019

Assets [Abstract]

Restricted cash

$ 27,814

$ 65,937

Fair Value Adjustment and Currency Translation Adjustment [Abstract]

Fair value adjustment - Loss

4,408

121

Currency translation adjustment - Loss/(gain)

2,476

(280)

Senior Notes [Member]

Fair Value Adjustment and Currency Translation Adjustment [Abstract]

Fair value of notes

1,327,488

Market Approach [Member]

Assets [Abstract]

Cash and cash equivalents

601,522

27,098

Restricted cash

27,814

65,937

Investment in equity securities

1,095

2,540

Total

630,431

95,575

Income Approach [Member]

Liabilities [Abstract]

Derivative liability

^[1]

10,716

9,800

Equity agreement

^[2]

22,768

16,800

Total

33,484

26,600

Level 1 [Member] | Market Approach [Member]

Assets [Abstract]

Cash and cash equivalents

601,522

27,098

Restricted cash

27,814

65,937

Investment in equity securities

1,095

2,540

Total

630,431

95,575

Level 1 [Member] | Income Approach [Member]

Liabilities [Abstract]

Derivative liability

^[1]

Equity agreement

^[2]

Total

Level 2 [Member] | Market Approach [Member]

Assets [Abstract]

Cash and cash equivalents

Restricted cash

Investment in equity securities

Total

Level 2 [Member] | Income Approach [Member]

Liabilities [Abstract]

Derivative liability

^[1]

Equity agreement

^[2]

Total

Level 3 [Member] | Market Approach [Member]

Assets [Abstract]

Cash and cash equivalents

Restricted cash

Investment in equity securities

Total

Level 3 [Member] | Income Approach [Member]

Liabilities [Abstract]

Derivative liability

^[1]

10,716

9,800

Equity agreement

^[2]

22,768

16,800

Total

$ 33,484

$ 26,600

[1]	Consideration due to the sellers of Shannon LNG once first gas is supplied from the terminal to be built.
[2]	To be paid at the earlier of agreed-upon date or the date on which the valid planning permission is received as specified in the amended Shannon LNG Agreement.

Restricted cash (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Restricted cash [Abstract]
Collateral for performance under customer agreements	$ 15,000	$ 15,000
Collateral for LNG purchases	11,664	35,000
Collateral for letters of credit and performance bonds	900	7,388
Debt service reserve account	0	8,299
Other restricted cash	250	250
Total restricted cash	27,814	65,937
Current restricted cash	12,814	30,966
Non-current restricted cash	$ 15,000	$ 34,971

Inventory (Details) - USD ($) $ in Thousands	12 Months Ended
Inventory (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Inventory [Abstract]
LNG and natural gas inventory	$ 13,986	$ 57,436
Automotive diesel oil inventory	3,986	4,746
Bunker fuel, materials, supplies and other	4,888	1,250
Total inventory	22,860	63,432
Inventory adjustments	$ 0	$ 251	$ 0

Prepaid expenses and other current assets (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Prepaid expenses and other current assets [Abstract]
Prepaid LNG	$ 11,987	$ 7,097
Prepaid expenses	4,941	7,458
Due from affiliates (Note 21)	1,881	1,577
Other current assets	29,461	23,602
Total prepaid expenses and other current assets, net	$ 48,270	$ 39,734

Construction in progress (Details) - USD ($) $ in Thousands	12 Months Ended
Construction in progress (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Construction in Progress [Roll Forward]
Balance at beginning of period	$ 466,587	$ 254,700
Additions	118,530	315,188
Transferred to property, plant and equipment, net (Note 11)	(351,080)	(103,301)
Balance at end of period	234,037	466,587	$ 254,700
Interest costs capitalized	$ 25,924	$ 25,172	$ 1,732

Property, plant and equipment, net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment, Net [Abstract]
Accumulated depreciation	$ (62,475)	$ (16,911)
Total property, plant and equipment, net	614,206	192,222
Depreciation	32,116	7,527	$ 3,900
Cost of Sales [Member]
Property, Plant and Equipment, Net [Abstract]
Depreciation	927	701	$ 713
Terminal and Power Plant Equipment [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	188,855	14,981
CHP Facilities [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	119,723	0
Gas Terminals [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	120,810	53,380
ISO Containers and Other Equipment [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	100,137	42,704
LNG Liquefaction Facilities [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	63,213	62,929
Gas Pipelines [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	58,974	11,684
Land [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	16,246	15,401
Leasehold Improvements [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	$ 8,723	$ 8,054

Intangible assets, net, Composition of intangible assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Intangible Assets, Net [Abstract]
Definite-Lived Intangible Assets, Accumulated Amortization	$ 2,628	$ 1,337
Definite-Lived Intangible Assets, Net Carrying Amount	44,828
Total Intangible Assets, Gross Carrying Amount	48,730	44,877
Total Intangible Assets, Net Carrying Amount	$ 46,102	$ 43,540
Weighted average remaining amortization period for intangible assets	37 years 6 months	38 years 9 months 18 days
Easements [Member]
Intangible Assets, Net [Abstract]
Indefinite-Lived Intangible Assets, Carrying Amount	$ 1,274	$ 1,161
Shannon LNG Permits [Member]
Intangible Assets, Net [Abstract]
Definite-Lived Intangible Assets, Gross Carrying Amount	45,897	42,157
Definite-Lived Intangible Assets, Accumulated Amortization	2,438	1,198
Definite-Lived Intangible Assets, Net Carrying Amount	$ 43,459	$ 40,959
Definite-Lived Intangible Assets, Weighted Average Life	40 years	40 years
Easements [Member]
Intangible Assets, Net [Abstract]
Definite-Lived Intangible Assets, Gross Carrying Amount	$ 1,559	$ 1,559
Definite-Lived Intangible Assets, Accumulated Amortization	190	139
Definite-Lived Intangible Assets, Net Carrying Amount	$ 1,369	$ 1,420
Definite-Lived Intangible Assets, Weighted Average Life	30 years	30 years

Intangible assets, net, Estimated aggregate amortization expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Estimated aggregate amortization expense for next five year [Abstract]
2021	$ 1,199
2022	1,199
2023	1,199
2024	1,199
2025	1,199
Thereafter	38,833
Definite-Lived Intangible Assets, Net Carrying Amount	44,828
Amortization	$ 1,120	$ 1,114

Other non-current assets (Details) $ in Thousands	12 Months Ended
Other non-current assets (Details) $ in Thousands	Dec. 31, 2020 USD ($) SalesContract	Dec. 31, 2019 USD ($)
Other non-current assets [Abstract]
Nonrefundable deposit	$ 28,509	$ 22,262
Contract asset net (Note 4)	23,972	19,474
Cost to fulfill (Note 4)	10,688	8,508
Unbilled receivables, net (Note 4)	6,462	0
Upfront payments to customers	6,330	5,904
Port access rights and initial lease costs	0	17,762
Other	10,069	10,256
Total other non-current assets, net	$ 86,030	$ 84,166
Number of sales contracts \| SalesContract	2
SAFE [Member]
Other Assets, Noncurrent [Abstract]
Investment in equity securities	$ 1,000

Accrued liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Accrued liabilities [Abstract]
Accrued development costs	$ 16,631	$ 25,037
Accrued interest	27,938	0
Accrued bonuses	17,344	14,991
Other accrued expenses	28,439	14,915
Total accrued liabilities	$ 90,352	$ 54,943

Debt (Details) - USD ($) $ in Thousands	12 Months Ended
Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Long-term Debt, Current and Noncurrent [Abstract]
Debt	$ 1,239,561	$ 619,057
Senior Secured Notes, due September 15, 2025 [Member]
Long-term Debt, Current and Noncurrent [Abstract]
Debt	$ 1,239,561	0
Maturity date	Sep. 15, 2025
Term Loan Facility, due January 21, 2020 [Member]
Long-term Debt, Current and Noncurrent [Abstract]
Debt	$ 0	495,000
Maturity date	Jan. 21, 2020
Senior Secured Bonds, due September 2034 [Member]
Long-term Debt, Current and Noncurrent [Abstract]
Debt	$ 0	70,960
Maturity date	Sep. 30, 2034
Senior Secured Bonds, due December 2034 [Member]
Long-term Debt, Current and Noncurrent [Abstract]
Debt	$ 0	10,823
Maturity date	Dec. 31, 2034
Senior Unsecured Bonds, due September 2036 [Member]
Long-term Debt, Current and Noncurrent [Abstract]
Debt	$ 0	$ 42,274
Maturity date	Sep. 30, 2036

Debt, Senior Secured Notes (Details) - USD ($) $ in Thousands			12 Months Ended
	Dec. 17, 2020	Sep. 02, 2020	Dec. 31, 2020	Jan. 10, 2020
Senior Secured Notes [Member]
Senior Secured Notes [Abstract]
Debt instrument, issued	$ 250,000	$ 1,000,000
Fixed interest rate		6.75%
Frequency of payments			semi-annually
Maturity date			Sep. 15, 2025
Fees incurred		$ 17,937
Third party fees		4,028
Reduction in principal balance			$ 13,909
Remaining unamortized deferred financing costs		6,501	$ 10,439
Proceeds from premium on issuance of secured debt	13,125
Additional financing costs incurred	$ 4,188
Credit Agreement [Member]
Senior Secured Notes [Abstract]
Debt instrument, issued				$ 800,000
Maturity date			Jan. 15, 2023
Reduction in principal balance		$ 6,501		$ 37,051

Debt, The Credit Agreement (Details) - USD ($) $ in Thousands			12 Months Ended
	Sep. 02, 2020	Jan. 10, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Aug. 16, 2018
Credit Agreement [Abstract]
Outstanding principal amount			$ 1,239,561	$ 619,057
Loss on extinguishment of debt			$ 33,062	$ 0	$ 9,568
Credit Agreement [Member]
Credit Agreement [Abstract]
Aggregate principal amount		$ 800,000
Debt maturity date			Jan. 15, 2023
Variable interest rate		6.25%
Increase in interest rate		1.50%
Loss on extinguishment of debt	$ 16,310
Reduction in principal balance	$ 6,501	$ 37,051
Credit Agreement [Member] \| Interest Rate Floor [Member]
Credit Agreement [Abstract]
Variable interest rate		1.50%
Term Loan Facility, due January 21, 2020 [Member]
Credit Agreement [Abstract]
Aggregate principal amount					$ 500,000	$ 240,000
Debt maturity date			Jan. 21, 2020
Variable interest rate				4.00%
Increase in interest rate				0.50%
Outstanding principal amount			$ 0	$ 495,000
Loss on extinguishment of debt			$ 9,557

Debt, Term Loan Facility (Details) $ in Thousands		12 Months Ended
Debt, Term Loan Facility (Details) $ in Thousands	Mar. 21, 2019 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($) Extension	Dec. 31, 2018 USD ($)	Aug. 16, 2018 USD ($) Lender
Term Loan Facility [Abstract]
Loss on extinguishment of debt, net		$ (33,062)	$ 0	$ (9,568)
Term Loan Facility, Due January 21, 2020 [Member]
Term Loan Facility [Abstract]
Number of lenders \| Lender					2
Aggregate principal amount				500,000	$ 240,000
Outstanding borrowings	$ 500,000			$ 280,000
Additional borrowing amount	$ 220,000
Debt instrument, basis spread on variable rate			4.00%
Debt instrument, frequency of periodic payment		quarterly
Debt instrument, periodic payment			$ 1,250
Unamortized deferred financing cost			$ 0
Number of extensions for maturity date \| Extension			2
Additional extended maturity period			6 months
Percentage of fee payable in outstanding principal for extension of maturity date			1.00%
Increase in interest rate			0.50%
Loss on extinguishment of debt, net		$ (9,557)
Term Loan Facility, Due January 21, 2020 [Member] \| Floor Rate [Member]
Term Loan Facility [Abstract]
Debt instrument, basis spread on variable rate			1.00%
Term Loan Facility, Due January 21, 2020 [Member] \| Federal Funds Rate [Member]
Term Loan Facility [Abstract]
Debt instrument, basis spread on variable rate			0.50%
Term Loan Facility, Due January 21, 2020 [Member] \| LIBOR [Member]
Term Loan Facility [Abstract]
Debt instrument, basis spread on variable rate			1.00%
Debt instrument, term of variable rate			1 month
Interest rate plus spread			3.00%

Debt, South Power Bonds (Details) - USD ($) $ in Thousands		1 Months Ended	12 Months Ended
Debt, South Power Bonds (Details) - USD ($) $ in Thousands	Sep. 21, 2020	Jan. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Sep. 02, 2019
Senior Secured and Unsecured Bonds [Abstract]
Loss on extinguishment of debt			$ 33,062	$ 0	$ 9,568
Senior Secured Bonds [Member] \| South Power [Member]
Senior Secured and Unsecured Bonds [Abstract]
Debt instrument, issuable						$ 73,317
Debt instrument, issuable upon completion of certain conditions				63,000
Proceeds from issuance of bonds		$ 52,144		$ 10,856
Fixed interest rate			8.25%
Maturity period			15 years
Non-payment of principal due period			7 years
Frequency of payments			quarterly
Percentage of quarterly principal payment			1.60%
Percentage of balloon payment due upon maturity			50.00%
Senior Unsecured Bonds [Member] \| South Power [Member]
Senior Secured and Unsecured Bonds [Abstract]
Debt instrument, issuable						$ 43,683
Fixed interest rate			11.00%
Maturity date			Sep. 30, 2036
Non-payment of principal due period			9 years
Frequency of payments			quarterly
Senior Secured Bonds and Senior Unsecured Bonds [Member] \| South Power [Member]
Senior Secured and Unsecured Bonds [Abstract]
Fees paid			$ 3,892
Loss on extinguishment of debt	$ 7,195
Unamortized deferred financing costs, write-off	3,594
Prepayment premium paid to bondholders	$ 3,601

Debt, Interest Expense (Details) - USD ($) $ in Thousands	12 Months Ended
Debt, Interest Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Interest costs [Abstract]
Amortization of debt issuance costs	$ 10,519	$ 5,873	$ 4,023
Interest expense	65,723	19,412	11,248
Debt [Member]
Interest costs [Abstract]
Interest per contractual rates	76,176	32,283	9,363
Amortization of debt issuance costs	15,471	12,301	3,617
Total interest costs	91,647	44,584	12,980
Capitalized interest	25,924	25,172	1,732
Interest expense	$ 65,723	$ 19,412	$ 11,248

Income taxes, Components of Loss Before Income Taxes (Details) - USD ($) $ in Thousands		12 Months Ended
	Jun. 10, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Feb. 04, 2019
Loss before Income Taxes [Abstract]
Deferred tax asset		$ 159,263	$ 92,524
Percentage of NFI operations included in income tax provision	100.00%
Loss before taxes		(259,148)	(203,880)	$ (78,520)
IPO [Member]
Loss before Income Taxes [Abstract]
Deferred tax asset					$ 42,783
United States [Member]
Loss before Income Taxes [Abstract]
Loss before taxes		(166,571)	(194,481)	(74,873)
Foreign [Member]
Loss before Income Taxes [Abstract]
Loss before taxes		$ (92,577)	$ (9,399)	$ (3,647)

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 20
-Section 25
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=68072869&loc=d3e41242-110953

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(8))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI http://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

Income taxes, Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Current [Abstract]
Domestic	$ 0	$ 0	$ 0
Foreign	2,063	47	7
Total current tax expense	2,063	47	7
Deferred [Abstract]
Domestic	0	0	0
Foreign	2,754	392	(345)
Total deferred tax expense (benefit)	2,754	392	(345)
Total provision for (benefit from) income taxes	$ 4,817	$ 439	$ (338)

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Income taxes, Reconciliation of Income tax to Effective Tax Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Effective Tax Rate [Abstract]
Income tax at the statutory rate	21.00%	21.00%	0.00%
Impact from foreign operations	(2.90%)	0.00%	0.00%
Foreign tax rate differential	2.90%	0.80%	0.40%
Foreign tax on foreign operations	0.40%	2.90%	0.00%
Foreign permanent adjustments	(0.40%)	5.00%	0.00%
Foreign valuation allowance	0.10%	(10.80%)	0.00%
Domestic valuation allowance	(14.20%)	(2.10%)	0.00%
Income attributable to non-controlling interest	(6.40%)	(18.20%)	0.00%
Other	(2.40%)	1.20%	0.00%
Effective income tax rate	(1.90%)	(0.20%)	0.40%
Unrecognized tax benefits	$ 0	$ 0	$ 0

Income taxes, Changes in Valuation Allowance on Deferred Tax Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income taxes [Abstract]
Balance at the beginning of the period	$ 80,911	$ 241
Change in valuation allowance	51,586	80,670
Balance at the end of the period	$ 132,497	$ 80,911

Income taxes, Significant Deferred Tax Asset or Liability (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Deferred Tax Assets [Abstract]
Investment in NFI	$ 64,553	$ 46,185
Accrued interest	18,885	14,047
IRC Section 163(j) interest carryforward	6,909	182
Federal and state net operating loss carryforward	32,145	3,215
Foreign net operating loss carryforward	24,525	19,713
Share-based compensation	6,611	8,958
Lease liability	4,383	0
Other	1,252	224
Total deferred tax assets	159,263	92,524
Valuation allowance	(132,497)	(80,911)	$ (241)
Deferred tax assets, net of valuation allowance	26,766	11,613
Deferred Tax Liabilities [Abstract]
Property and equipment	(22,566)	(11,820)
Lease asset	(4,215)	0
Total deferred tax liabilities	(26,781)	(11,820)
Net deferred tax liabilities	$ (15)	$ (207)
Offset percentage of future taxable income	80.00%
Operating loss carryforwards from foreign subsidiaries	$ 86,176
Federal [Member]
Deferred Tax Liabilities [Abstract]
Operating loss carryforwards	147,928
State [Member]
Deferred Tax Liabilities [Abstract]
Operating loss carryforwards	30,661
Jamaica [Member]
Deferred Tax Liabilities [Abstract]
Operating loss carryforwards from foreign subsidiaries	64,819
Ireland [Member]
Deferred Tax Liabilities [Abstract]
Operating loss carryforwards from foreign subsidiaries	8,865
Puerto Rico and Mexico [Member]
Deferred Tax Liabilities [Abstract]
Operating loss carryforwards from foreign subsidiaries	$ 11,830

Commitments and contingencies (Details) $ in Thousands	12 Months Ended
Commitments and contingencies (Details) $ in Thousands	Dec. 31, 2020 USD ($) MMBTU Agreement Cargo
Estimated Future Cash Payments [Abstract]
2021	$ 376,097
2022	362,294
2023	362,294
2024	362,311
2024+	$ 1,027,352
LNG Inventory Purchases [Member]
Estimated Future Cash Payments [Abstract]
Number of supply agreements \| Agreement	4
Number of cargoes \| Cargo	12
LNG Inventory Purchases Between 2021 and 2030 [Member]
Estimated Future Cash Payments [Abstract]
Energy of purchase commitment \| MMBTU	415
LNG Inventory Purchases Between 2022 and 2025 [Member]
Estimated Future Cash Payments [Abstract]
Energy of purchase commitment \| MMBTU	68
LNG Inventory Purchases Between 2026 and 2029 [Member]
Estimated Future Cash Payments [Abstract]
Energy of purchase commitment \| MMBTU	28
Gas Inventory Purchases [Member]
Estimated Future Cash Payments [Abstract]
Contractual purchase commitment remaining term	5 years

Earnings per share (Details) - USD ($)
$ / shares in Units, $ in Thousands

1 Months Ended

3 Months Ended

11 Months Ended

12 Months Ended

Feb. 04, 2019

Dec. 31, 2020

Sep. 30, 2020

Jun. 30, 2020

^[2]

Mar. 31, 2020

^[2]

Dec. 31, 2019

Sep. 30, 2019

Jun. 30, 2019

Mar. 31, 2019

Dec. 31, 2019

Dec. 31, 2020

Dec. 31, 2019

Dec. 31, 2018

Numerator [Abstract]

Net loss

$ (8,003)

$ (485)

$ (36,670)

$ (166,587)

^[1]

$ (60,223)

$ (38,370)

$ (54,424)

$ (51,233)

$ (60,292)

$ (196,316)

$ (263,965)

$ (204,319)

$ (78,182)

Less: net loss attributable to non-controlling interests

81,818

170,510

106

Net loss attributable to stockholders

$ 170

$ (36,358)

$ (137,493)

^[1]

$ (8,466)

$ (7,343)

$ (6,723)

$ (6,186)

$ (13,557)

$ (182,147)

$ (33,809)

$ (78,076)

Denominator [Abstract]

Weighted-average shares-basic and diluted (in shares)

106,654,918

20,862,555

Net loss per share - basic and diluted (in dollars per share)

$ 0.00

^[3]

$ (0.21)

^[3]

$ (2.40)

^[3]

$ (0.32)

^[3]

$ (0.30)

^[3]

$ (0.30)

^[3]

$ (0.28)

^[3]

$ (0.96)

^[3]

$ (1.71)

$ (1.62)

Dilutive Securities Excluded from Computation of Diluted Net Loss Per Share Effects Presented in Anti-dilutive [Abstract]

Anti-dilutive securities excluded from computation of diluted weighted average shares outstanding (in shares)

1,966,335

148,563,982

Class B [Member]

Dilutive Securities Excluded from Computation of Diluted Net Loss Per Share Effects Presented in Anti-dilutive [Abstract]

Anti-dilutive securities excluded from computation of diluted weighted average shares outstanding (in shares)

^[4]

144,342,572

Unvested RSU [Member]

Dilutive Securities Excluded from Computation of Diluted Net Loss Per Share Effects Presented in Anti-dilutive [Abstract]

Anti-dilutive securities excluded from computation of diluted weighted average shares outstanding (in shares)

^[5]

1,538,060

3,137,415

Shannon Equity Agreement [Member]

Dilutive Securities Excluded from Computation of Diluted Net Loss Per Share Effects Presented in Anti-dilutive [Abstract]

Anti-dilutive securities excluded from computation of diluted weighted average shares outstanding (in shares)

^[6]

428,275

1,083,995

[1]	Operating loss, net loss and net loss attributable to stockholders for the three months ended June 30, 2020 includes a termination charge of $105,000 associated with an agreement with one of the Company’s LNG suppliers to terminate the obligation to purchase any LNG from this supplier for the remainder of 2020.
[2]	Operating loss, net loss and net loss attributable to stockholders for the three months ended March 31, 2020 and June 30, 2020 reflect the adoption of ASC 326. The Company adopted ASC 326 in the third quarter of 2020 with an effective date of January 1, 2020, due to the loss of EGC status in that quarter.
[3]	Basic and diluted earnings per share are computed independently for each of the quarters presented. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share.
[4]	Class B shares at the end of the period are considered potentially dilutive Class A shares.
[5]	Represents the number of instruments outstanding at the end of the period.
[6]	Class A common stock that would be issued in relation to the Shannon LNG Equity Agreement.

Share-based compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Restricted Stock Units [Member]
Number of Shares [Roll Forward]
Non-vested RSUs, beginning balance (in shares)	3,137,415	3,137,415
Granted (in shares)		109,409
Vested and shares issued (in shares)		(1,507,633)
Forfeited (in shares)		(201,131)
Non-vested RSUs, ending balance (in shares)		1,538,060	3,137,415
Weighted Average Grant Date Fair Value Per Share [Abstract]
Non-vested RSUs, beginning balance (in dollars per share)	$ 13.44	$ 13.44
Granted (in dollars per share)		14.47
Vested and shares issued (in dollars per share)		13.47
Forfeited (in dollars per share)		13.51
Non-vested RSUs, ending balance (in dollars per share)		$ 13.49	$ 13.44
Share-based compensation expense		$ 8,743	$ 41,447
Compensation expense recognized for forfeited RSU awards		914	2,248
Unrecognized compensation cost		$ 8,211
Weighted-average remaining vesting period of non-vested stock (in years)		1 year 10 days
Restricted Stock Units [Member] \| Operations and Maintenance [Member]
Weighted Average Grant Date Fair Value Per Share [Abstract]
Share-based compensation expense		$ 800	853
Restricted Stock Units [Member] \| Selling, General and Administrative Expenses [Member]
Weighted Average Grant Date Fair Value Per Share [Abstract]
Share-based compensation expense		$ 7,943	$ 40,594
Restricted Stock Units [Member] \| Minimum [Member]
Weighted Average Grant Date Fair Value Per Share [Abstract]
Vesting period		10 months
Restricted Stock Units [Member] \| Maximum [Member]
Weighted Average Grant Date Fair Value Per Share [Abstract]
Vesting period		3 years
Performance Share Units [Member]
Weighted Average Grant Date Fair Value Per Share [Abstract]
Unrecognized compensation cost		$ 30,864
Weighted-average remaining vesting period of non-vested stock (in years)		1 year
Performance Share Units [Member] \| Employees and Non-employees [Member]
Number of Shares [Roll Forward]
Granted (in shares)	1,109,777
Performance Share Units [Member] \| Minimum [Member]
Number of Shares [Roll Forward]
Vested and shares issued (in shares)	0
Performance Share Units [Member] \| Maximum [Member]
Number of Shares [Roll Forward]
Vested and shares issued (in shares)	(2,219,554)

Stockholder's equity and Members' equity (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended	11 Months Ended	12 Months Ended
	Jun. 10, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Oct. 31, 2020	Aug. 31, 2020	Jan. 31, 2018
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Proceeds from issuance of common stock net of issuance costs				$ 291,992	$ 0
Common stock issuance costs				1,107	6,938	$ 0
Dividend amount per share (in dollars per share)							$ 0.10	$ 0.10
Payment of dividends				$ 33,742	$ 0	$ 0
Class A [Member]
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares issued in exchange of NFI units (in shares)	144,342,572
Class B [Member]
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares issued in exchange of NFI units (in shares)	144,342,572
Members' Capital [Member]
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares issued (in shares)									665,843
Common stock par value (in dollars per share)									$ 0
Shares issued, value									$ 20,150
Common Stock [Member] \| Class A [Member]
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares issued in exchange of NFI units (in shares)			2,716,252	144,342,572
Issuance of shares for vested RSUs (in shares)			53,572	160,317
Shares issued (in shares)		5,882,352		5,882,352
Proceeds from issuance of common stock net of issuance costs		$ 290,771
Common stock issuance costs		$ 1,221
Common Stock [Member] \| Class B [Member]
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares issued in exchange of NFI units (in shares)			(2,716,252)	144,342,572

Related party transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Related party transaction [Abstract]
Administrative and general expenses	$ 7,291	$ 7,942	$ 5,741
Amount due to affiliates	8,980	10,252
Charter costs	2,483	5,367	1,873
Lease liability	119,804
Amounts due from affiliates	1,881	1,577
Rent and office related expenses incurred by affiliate	204
Noncurrent Lease Liabilities [Member]
Related party transaction [Abstract]
Lease liability	$ 3,279
DevTech Investment [Member]
Related party transaction [Abstract]
Minority interest percentage in exchange for cash consideration	10.00%
Percentage of note payable purchased by affiliate	10.00%
Note payable due	$ 715	815
Interest expense on note payable	77	94	18
Amounts due from affiliates	343	443
Fortress [Member]
Related party transaction [Abstract]
Amount due to affiliates	5,535	5,083
Fortress Affiliate [Member]
Related party transaction [Abstract]
Amount due to affiliates	472	4,286
Florida East Coast Industries [Member]
Related party transaction [Abstract]
Amount due to affiliates	316	0
Florida East Coast Industries [Member] \| Selling, General and Administrative Expenses [Member]
Related party transaction [Abstract]
Lease expense		223
Florida East Coast Industries [Member] \| Office Building [Member]
Related party transaction [Abstract]
Lease expense		609	0
Florida East Coast Industries [Member] \| Land [Member] \| Operations and Maintenance [Member]
Related party transaction [Abstract]
Lease expense	730	396	260
Florida East Coast Industries [Member] \| Construction in Progress [Member]
Related party transaction [Abstract]
Lease expense		386
Fortress Affiliated Entities [Member]
Related party transaction [Abstract]
Amount due to affiliates	2,657	883
Amounts due from affiliates	1,334	1,134
Rent and administrative expenses	$ 2,357	$ 811	$ 903

Related party transactions, Due to/from Affiliates (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Related party transactions [Abstract]
Amounts due to affiliates	$ 8,980	$ 10,252
Amounts due from affiliates	$ 1,881	$ 1,577

Customer concentrations (Details)
$ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2020

USD ($)

Sep. 30, 2020

USD ($)

Jun. 30, 2020

USD ($)

^[1]

Mar. 31, 2020

USD ($)

^[1]

Dec. 31, 2019

USD ($)

Sep. 30, 2019

USD ($)

Jun. 30, 2019

USD ($)

Mar. 31, 2019

USD ($)

Dec. 31, 2020

USD ($)

Customer

Dec. 31, 2019

USD ($)

Customer

Dec. 31, 2018

USD ($)

Customer

Concentration Risk, Net Assets Amount, Geographic Area [Abstract]

Revenues

$ 145,696

$ 136,858

$ 94,566

$ 74,530

$ 69,752

$ 49,656

$ 39,766

$ 29,951

$ 451,650

$ 189,125

$ 112,301

United States [Member]

Concentration Risk, Net Assets Amount, Geographic Area [Abstract]

Revenues

135,702

21,386

7,214

Long-Lived Assets

442,199

360,860

442,199

360,860

Outside of United States [Member]

Concentration Risk, Net Assets Amount, Geographic Area [Abstract]

Revenues

315,948

167,739

$ 105,087

Long-Lived Assets

$ 639,370

$ 470,749

$ 639,370

$ 470,749

Total Revenues [Member]

Concentration Risk [Abstract]

Concentration risk, customer | Customer

Concentration risk

88.00%

74.00%

87.00%

Total Trade Receivables [Member]

Concentration Risk [Abstract]

Concentration risk, customer | Customer

Concentration risk

83.00%

85.00%

Finance Leases, Net Balance [Member]

Concentration Risk [Abstract]

Concentration risk

99.00%

[1]

Unaudited quarterly financial data (Details) - USD ($)
$ / shares in Units, $ in Thousands

1 Months Ended

3 Months Ended

11 Months Ended

12 Months Ended

Feb. 04, 2019

Dec. 31, 2020

Sep. 30, 2020

Jun. 30, 2020

Mar. 31, 2020

^[1]

Dec. 31, 2019

Sep. 30, 2019

Jun. 30, 2019

Mar. 31, 2019

Dec. 31, 2019

Dec. 31, 2020

Dec. 31, 2019

Dec. 31, 2018

Unaudited quarterly financial data [Abstract]

Revenues

$ 145,696

$ 136,858

$ 94,566

^[1]

$ 74,530

$ 69,752

$ 49,656

$ 39,766

$ 29,951

$ 451,650

$ 189,125

$ 112,301

Operating loss

18,031

11,053

(148,273)

^[1],[2]

(36,169)

(36,253)

(47,726)

(43,959)

(59,337)

(155,358)

(187,275)

(58,488)

Net loss

$ (8,003)

(485)

(36,670)

(166,587)

^[1],[2]

(60,223)

(38,370)

(54,424)

(51,233)

(60,292)

$ (196,316)

(263,965)

(204,319)

(78,182)

Net (loss) income attributable to stockholders

$ 170

$ (36,358)

$ (137,493)

^[1],[2]

$ (8,466)

$ (7,343)

$ (6,723)

$ (6,186)

$ (13,557)

$ (182,147)

$ (33,809)

$ (78,076)

Basic and diluted (loss) income per share (in dollars per share)

$ 0.00

^[3]

$ (0.21)

^[3]

$ (2.40)

^[1],[3]

$ (0.32)

^[3]

$ (0.30)

^[3]

$ (0.30)

^[3]

$ (0.28)

^[3]

$ (0.96)

^[3]

$ (1.71)

$ (1.62)

Termination charges

$ 105,000

[1]	Operating loss, net loss and net loss attributable to stockholders for the three months ended March 31, 2020 and June 30, 2020 reflect the adoption of ASC 326. The Company adopted ASC 326 in the third quarter of 2020 with an effective date of January 1, 2020, due to the loss of EGC status in that quarter.
[2]	Operating loss, net loss and net loss attributable to stockholders for the three months ended June 30, 2020 includes a termination charge of $105,000 associated with an agreement with one of the Company’s LNG suppliers to terminate the obligation to purchase any LNG from this supplier for the remainder of 2020.
[3]	Basic and diluted earnings per share are computed independently for each of the quarters presented. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share.

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

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+ Details

Subsequent events (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	Jan. 13, 2021	Jan. 12, 2021	Dec. 31, 2020	Aug. 07, 2020	Dec. 31, 2019
Merger Agreement [Abstract]
Common stock, par value (in dollars per share)				$ 0.01
Class A [Member]
Merger Agreement [Abstract]
Common stock, par value (in dollars per share)			$ 0.01		$ 0.01
GMLP Merger Agreement [Member]
Merger Agreement [Abstract]
Aggregate principal amount			$ 1,700.0
GMLP Merger Agreement [Member] \| Senior Secured Bridge Facility [Member]
Merger Agreement [Abstract]
Aggregate principal amount			1,500.0
GMLP Merger Agreement [Member] \| Senior Secured Revolving Facility [Member]
Merger Agreement [Abstract]
Aggregate principal amount			$ 200.0
Subsequent Events [Member] \| Senior Secured Bridge Facility [Member]
Merger Agreement [Abstract]
Fixed interest rate	6.25%
Debt instrument term	1 year
Debt Instrument additional term	7 years
Subsequent Events [Member] \| Senior Secured Revolving Facility [Member]
Merger Agreement [Abstract]
Debt instrument term	5 years
Subsequent Events [Member] \| Senior Secured Revolving Facility [Member] \| LIBOR [Member]
Merger Agreement [Abstract]
Term of variable rate	3 months
Subsequent Events [Member] \| Maximum [Member] \| Senior Secured Bridge Facility [Member]
Merger Agreement [Abstract]
Step-up interest rate for every three months	0.50%
Subsequent Events [Member] \| GLNG [Member] \| Class A [Member]
Merger Agreement [Abstract]
Number of common stock, shares issuable upon merger transaction (in shares)	18.6
Aggregate cash consideration at date of merger	$ 50.0
Subsequent Events [Member] \| Stonepeak [Member] \| Class A [Member]
Merger Agreement [Abstract]
Number of common stock, shares issuable upon merger transaction (in shares)	12.7
Aggregate cash consideration at date of merger	$ 530.0
Subsequent Events [Member] \| Hygo Merger Agreement [Member] \| GLNG [Member]
Merger Agreement [Abstract]
Percentage of outstanding shares owned by subsidiaries at date of merger	50.00%
Common stock, par value (in dollars per share)	$ 1.00
Subsequent Events [Member] \| Hygo Merger Agreement [Member] \| Stonepeak [Member]
Merger Agreement [Abstract]
Percentage of outstanding shares owned by subsidiaries at date of merger	50.00%
Common stock, par value (in dollars per share)	$ 1.00
Outstanding redeemable preferred stock owned, par value (in dollars per share)	5.00
Subsequent Events [Member] \| GMLP Merger Agreement [Member]
Merger Agreement [Abstract]
Right to receive cash, upon conversion of stock (in dollars per share)	$ 3.55
Agreement date of sale transaction	Jan. 13, 2021
Purchase consideration	$ 5.0
Purchase price (in dollars per share)	$ 3.55
Termination fee receivable in event of merger agreement terminated by GMLP	$ 9.4
Subsequent Events [Member] \| GMLP Merger Agreement [Member] \| Series A Cumulative Redeemable Preferred Unit [Member]
Merger Agreement [Abstract]
Percentage of cumulative redeemable preferred stock unit	8.75%
Subsequent Events [Member] \| CH4 Energia Ltda. [Member]
Merger Agreement [Abstract]
Purchase consideration		$ 9.0
Term of power purchase agreements		15 years
Subsequent Events [Member] \| Pecem Energia S.A. [Member]
Merger Agreement [Abstract]
Percentage of outstanding shares acquired		100.00%
Subsequent Events [Member] \| Energetica Camacari Muricy II S.A. [Member]
Merger Agreement [Abstract]
Percentage of outstanding shares acquired		100.00%

Schedule II (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2020

Dec. 31, 2019

Dec. 31, 2018

SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]

Balance at Beginning of Year

$ 0

Additions

^[1]

316

Deductions

Balance at End of Year

316

$ 0

Allowance for Doubtful Accounts [Member]

SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]

Balance at Beginning of Year

257

$ 0

Additions

^[1]

257

Deductions

(257)

Balance at End of Year

$ 257

Allowance for Expected Credit Losses [Member]

SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]

Balance at Beginning of Year

Additions

^[1]

316

Deductions

Balance at End of Year

$ 316

$ 0

[1]	Amount expensed in included within Selling, general and administrative.

Label	Element	Value
Shares Issued in Exchange of Units	nfe_SharesIssuedInExchangeOfUnits	$ 0
Issuance of Class A shares in the IPO, net of underwriting discount and offering costs	us-gaap_StockIssuedDuringPeriodValueNewIssues	268,010,000
Effects of Reorganization Transactions Value	nfe_EffectsOfReorganizationTransactionsValue	0
Stock Issued During Period, Value, Restricted Stock Award, Forfeitures	us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures	0
Other Comprehensive Income (Loss), Net of Tax	us-gaap_OtherComprehensiveIncomeLossNetOfTax	(219,000)
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation	41,205,000
Accumulated Other Comprehensive (Loss) Income [Member]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	us-gaap_ProfitLoss	11,000
Other Comprehensive Income (Loss), Net of Tax	us-gaap_OtherComprehensiveIncomeLossNetOfTax	(30,000)
Accumulated Deficit [Member]
Effects of Reorganization Transactions Value	nfe_EffectsOfReorganizationTransactionsValue	146,420,000
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	us-gaap_ProfitLoss	(7,923,000)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	us-gaap_ProfitLoss	(25,897,000)
Non-controlling Interest [Member]
Noncontrolling Interest, Increase from Subsidiary Equity Issuance	us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance	235,874,000
Shares Issued in Exchange of Units	nfe_SharesIssuedInExchangeOfUnits	(6,225,000)
Effects of Reorganization Transactions Value	nfe_EffectsOfReorganizationTransactionsValue	229,229,000
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	us-gaap_ProfitLoss	(91,000)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	us-gaap_ProfitLoss	(170,419,000)
Other Comprehensive Income (Loss), Net of Tax	us-gaap_OtherComprehensiveIncomeLossNetOfTax	$ (189,000)
Members' Capital [Member]
Effects of Reorganization Transactions Shares	nfe_EffectsOfReorganizationTransactionsShares	(67,983,095)
Effects of Reorganization Transactions Value	nfe_EffectsOfReorganizationTransactionsValue	$ (426,741,000)
Class B Shares [Member] \| Common Stock [Member]
Effects of Reorganization Transactions Shares	nfe_EffectsOfReorganizationTransactionsShares	147,058,824
Number of Shares Exchanged, Shares	nfe_NumberOfSharesExchangedShares	(2,716,252)
Class A Shares [Member] \| Common Stock [Member]
Shares Issued in Exchange of Units	nfe_SharesIssuedInExchangeOfUnits	$ 6,225,000
Issuance of Class A shares in the IPO, net of underwriting discount and offering costs	us-gaap_StockIssuedDuringPeriodValueNewIssues	$ 32,136,000
Issuance of shares for vested RSUs (in shares)	us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardGross	53,572
Effects of Reorganization Transactions Value	nfe_EffectsOfReorganizationTransactionsValue	$ 51,092,000
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation	$ 41,205,000
Number of Shares Exchanged, Shares	nfe_NumberOfSharesExchangedShares	2,716,252
Shares issued in initial public offering (in shares)	us-gaap_StockIssuedDuringPeriodSharesNewIssues	20,837,272