As South American LNG demand soars, New Fortress secures gas supply through 2027

New Fortress Energy Inc. (NFE) has reached an agreement for liquefied natural gas (LNG) supply through 2027 for most of its import terminals and power generation facilities. The company has nine import terminals in operation or under development in the Caribbean, Central America, Mexico and South America. It imports LNG in underserved markets where it’s utilized for power generation and other energy needs. The agreement, NFE said, covers 100% of its expected needs across terminals in the Caribbean, Central America and Mexico. NFE plans to secure additional LNG supply volumes later this year for terminals in Brazil that are expected to be operational in 2022. The company did not provide details about the supply contract or costs related to it.