New Fortress Energy (NFE) and Apollo have formed a joint venture that owns and operates 11 liquefied natural gas (LNG) infrastructure vessels.
The deal closed more than a month after the companies agreed to form the $2 billion LNG maritime joint venture. The new platform has been named Energos Infrastructure. Apollo-managed funds will own an 80-percent stake in the company, while the remaining 20-percent holding will be with NFE.
The Platform provides critical infrastructure for the delivery, storage and regasification of LNG to power countries around the world, which can reduce their reliance on oil and coal to lower carbon emissions and enable potentially substantial cost savings. In addition to serving NFE’s projects globally, the Platform also serves a diversified customer base of utilities and energy companies worldwide under third-party charters.
The 11-vessel portfolio consists of 6 Floating Storage and Regasification Units, 2 LNG Carriers, and 3 Float
