New Fortress Energy Inc. has made a significant stride in its operations with the successful commissioning of its 6 MTPA (300 TBtu) Barcarena LNG terminal situated in Pará, Brazil. The company, commonly referred to as NFE, celebrated this milestone alongside key stakeholders, including the state government of Pará and the Ministry of Mines and Energy for Brazil, during a special event held on-site. Among the dignitaries present were Helder Barbalho, the Governor of Pará, and Alexandre Silveira, the Minister of Mines and Energy for Brazil.
Strategically positioned at the mouth of the Amazon River, NFE’s Barcarena LNG terminal serves as the primary natural gas supply hub in the state of Pará and the broader North region of Brazil. This facility, comprising an offshore terminal and Floating Storage Regasification Unit (FSRU) named Energos Celsius, is poised to cater to various industrial consumers. Notably, it has entered into a 15-year contract with Norsk Hydro’s Alunorte refinery, the largest alumina refinery globally, to supply LNG. By transitioning to natural gas, the refinery anticipates a significant reduction in annual CO2 emissions, aligning with Norsk Hydro’s commitment to slash greenhouse gas emissions by 30 percent before 2030.
Moreover, the Barcarena terminal will play a pivotal role in supporting NFE’s own energy ventures. It will provide natural gas to the company’s 630 MW power plant, currently under construction adjacent to the terminal. Progress on the power plant remains promising, with completion anticipated in the third quarter of 2025. Additionally, NFE is poised to expand its energy complex by an additional 1.6 GW under the New Power Project PPA, leveraging existing infrastructure in Barcarena. Regulatory approvals are underway for the acquisition of a permitted site adjacent to the terminal, with closure expected in the first quarter of 2024.
Wes Edens, chairman and CEO of New Fortress Energy, expressed pride in the Barcarena complex, highlighting its pivotal role in NFE’s integrated LNG-to-power business model. He underscored the company’s commitment to supporting Brazil’s decarbonisation efforts, fostering economic growth, and enhancing energy security in the region. With the Barcarena terminal now operational, NFE is poised to bolster its position as a key player in the energy landscape of Brazil and beyond.
For more information please visitwww.ir.newfortressenergy.com
