Wes Edens-led New Fortress Energy has completed the previously announced deal to buy two Golar LNG units.
The US firm said on Thursday the combined transactions have a $5.1 billion enterprise value and a $2.43 billion equity value.
NFE purchased Hygo Energy Transition, a joint venture consisting of Tor Olav Troim-led Golar and Stonepeak Infrastructure Partners, but also Golar LNG Partners.
NFE now becomes a “leading” international gas-to-power company with an operational floating storage and regasification unit (FSRU) terminal and a 50% interest in a 1500MW power plant in Sergipe, Brazil, the US firm said on Thursday.
The deal also includes three other FSRU terminals with associated power opportunities that are advancing through development and construction.
In addition, NFE has become more integrated by adding a global shipping fleet of seven FSRUs and six LNG carriers as well as a 50% interest in Trains 1 and 2 of the Hilli, world’s first converted FLNG vessel working offshore Kribi, Cameroon.
“The addition of the Hygo team, together with a great portfolio of world-class LNG ships and operators, enhances our efforts to bring more clean and affordable energy around the world,” said Wes Edens, chairman and chief executive of NFE.
“With this acquisition, we are now a leading gas and power provider in a large and fast-growing market and have become one of the world’s premier energy transition companies,” he said.
