new York–(Business WireNew Fortress Energy Inc. (NASDAQ: NFE) announced today that it has signed two gas supply agreements (“GSA”) with UGel Participações (“Unigel”) branches to supply natural gas to Uniel. Agro-BA and Unggel Agro-S Fertilizers (“Fertilizer Plants”) are located in the Bahia and Sergipe regions of Brazil, respectively. The agreements also include the option of supplying UNGIL Chemical in Candias, Bahia, Brazil.
In total, NFE will supply Unigel to natural gas (equivalent to 1.4 million gallons per day) for 41 years each year for 5 years from Q1 2022.
“We are pleased to be a strategic gas supply partner of Ungel, one of the largest industrial companies in Brazil,” said Wes Eden, Chairman and CEO of NFE. This partnership reflects the value we place on our customers in Brazil as we bring affordable, reliable energy supply and support industries throughout Brazil.
“NFE is proud to be partnering with UNICEF to support domestic fertilizer production in northeastern Brazil,” added Andrew Dete, managing director of NFE. These agreements are good examples of Brazil’s mission to work with industrial customers in Brazil to provide reliable energy supply.
Gas supply from the Suape and Sergei LNG terminals in NFE phones in northeastern Brazil connects Unified operations with international LNG and natural gas markets and significantly reduces pipeline fares.
Roberto Noronha Santos, CEO, said: “This will provide a safer and more stable operation with the NFE with a 5-year agreement. Unigel.
Universal fertilizer plants can produce more than 3,000 tons of urea.
The transaction is based on the acceptance of certain regulatory approvals and other cultural conditions.
About the power of the new fort
New Fort Energy is a global energy infrastructure company set up to help accelerate the world’s transition to clean energy. The company quickly complements, builds and operates natural gas infrastructure and logistics that will enable it to fully integrate, grow economically, promote environmental stewardship and transform local industries and communities.
About Unigel Participações
Unagel is one of the largest chemical companies in Brazil, leading the way in styreneics, acrylic and nitrogen fertilizers in Lag America. The company has industrial facilities in Brazil and Mexico, serving a wide range of customers in a wide range of industries, including home appliances and electronics, automotive, paints and coatings, construction, grain and paper, packaging. Health and safety, textiles, mining and agriculture.
A cautious language about future statements
This relationship contains forward-looking statements. All information contained in this communication, other than historical information, includes known and unforeseen risks and is forward-looking statements related to future events, future financial performance, or planned business results. You can identify future prospects by using future terms such as “expect,” “can,” “will,” “guess,” “predict,” “plan,” “guess,” and so on. “Waiting” or a negative version of those words or other equivalent words. Future specifications include: Unigel Chemical Facility Option and when to apply, including where we will supply natural gas for fertilizer plants and the expected annual volume and delivery dates. The value of our LNG import terminals to customers in Brazil, reduction of pipeline transport charges; And other statements regarding NFE practices, goals, and strategies.
These forward-looking statements represent their expectations or beliefs regarding the company’s future, and the results outlined in this press release may fail. These forward-looking statements are for risks, uncertainties and other reasons, many of which are beyond the Company’s control, and the actual results may differ materially from the results described in future statements. Possible causes for such discrepancies include, but are not limited to: risks to our LNG terminals related to development, construction or commissioning programs may be longer than expected; Funding for the project may not be possible under the terms we expect; LNG Receiving certain regulatory approvals; And we can’t supply natural gas to customers as we expect now. These factors are not all important factors that make tangible results in any future statement of the NFE. Other known or unexpected factors may have a negative impact on future outcomes.
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