New Fortress Energy to Supply Natural Gas to Norsk Hydro’s Alunorte Alumina Refinery in the State of Pará, Brazil

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) announced today that it has signed a Memorandum of Understanding (“MOU”) with a subsidiary of Norsk Hydro (“Hydro”) to supply natural gas to the Alunorte Alumina Refinery in Pará, Brazil for a term of 15 years.

“We look forward to this long-term partnership and are pleased to assist Hydro with the transition of the Alunorte refinery to utilizing a cleaner and more affordable supply of energy,” said Wes Edens, Chairman and CEO of New Fortress Energy.

Hydro is converting the calcination process and part of the steam generation at the Alunorte Alumina Refinery from fuel oil to natural gas, which is expected to reduce emissions by approximately 20%.

As part of the MOU, NFE will deliver a minimum agreed amount of natural gas to the refinery from the Company’s Barcarena LNG receiving and regasification terminal located in the state of Pará, Brazil.

The proposed agreement is subject to final documentation and the parties will work together to finalize their commercial arrangements.

The Barcarena terminal is anticipated to be completed and ready to supply natural gas in 2022.

About New Fortress Energy

New Fortress Energy is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities.

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