Seatrium delivered the FSRU to New Fortress Energy

Seatrium Limited (Seatrium) announced that it has successfully delivered a Floating Storage and Regasification Unit (FSRU),Energos Celsius, to New Fortress Energy (NFE), one of the world’s leading LNG project developers. Energos Celsius is owned by Energos Infrastructure, a global marine infrastructure platform backed by Apollo funds (APO) and NFE, and the vessel is on long-term charter to NFE in Brazil. The FSRU is expected to arrive in January 2024.

This is Seatrium’s fourth FSRU project for Brazil, for which the company said is “a testament to our commitment in supporting the development and growth of the country’s oil and gas industry.”

The FSRU was completed safely, on time and within budget, and has departed the Seatrium shipyard for Brazil. It will subsequently be deployed at NFE’s completed LNG terminal in Barcarena, Pará state, Brazil.

The FSRU will be part of NFE’s development of the Barcarena LNG receiving terminal, which includes a long-term gas supply contract for Norsk Hydro for the Alunorte alumina refinery, a 630 MW natural gas-fired power generation project under construction by NFE, and further power and fuel expansion projects in the region.

The Barcarena LNG import terminal is said to be the first LNG import facility in the state of Pará and the Northern region of Brazil.

In November 2023, NFE executed definitive agreements with the Brazilian development bank Banco Nacional de Desenvolvimento Econômico e Social (BNDES) and funds managed by Lumina Capital Management and BTG Asset Management to fund up to $575 million in asset-based financing to complete the construction of its 630 MW Barcarena power plant.

The plant, located adjacent to NFE’s LNG import terminal, is said to be on schedule to commence operations in the third quarter of 2025 under a 25-year power purchase agreement (PPA) with several electricity distribution companies in Brazil.

Yangzijiang Shipbuilding

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