Mizuho was the financial advisor to New Fortress Energy on its recent sale of a small-scale LNG facility in Miami, several sources said.
New Fortress Energy announced the sale of the facility to Pennybacker Capital Management earlier this month.
The Miami-based business includes a small-scale liquefaction facility capable of producing 8,300 MMBtu of LNG per day with onsite storage capacity of ~1,000 cubic meters. The facility can load LNG into both truck and rail and is permitted to export LNG to Free Trade Agreement (FTA) and non-FTA countries.
The sale was launched in the fall of 2023 in a process called Project Genesis, according to a teaser.
The facility was commissioned in 2016, and receives 5,000 MMBtu / day of feedgas from Gas South.
The Miami LNG deal is just one of a string of deals to get done in the LNG space in recent weeks. Australia-based Woodside said this week it would acquire Tellurian and its Driftwood LNG project on the Gulf Coast. And Aramco said late last month it would evaluate taking a 25% stake in the project-level equity of Sempra’s Port Arthur LNG Phase 2 expansion project.
