New Fortress Energy (NFE), a US-based energy infrastructure company, has finalised an agreement to sell its liquefaction and storage facility in Miami.  

The buyer is a middle-market infrastructure fund, also based in the US. The financial terms and the details about the buyer remain undisclosed. 

NFE’s Miami facility is a small-scale operation with a single liquefaction train that has the capacity to produce 8,300MBtu of LNG daily.  

It has three LNG storage tanks that together can hold approximately 1,000m³, and features two LNG transfer areas designed to accommodate both truck and rail deliveries. 

The facility is authorised to export up to 60,000tpa of LNG to both Free Trade Agreement (FTA) and non-FTA countries.  

This authorisation is valid for a 20-year term that commenced on 5 February 2016. 

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New Fortress Energy chairman and CEO Wes Edens said: “The Miami facility is the inaugural asset of NFE and we are proud to have built this best-in-class infrastructure. Today’s sale highlights our commitment and execution of our asset sale programme, allowing us to reduce debt and recycle proceeds into high-return downstream projects.”  

Earlier in March, NFE launched the Barcarena LNG terminal in Pará, Brazil, which has a capacity of 6 million tonnes per annum or 300 trillion British thermal units.  

Located at the mouth of the Amazon River, the Barcarena terminal includes an offshore terminal and the Energos Celsius floating storage regasification unit. 

This Brazilian facility has contracts to supply LNG to various industrial clients including Norsk Hydro’s Alunorte refinery.