New Fortress Energy is a vertically integrated LNG and power developer that tried to sprint from “LNG trader” to “global gas infrastructure platform” in a few years by stacking big, capital‑intensive projects on top of each other.
Needless to say, they bit off more than they could chew and are about to file for bankruptcy protection (sad day).
The core of NFE’s business is taking U.S. or other cheap gas, liquefying or importing it, and selling into long‑term contracts in emerging markets where power systems are constrained and incumbents are weak.
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