New York-based New Fortress Energy has executed two Gas Supply Agreements with subsidiaries of Unigel Participações to supply natural gas to two Unigel fertilizer plants in the Brazilian states of Bahia and Sergipe, respectively.
The agreements also include an option to supply Unigel’s chemicals facility in Candeias, state of Bahia, Brazil.
In total, NFE expects to supply Unigel with up to 41 Tbtu of natural gas annually (equivalent to approximately 1.4 million gallons of LNG per day) for a five-year term beginning in Q1 2022.
“We are excited to become the strategic gas supply partner of Unigel, one of the premier industrial companies in Brazil,” said Wes Edens, CEO of NFE. “This partnership demonstrates the value our LNG import terminals will provide to customers in Brazil as we bring affordable, reliable energy supply and support industry throughout Brazil.”
The supply of gas from NFE’s Suape and Sergipe LNG terminals in Brazil’s northeast will connect Unigel’s operations to the global LNG and natural gas markets as well as significantly reduce pipeline transport charges.
“We believe that this five-year term agreement with NFE will provide a more reliable, stable operation for our plants in the long run, which is key to improve our competitiveness and solidify our commercial presence in Brazil,” said Roberto Noronha Santos, CEO of Unigel.
Unigel’s Fertilizer Plants can produce over 3,000 tons per day of urea in total.
For more information visit: www.newfortressenergy.com