Insight
New Fortress Energy seeks leading LNG-to-power position with Hygo/Golar acquisitions
Report summary
On 13 January 2021, New Fortress Energy announced it will acquire Hygo Energy Transition (formerly Golar Power) and Golar LNG Partners for ~US$5.1 billion. The deal has many compelling synergies. The two companies share a vision and a blueprint for growth in LNG-to-power and small-scale LNG value chains. For NFE the deal provides a step-up in terms of its global reach, assets and capabilities. Hygo offers a rich seam of development opportunities in Brazil. While Golar’s portfolio of floating regasification and storage units (FSRUs) could give it a competitive edge in diversifying into new markets. The LNG ships offer improved operational efficiency and flexibility. Read our Insight for analysis of the strategic drivers for the deal, the shipping assets and their employment, the project pipeline in Brazil, and Golar LNG’s future direction as an FLNG pure play.
Table of contents
-
Executive Summary
- Transaction details
- Deal analysis
- Hygo Energy Transition (Hygo)
- Golar MLP assets
- Strategic Rationale – NFE
- Expanding into new markets and value chains
- Streamlining LNG procurement and distribution
- Diversification a key driver
- Strategic Rationale – Golar
- An LNG-to-power leader in the making
- Hygo’s terminals in Brazil
- Sergipe
- Barcarena
- Suape
- Santa Catarina
- Golar MLP assets
Tables and charts
This report includes 5 images and tables including:
- Hygo’s Brazil portfolio
- Month-end closing share price (2020)
- FSRUs
- LNGCs
- FLNG
What's included
This report contains:
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