New Fortress Energy Brazil enters terminal lease agreement for TGS LNG import terminal

New Fortress Energy Brazil has entered into a long-term lease and capacity agreement for its Terminal de Gás Sul (TGS) LNG import terminal in Santa Catarina, Brazil. The lease agreement is scheduled to commence in August 2026 and is projected to generate US$50 million in annual EBITDA by 2027. This strategically located terminal provides critical and flexible access to natural gas for power generation in southern Brazil, a region with limited alternative gas supply options. TGS will also supply New Fortress Energy's UTE Lins 2 power project, a greenfield capacity award expected to commence operations in 2031, reinforcing TGS as a cornerstone asset within NFE Brazil's integrated LNG-to-power platform.

Counterparts (2)

lessee

TGS

company

TGS is a global leader in multi-client geoscience data, providing comprehensive seismic and well data libraries primarily to the oil and gas industry across North America, Europe, Africa, and South America. The company reported $598 million in revenue in 2023, supporting exploration and production decisions.

lessor

New Fortress Energy

company

New Fortress Energy is a global energy infrastructure company focused on developing, owning, and operating natural gas and liquefied natural gas (LNG) infrastructure, power generation, and logistics. They aim to deliver affordable, reliable, and cleaner energy solutions to underserved markets worldwide, with a growing focus on green hydrogen and other energy transition initiatives.