AUSTIN, Texas, July 9, 2024 /PRNewswire/ — Pennybacker Capital Management, LLC (Pennybacker), a leading real assets investment manager, has entered into a definitive agreement to acquire a small-scale LNG business (Miami Facility) based in Miami, Florida, from New Fortress Energy Inc. (Nasdaq: NFE). Financial terms were not disclosed. The transaction is expected to close in the third quarter of 2024 subject to customary terms and conditions. The Miami-based business includes a small-scale liquefaction facility capable of producing 8,300 MMBtu of LNG per day with onsite storage capacity of ~1,000 cubic meters. The facility can load LNG into both truck and rail and is permitted to export LNG
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