US-listed New Fortress Energy has been selling its excess LNG cargoes and cashing in on record market pricing as it limbers up to become a producer from 2023 with its own floating production units.
The company, which operates LNG import terminals and ships, in addition to developing a raft of floating storage and regasification unit-based facilities, said in a note that since August it has moved to a position where it was more than eight cargoes long for the 2021 to 2022 period.
