New Fortress Energy is paying $5bn to buy Tor Olav Troim-led Hygo Energy Transition and Golar LNG Partners.
US-listed New Fortress said on Wednesday that it had entered into “definitive agreements” to buy Nasdaq-listed Golar LNG Partners and Hygo, the 50:50 joint venture between Golar LNG and a fund managed by Stonepeak Infrastructure Partners.
Under the surprise deal, New Fortress will acquire an operating floating storage and regasification unit terminal and a 50% interest in Golar LNG's 1,500 MW power plant in Sergipe, Brazil.
