(WO) — New Fortress Power’s Brazil platform has signed a long-term lease and capability settlement for its Terminal de Gás Sul (TGS) LNG import facility in Santa Catarina, marking a key step in bringing the asset into industrial operation.
The settlement, which is anticipated to start in August 2026, is projected to generate roughly $50 million in annual EBITDA by 2027.
TGS offers entry to imported LNG for energy era in southern Brazil, the place home gasoline provide choices are restricted. The terminal is designed to supply versatile gasoline supply to help dispatchable energy era.
“This settlement delivers quick, contracted money circulation and highlights the strategic worth of our infrastructure platform in Brazil,” stated Leandro Cunha, Managing Director of New Fortress Power Brazil. “TGS is now positioned as a steady, cash-generating asset with significant long-term upside.”
Past near-term income, the terminal is anticipated to help New Fortress Power’s longer-term progress in Brazil. TGS will provide pure gasoline to the corporate’s UTE Lins 2 energy challenge, a greenfield growth awarded in a latest capability public sale and scheduled to start operations in 2031.
The mixture of contracted money circulation and future demand tied to gas-fired energy era positions TGS as a core element of the corporate’s LNG-to-power technique in Brazil, with extra potential to produce industrial customers and different energy producers.
