Pennybacker Capital Management has acquired Miami LNG, New Fortress Energy’s Florida-backed liquefied natural gas (LNG) production and distribution business.
Miami LNG runs a small-scale liquefaction operation equipped with one liquefaction train that produces up to approximately 100,000 gallons of LNG per day.
The facility also has three LNG storage tanks with a total capacity of around 1,000 cubic meters and two separate LNG transfer areas capable of serving both truck and rail.
New Fortress Energy first announced its plans to sell the asset in July 2024. At the time, the company said the plant is authorised to export up to 60,000 tonnes of LNG per annum for a 20-year term that began in 2016.
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