By Marine LNG infrastructure company Energos Infrastructure, majority-controlled by Apollo-managed funds and minority shareholder New Fortress Energy (NFE), has completed the acquisition of two floating storage and regasification units (FSRUs) from affiliates of Dynagas, an LNG maritime transportation company.
According to Energos Infrastructure, the two 174,000 m3 closed-loop FSRUs Transgas Force and Transgas Power, built in 2021, will be renamed Energos Force and Energos Power.
The FSRUs commenced long-term charter contracts with the German Federal Ministry of Economic Affairs and Climate Change in 2023. The Energos Force is planned to operate in the port of Stade under the direction of Deutsche Energy Terminals, while the Energos Power is planned to operate in the port of Mukran and has been subchartered to Deutsche Regas.
Arthur Regan, CEO and Director of Energos Infrastructure, said: “Reliable energy infrastructure is essential to address the global energy crisis and reduce carbon emissions. We are pleased to acquire these critical assets in operating service in Germany, which we believe will solidify Energos as a premier LNG maritime infrastructure company and further support our efforts to bring cleaner, more reliable energy to customers around the world.”
Brad Fierstein, Apollo Partner, stated: “We are pleased to support Art and the Energos team in executing this FSRU acquisition, which we believe will be transformative for the platform and support its continued growth. Providing enhanced energy security and enabling lower carbon power generation are core priorities to Apollo’s efforts to help drive a more sustainable future and we believe the implementation of these new vessels can play a significant role in bolstering Germany’s energy independence.”
To remind, Apollo and NFE completed the $2 billion LNG maritime joint venture Energos Infrastructure in 2022. With these two high-specification LNG regasification vessels added to its platform, the venture now owns and operates 13 LNG infrastructure vessels consisting of nine FSRUs, two floating storage units and two LNG carriers.
