New Fortress Energy completed the acquisition of Hygo Energy Transition from Golar and Stonepeak for $3.1bn.

New Fortress Energy, an integrated gas-to-power company, completed the acquisition of Hygo Energy Transition, a natural gas company, from Golar LNG, a liquefied natural gas shipping company, and Stonepeak Infrastructure Partners, a private equity firm, for $3.1bn, comprising of 31.4m shares of NFE Class A common stock and $580m in cash. “We at GLNG are very proud of Hygo’s achievements in building a leading Brazilian LNG to Power business, and we believe its combination with NFE will allow the business to further strengthen its footprint and accelerate its vision to deliver low carbon energy solutions globally. We are also pleased with the monetization of our interests in GMLP, which has been announced separately today,” Tor Olav Trøim, Hygo and GLNG Chairman.