Pennybacker closes acquisition of miami lng business, appoints daniel mclaughlin president and chief commercial officer to lead miami lng

Austin, texas , nov. 21, 2024 /prnewswire/ -- pennybacker capital management, llc (pennybacker), a leading real assets investment manager, today announced it has completed the acquisition of the small-scale florida-based liquefied natural gas production and distribution business (miami lng business) from new fortress energy inc. (nasdaq: nfe). the miami lng business is a strategically located small-scale liquefaction operation, equipped with one liquefaction train that produces up to approximately 8,300 mmbtu per day of lng, optimized for truck and rail logistics to enable efficient and flexible distribution for its customers.
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