Energos Infrastructure a US-based liquefied natural gas (LNG) joint venture majority-controlled by Apollo-managed funds and minority shareholder New Fortress Energy has acquired two floating storage and regasification units (FSRUs) from affiliates of Greece’s Dynagas.
The two 174,000 cu m closed-loop FSRUs Transgas Force and Transgas Power, built in 2021, will be renamed Energos Force and Energos Power.
The duo started their 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 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.
The latest additions will see Energos own and operate a fleet of 13 LNG units consisting of nine FSRUs, two FSUs, and two LNG carriers, making it the largest owner and operator of LNG marine infrastructure vessels by wholly-owned FSRU capacity operating within the continent, the company said.
“Reliable energy infrastructure is essential to address the global energy crisis and reduce carbon emissions,” said Arthur Regan, CEO and director of Energos Infrastructure. “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 supports our efforts to bring cleaner, more reliable energy to customers around the world.”
Apollo Capital Solutions performed debt advisory and placement services for the acquisition financing, which was led by BNP Paribas, Crédit Agricole CIB, Mizuho Bank, and Sumitomo Mitsui Trust Bank.
Energos Infrastructure was officially set up in August 2022, after New Fortress Energy sold 11 of its owned vessels to Appolo in a deal worth around $2bn. The JV is owned 80% by Apollo-managed funds and 20% by NFE.
