Energos Infrastructure, propelled by funds managed by Apollo and New Fortress Energy Inc., has successfully acquired two cutting-edge Floating Storage and Regasification Units from Dynagas subsidiaries. Renamed Energos Force and Energos Power, these FSRUs, engaged in long-term charters with Germany, enhance Energos' standing as a major player in LNG maritime infrastructure. With a fleet encompassing nine FSRUs, two floating storage units, and two LNG vessels, Energos solidifies its position as the largest owner and operator of LNG maritime infrastructure in Europe.
In a strategic move to bolster its dominance in the LNG maritime infrastructure arena, Energos Infrastructure, predominantly controlled by Apollo-managed funds and New Fortress Energy Inc., announces the successful acquisition of two state-of-the-art Floating Storage and Regasification Units (FSRU) from Dynagas subsidiaries. Renaming these vessels as Energos Force and Energos Power, the company positions itself at the forefront of LNG infrastructure development.
The acquisition marks a significant milestone for Energos, positioning it as a key player in the LNG sector. These FSRUs, boasting a capacity of 174,000 cubic meters each, were constructed in 2021 and are now set to play a pivotal role in meeting Germany's energy needs. The vessels, strategically located in the ports of Stade and Mukran, are well-positioned to contribute to Germany's energy security and sustainability goals.
Initiating long-term charter agreements with the German Federal Ministry for Economic Affairs and Climate Action in early 2023, Energos Force and Energos Power are poised to operate under the supervision of Deutsche Energy Terminals and Deutsche Regas, respectively. This strategic move not only secures a reliable revenue stream for Energos but also aligns with the company's commitment to providing clean and efficient energy solutions to global customers.
With the addition of Energos Force and Energos Power, Energos Infrastructure consolidates its position as the largest owner and operator of LNG maritime infrastructure in Europe. The company's diverse fleet, comprising nine FSRUs, two floating storage units, and two LNG vessels, underscores its commitment to meeting the growing demand for LNG across the continent.
Arthur Regan, CEO and Director of Energos Infrastructure, emphasizes the critical role of reliable energy infrastructure in addressing the global energy crisis and reducing carbon emissions. The acquisition of these operational assets in Germany aligns with Energos' vision to be a leading player in LNG maritime infrastructure, contributing to the global shift towards cleaner and more reliable energy sources.
Brad Fierstein, Apollo Partner, expresses satisfaction in supporting Energos in this transformative acquisition. Recognizing the importance of energy security and low-carbon power generation, Fierstein sees these new vessels as instrumental in reinforcing Germany's energy independence.
Apollo Capital Solutions played a crucial role in facilitating the acquisition, providing advisory and debt placement services. Collaborating with financial institutions such as BNP Paribas, Crédit Agricole CIB, Mizuho Bank, and Sumitomo Mitsui Trust Bank, Apollo ensured the financial viability of this strategic move.
Energos Infrastructure's acquisition of two advanced FSRUs marks a pivotal moment in the company's journey towards LNG maritime infrastructure leadership. With a focus on operational excellence, long-term charters, and strategic collaboration, Energos is well-positioned to shape the future of LNG energy in Europe. As the company expands its footprint, the maritime energy landscape is set for a significant transformation, reinforcing the importance of LNG in the global quest for cleaner and sustainable energy solutions.