Wedoany.com Report-Dec 05, Vitol Group and Glencore are considering a bid for New Fortress Energy Inc. In Jamaica's liquefied natural gas assets. New Fortress is facing serious project delay and debt problems, has hired Lazard Inc. And Intrepid Financial Partners LLC stripping section of liquefied natural gas (LNG) business, involving assets include Jamaica, Puerto Rico and Brazil imports of natural gas terminal and a floating projects.
Vito and glencore mainly interested in Jamaica's factory, but this information are confidential content, people familiar with the condition of anonymity. Spokesmen for New Fortress, Glencore and Vitol declined to comment. New Fortress said last month it was looking for a strategic partner for its business.
In addition, Vito-backed VTTI recently completed a deal for a 70% stake in an Italian LNG import facility, while Glencore backed Century Aluminum Co. Have New Fortress in one of the customer in Jamaica - alumina refinery Jamalco 55% stake.
