New Fortress Energy is prioritising a search for a gas source for its first fast-tracked floating LNG unit and the build-out of planned terminals in Brazil.

The plans come in the wake of its completion of a $5.1bn buyout of Hygo Energy Transition and Golar LNG Partners.

On a call, New Fortress chairman and chief executive Wes Edens told analysts that the company took a final investment decision on its FLNG project on 8 March.