Following the disclosure that New Fortress Energy (NFE) is seeking partnerships and possibly to divest some of its assets, two companies have indicated interests in acquiring NFE’s Jamaican assets, as per a Bloomberg article.

NFE owns liquefied natural gas (LNG) terminals in Montego Bay, St James, and Old Harbour, St Catherine. It also supplies bauxite and alumina operator Jamalco’s combined heat and power plant in southern Clarendon.

The Bloomberg article named Vitol Group and Glencore Plc and the prospectors of the assets, citing people familiar with the matter but who asked not to be named based on the nature of the information.

Vitol is a Swiss-based Dutch-owned company that completed a deal to acquire  70 per cent of an LNG import facility in Italy earlier this week, through its subsidiary VTTI. Glencore, meanwhile, owns a 42.9 stake in Century Aluminum, which owns 55 per cent interest in Jamalco.

According to Bloomberg, “New Fortress, which has faced major project delays and recently refinanced more than [US]$2 billion in debt, has hired Lazard Inc and Intrepid Financial Partners LLC to explore divestment of some of its LNG operations. The assets on the auction block include gas-import terminals in Jamaica, Puerto Rico and Brazil, as well as a floating project known as Fast LNG.”

The refinancing of the bond debt served to kick-start the company’s capital raise as it seeks new sources of liquidity.

NFE revealed last month that work has begun to explore strategic partnerships for financing, commercial ventures or asset sales in the markets in which it operates.