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Our approach to sustainability

A sustainable future, built on positive energy

Everyone, everywhere should have affordable, clean energy

More than a billion people lack electricity.

Hundreds of millions more live with

unreliable or expensive power. Access

to reliable, affordable energy improves

health, education, food security, gender

equality, livelihoods, and poverty levels.

Creating that access - while also

positively impacting the environment -

is our fundamental goal.

Today, we modernize energy and power

infrastructure in emerging countries,

supplying a more affordable, cleaner fuel:

natural gas. Tomorrow, we aim to provide

zero-carbon energy in the form of green

hydrogen. Every day, our goal is to create

a world that’s powered by positive energy.

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Protect & preserve the environment Significantly reduce global carbon emissions by providing cleaner energy solutions

Get to zero Reach zero net carbon emissions by 2030 through green hydrogen

Invest in communities Make significant, positive impacts in communities where we operate

Empower people worldwide Create access to affordable, cleaner energy where it’s needed most

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OUR SUSTAINABILITY GOALS

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A note from our CEOWe founded New Fortress Energy with a simple but

ambitious mission centered on sustainability. We want

to reduce emissions and increase access to power

across the world. Climate change is an existential threat

that is already impacting our planet’s ecosystems and

communities. At the same time, over a billion people still

don’t have electricity and the vast majority of humans

have limited or unreliable access. To address these

challenges, we sought to bring more affordable and

cleaner fuel to markets that have a growing need for

reliable power and electricity.

Our investments today focus on bringing natural gas to

markets that are almost entirely reliant on oil-based fuels

and lack the capital to invest in clean technologies and

grid improvements. To date, we’ve had great success

– our natural gas facilities have converted more than

900MW of oil-based electricity generation to efficient,

cleaner gas-fired generation in Jamaica and Puerto Rico.

And our projects in Nicaragua and Mexico will be online

soon. With these terminals built out, we will eliminate 1.6

million tons of CO2 for our customers per year. That’s the

equivalent of over 22 million trees planted or 300,000 cars

off the road annually. And for every additional 100MW of

power generation we convert, we will help reduce CO2

emissions by about 175,000 tons per year.

We also understand that lowering emissions isn’t the

same as eliminating them. Our goal is to be a net zero

emissions company by 2030. This is an audacious goal,

but one that I believe meets the urgency of rising global

temperatures.

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— Wes Edens, Founder and CEO

"We're committed to publishing our first sustainability report in 2021."

We’ve created a new division within New Fortress

Energy, called Zero, to focus on using green hydrogen

to make our company the leading provider of

zero-carbon, zero-emission power around the

world. With hydrogen’s potential to displace natural

gas and other fossil fuels in transportation, power

and industrial purposes, there are tremendous

opportunities for renewable hydrogen.

Additionally, we are focused on making sustainability

and our environmental, social and governance (ESG)

practices the best in the energy industry. That begins

with transparency and measuring our progress. We

will publish our first annual sustainability report within

the next twelve months to provide our shareholders,

customers and partners a clear understanding of how

we intend to reduce our emissions and improve our

impact over time.

I’m really proud of all that our team has already

accomplished at New Fortress Energy to improve the

planet for future generations. We’ve built a successful

global company that reduces emissions, increases

access to reliable and affordable power and is at

the center of zero emissions innovations. It’s just the

beginning of our journey – and I’m confident that our

focus on sustainability will bring more success and

progress along the way.

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Our commitment to the UN's Sustainable Development Goals

We couldn't agree more. We fully support the United Nations' Sustainable Development Goals

and are committed to furthering them by providing access to affordable, cleaner energy where

it's needed most and making meaningful, positive impacts in the communities where we operate.

Energy access is central to nearly every major challenge and opportunity the world faces today.

— United Nations

LEARN MORE newfortressenergy.com/sustainability

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THE UNITED NATIONS' SUSTAINABLE DEVELOPMENT GOALS

No poverty Gender equality

Zero hunger Good health and well-being

Quality education

Clean water and sanitation

Decent work and economic growth

Affordable and clean energy

Reduced inequalities

Industry, innovation and infrastructure

Sustainable cities and communities

Life below water Life on landClimate actionResponsible consumption and production

PartnershipsPeace, justice and strong institutions

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30% reduction in customers' CO2 emissions(1)

We're protecting and preserving the environmentWe’re committed to protecting and preserving the environment by providing cleaner energy solutions

around the world. With every project, we’re helping to significantly reduce carbon emissions and

increase energy efficiency for generations to come.

10mm+trees planted equivalent annually

145k+cars off road equivalent annually

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Unlike oil-based fuels, LNG releases no particulate matter into the air. It's cleaner and safer for the environment - and for the people breathing that air every day.

vs HFO vs DIESEL vs PROPANE

LNG significantly reduces CO2 emissions compared to other fuel alternatives.

Before LNG After LNG

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Our path from low carbon to no carbonWe envision a world in which everyone, everywhere has access to affordable, 100% green energy. Our new

division, Zero, was created to transform NFE into one of the world’s leading providers of carbon-free power

by replacing fossil fuels with renewable hydrogen.

How we get to

Talk to every hydrogen company we can

Identify the most promising hydrogen production technologies (traditional and non-traditional) for reaching $1/kg green hydrogen

Invest in these technologies to help them scale up

Integrate into our operations

Build proofs of concept

LEARN MORE newfortressenergy.com/zero

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Q& A WITH OUR FOUNDER, WES EDENS

Q: Why did you decide to start this new division of New Fortress Energy?

A: Our mission has been simple from the start. We want to reduce emissions

and increase access to power across the world. We’ve been very successful

building LNG infrastructure and bringing a cleaner, more affordable fuel to

our customers in markets that are reliant on heavily polluting oil-based fuels.

We’re making a positive economic impact while reducing emissions. But, that

is not enough.

With humanity facing an existential crisis in climate change, we need to

quickly move from low-carbon to no-carbon. That’s why we created

Zero, to focus on making our company the leading provider of

zero-carbon, zero-emissions power around the world.

Q: What are the next steps for division Zero and NFE with green hydrogen?

A: We are laser focused on finding hydrogen production technologies that

can produce hydrogen below $1 per kilogram. We intend to make at least one

investment this year, if not more, in promising early stage hydrogen production

companies that have a path to meet our targets. The next step will be to

deploy those technologies in real world proofs of concept projects as quickly

as possible. In the meantime, there are applications for hydrogen that we can

gain experience with. We intend to begin blending hydrogen with natural gas

in turbines next year to demonstrate the potential of carbon-free power.

Why renewable H2 + NFE?

Carbon-free potential

LNG supports transition to H2

Leverage growing energy infrastructure + customer base

Costs set to decrease dramatically with cheaprenewables

Profitability Sustainability

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We're empowering people & investing in communities

Whether through creating local jobs, promoting

quality and inclusive education for all, or providing

critical access to affordable, cleaner energy where it's

needed most, we’re relentlessly committed to ensuring

a positively better quality of life for our neighbors

everywhere. From utilities to schools, we’re proud to

provide access to reliable energy that’s better for our

customers and for the environment.

Sasha Lewis, New Fortress Energy (NFE) scholarship recipient who is now a project engineer at NFE

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Since 2019:

higher education scholarships awarded

students provided with financial aid

students received backpacks and school supplies

children and families provided with relief support

LEARN MORE newfortressenergy.com/impact

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Case study: Investing in Jamaica's future

Switching to LNG creates meaningful, measurable change

in the places where we operate. Since the introduction of

LNG to the country, Jamaica has experienced a significant

increase in economic stability, faster integration of

renewable energy, and a decrease in unemployment.(2)

3notches

credit rating

470BPS

unemployment rate

~25%debt as

% of GDP

~12%GDP growth

Impact of LNG by the numbers(2,3)

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Share of total average base load(4,5)

This important and strategic partnership between the Government of Jamaica and New Fortress Energy to transition Jamaica’s energy sector to natural gas will assist in enabling the Government hold significant benefits for the Jamaican people; job creation opportunities, greater stability in the sector, innovation for our people and generally a brighter future for Jamaica. Ultimately, Jamaica’s energy efficiency and security will be strengthened.(6)

— The Most Hon. Andrew Holness, ON, MP. Prime Minister

It was a game-changing event when New Fortress Energy entered the local energy sector in Jamaica in 2015 as part of the vision to diversify the sector with the introduction of alternative energy sources. The decision taken by the then Administration to shift Jamaica’s energy production to include Liquefied Natural Gas (LNG) and other renewables was critical to developing our economy.(7)

— Peter D. Phillips, PhD., MP. Leader of the Opposition

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Our commitment to ethical corporate values and business practices

At New Fortress Energy, we are

committed to our corporate

foundations of honesty, transparency,

and ethicality. Our employees and

directors all adhere to the highest

of standards and responsibilities,

ensuring strong alignment among our

team, our senior management, and

our shareholders.

New Fortress Energy Initial Public Offering, January 2019

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Since our IPO in 2019, we have taken signif icant steps to meet

our environmental , social , and governance goals

Policies & practices ensuring

strong alignment of interests

between shareholders & senior

management

Independent Directors

Executive compensation

Commitment to diversity

Anti-Corruption Policy & Training

Employee Code of Conduct

Recent initiatives

Sustainability website

Commitment to Sustainability Report in 2021

Conversion to single class shares

Conversion from LLC to C Corporation

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FORWARD-LOOKING STATEMENTS. Certain statements regarding New Fortress Energy LLC (together with its subsidiaries, “NFE”) in this Presentation may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by the use of forward-looking words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” “target,” “goal,” “projects,” or the negative version of those words or other comparable words. Any forward-looking statements contained in this Presentation, including statements regarding the expected savings, economic or environmental benefits that our customers may experience by converting power systems to LNG or natural gas, the expected timelines of such conversions, and market assumptions including the cost of LNG, natural gas, and other alternative fuels, are based upon our limited historical performance and on our current plans, estimates and expectations in light of information (including industry data) currently available to us. The inclusion of this forward-looking information should not be regarded as a representation by the Company or any other person that the future plans, estimates or expectations contemplated by us will be achieved. These statements are subject to a number of factors that could cause actual results to differ materially from those described in the forward-looking statements, many of which are beyond our control. NFE can give no assurance that its expectations regarding any forward-looking statements will be attained. Accordingly, you should not place undue reliance on any forward-looking statements made in this Presentation. In addition, new risks and uncertainties emerge from time to time, and it is not possible for the Company to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Such forward-looking statements speak only as of the date of this Presentation. NFE expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.

OTHER DISCLAIMERS. This Presentation is confidential and is for your information only and is not intended to be distributed to or reviewed by anyone other than you. This Presentation does not constitute or form part of, and should not be construed as, an offer to sell or issue, or the solicitation of an offer to purchase, subscribe to or acquire any securities of the Company, or an inducement to enter into any investment activity. Any such securities may not be offered or sold in the United States unless registered under the Securities Act of 1933, as amended (the “Securities Act”) or pursuant to an exemption from the registration requirements of the Securities Act. No part of this Presentation, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever, nor does it constitute a recommendation regarding securities of the Company or any of its subsidiaries or affiliates. Any offer of securities of the Company or any of its affiliates, if and when made, would be made by means of an offering memorandum or prospectus that would contain detailed information about the Company as well as financial statements. Any person considering the purchase of any securities of the Company or any affiliates would need to inform himself independently based solely on such offering memorandum or prospectus (including any supplement thereto).

IN GENERAL. This disclaimer applies to this document and the verbal or written comments of any person presenting it (together, the “Presentation”). No representation is made that the information in the Presentation is complete. For additional information, see the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”). Such reports are or will be available in the Investors section of NFE’s website (www.newfortressenergy.com) and the SEC’s website (www.sec.gov).

Disclaimers

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Based on management’s estimates of average customer reduction of emissions and data based on https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator and IEA, C02 Emissions and Fuel Combustion Highlights – 2018, p. 147.

See The Jamaica Gleaner, “Clarke: Energy Mix to have Profound Impact on Economy”, September 10, 2018, for information about renewable integration and the IMF World Economic Outlook published in October 2018 for more information about Jamaica’s economic stability and decrease in unemployment. Factors other than the introduction of LNG and NFE’s actions contributed to the improvement in Jamaica’s economic stability, increase in renewable integration and the decrease in unemployment.

For more information about Jamaica’s credit rating and the impact of LNG on such increase see Moody’s rating actions from Caa2 to B3 stable dated November 21, 2016 (https://www.moodys.com/research/Moodys-upgrades-Jamaicas-ratings-to-B3-from-Caa2-changes-the--PR_358298), from B3 stable to B3 positive dated July 20, 2018 (https://www.moodys.com/research/Moodys-changes-Jamaicas-outlook-to-positive-from-stable-affirms-B3--PR_386264), and from B3 positive to B2 stable dated December 11, 2019 (https://www.moodys.com/research/Moodys-upgrades-Jamaicas-government-ratings-to-B2-outlook-stable--PR_414271). The information about the decrease of Jamaica’s debt to GDP ratio is based on information from Bloomberg between December 31, 2003 and December 31, 2017 (the latest data available as of February 3, 2020). Factors other than the introduction of LNG and NFE’s actions contributed to the improvement in Jamaica’s credit ratings and debt to GDP ratio.

For information about Jamaica’s situation prior to the introduction of LNG, see the Annual Report of JPS issued in 2014.

The percentages illustrated represent NFE’s internal estimate and expectations for Jamaica’s energy consumption by fuel for the full year 2021 based on information about Jamaica’s energy consumption of renewables the Annual Report of JPS in 2017 and Jamaica’s baseload capacity and therefore total energy demand in The Jamaica Gleaner, “Clarke: Energy Mix to Have Profound Impact on Economy” published on September 10, 2018. There can be no assurance that these internal estimates are correct or in line with Jamaica’s plans for energy consumption and fuel sources in the future. There can be no assurance that NFE would have a positive, similar, or any impact on the energy consumption and fuel sources used in any other jurisdiction in which it operates.

Quote provided to NFE by the office of the Most Honorable Andrew Holness, ON, MP Prime Minister.

Quote provided to NFE by the office of Peter D. Phillips, PhD., M.P. Leader of the Opposition.

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Endnotes

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