While Wes Edens of Fortress Investment Group as CEO may not be the first person you think of when it comes to supporting natural gas exports, he has recently begun getting quite vocal on the subject and has made some interesting investments. The billionaire’s fortune was created on Wall Street and he has managed to create a big name for himself the company that he co-founded over his career. The Department of Energy may be calling natural gas exports “freedom gas”, but Wes Edens is calling it a great opportunity for investors. Along with the reputation that he has gained at Fortress, he also has some other interesting assets in his portfolio that have made some interesting headlines.
He is the co-owner of the NBA team the Milwaukee Bucks and has been making big moves to improve the team such as helping them get a new stadium built in their city. In addition to having an interest in basketball, Wes Edens has also been expressing an interest in football, or what people in the United States call soccer. Recently, he became part owner of a football team in the United Kingdom known as Aston Villa. The team was once one of the top contenders in their league before going through a rough patch that the investor is hoping to get them out of. The team is already starting to see a good deal of progress as they just recently got accepted into the Premier League.
None of the backgrounds of Wes Edens would seem to indicate that he would have much of an interest in natural gas, but an opportunity is an opportunity and he is going with it. The customers that he is selling shipments of super-chilled LNG to are in Central America, West Africa, and Jamaica. There are plans to build an export terminal in Pennsylvania to aid with this business. The shale revolution in the United States has changed the industry and right now it is in the middle of a big boom. The supplies of natural gas and oil are abundant and there is a lot of money to be made in exports according to Wes Edens.
Check more about Wes Edens: https://www.newfortressenergy.com/about-us