Mexico’s Ministry of Energy, known as the Energy Secretariat, issued an export permit to New Fortress Energy Inc. (NFE) for its Altamira fast LNG facility.
“This permit is the final piece to the puzzle for launching our first fast LNG in Altamira,” NFE Chairman and CEO Wes Edens said in a June 2 press release.
“Obtaining this authorization not only paves the way for operations to commence at our new LNG hub in the third quarter of [2023], but it also advances our efforts to expand access to cleaner, cheaper and more reliable energy to customers around the world.”
The permit will allow NFE to export up to 7.8 million tonnes per annum (mtpa) through April 2028, and will support the company’s initial 1.4 mtpa fast LNG facility to be located offshore northern Mexico.
Construction of the unit is more than 90% complete and deployment to Altamira is slated to commence this month, NFE said.
RELATED: New Fortress Energy to Develop FLNG at Deepwater Lakach Field
NFE plans to deploy multiple 1.4 mtpa capacity fast LNG units as part of efforts to create a fast LNG hub off the coast of Altamira, Tamaulipas, the company announced Oct. 28 in another press release.
The units will utilize Mexico’s Federal Electricity Commission’s existing and underutilized pipeline capacity on TC Energy’s Sur de Texas-Tuxpan pipeline to receive requisite feedgas.
Additionally, NFE has already received authorization from the U.S. Department of Energy to export U.S.-sourced LNG to Mexico and other free-trade agreement countries.
Fast LNG harnesses existing floating LNG technology and combines it with a modular approach, allowing for scalability, affordability, and speed of natural gas liquefaction, according to NFE.
Recommended Reading
US Drillers Cut Oil, Gas Rigs for Second Week in a Row
2024-08-23 - The oil and gas rig count fell by one to 585 in the week to Aug. 23. Baker Hughes said that puts the total rig count down 47, or 7% below this time last year.
FourPhase Secures Three New Contracts in UK and UK Continental Shelf
2024-08-22 - The contracts include coiled tubing and de-sanding services for operators in the U.K. Continental Shelf.
Hess Seeks Partnership for Suriname Block 59
2024-08-22 - Hess Corp. is seeking a new partner or partners to join in Suriname’s offshore Block 59 after Exxon Mobil and Equinor each gave up their one-third interests last month.
How Liberty Rolls: Making Electricity, Using NatGas to Fuel the Oilfield
2024-08-22 - Liberty Energy CEO Chris Wright said the company is investing in keeping its frac fleet steady as most competitors weather a downturn in oil and gas activity.
OPEC Gets Updated Plans From Iraq, Kazakhstan on Overproduction Compensation
2024-08-22 - OPEC and other producers including Russia, known as OPEC+, have implemented a series of output cuts since late 2022 to support the market.