New Fortress Energy (NFE) Inc cleared a major regulatory hurdle last week after it obtained an export permit for its Altamira Fast LNG facility from the Mexican Ministry of Energy (SENER)
SENER’s permit authorises NFE to export up to 7.8M tonnes through April 2028, providing ample capacity to support the operations of the 1.4-mta Fast LNG facility through the permitted period.
NFE already secured a permit from the US Department of Energy to export US-sourced LNG to Mexico and other countries the United States has a free trade agreement with.
New Fortress Energy said construction for the first 1.4-mta Fast LNG unit is more than 90% complete and deployment to Altamira is expected to begin this month.
“This permit is the final piece to the puzzle for launching our first Fast LNG in Altamira,” said New Fortress Energy chairman and chief executive Wes Edens.
With operations slated to begin Q3 2023, NFE is on track to establish its new LNG hub.
NFE has collaborated with the Mexican state utility Comisión Federal de Electricidad (CFE) to develop the hub. The US exporter will deploy several fast LNG units, each with 1.4-mta capacity, using CFE’s existing pipeline capacity on TC Energy’s Sur de Texas-Tuxpan Pipeline.
“Obtaining this authorisation not only paves the way for operations to commence at our new LNG hub in Q3 this year, but it also advances our efforts to expand access to cleaner, cheaper and more reliable energy to customers around the world,” added Mr Edens.
Riviera Maritime Media’s LNG Shipping & Terminals Conference will be held 14-15 November 2023 in London, UK. Use this link for further information and to register your interest
Events
© 2024 Riviera Maritime Media Ltd.