Updated Aug 22, 2024
8/22/24
After some delays and mixed signals from its vessel, New Fortress Energy Inc. (NFE) has confirmed the first shipment of U.S. natural gas liquefied in Mexico has been loaded and is on the water.
As New Fortress Energy Inc. targets deploying its first Fast LNG unit in the waters offshore Mexico’s eastern coast by June, it’s unveiled new plans to move the successive phases of Altamira LNG to land.
New Fortress Energy Inc. (NFE) is expecting to achieve first LNG from a floating liquefied natural gas production unit offshore Altamira, Mexico, in about 120 days, management said Tuesday.
With much of Europe continuing to scramble to secure adequate natural gas supplies in the wake of the Russian invasion of Ukraine and the resulting ramifications, LNG is seen as a leading solution to help solve the global energy crisis, which experts believe could continue for the next two to three years until new global capacity comes online en masse.
New Fortress Energy Inc. (NFE) expects to finish building its first “Fast LNG” unit by March and start operations by the middle of next year offshore Mexico’s east coast, with several more units to follow shortly thereafter.
Houston-based Baker Hughes Co. kicked off third quarter earnings season for the oil and natural gas sector on Wednesday, acknowledging challenges but optimistic about the emerging upcycle, with a continuing bullish view for LNG.
An environmental review of New Fortress Energy Inc.’s (NFE) LNG project proposed offshore of Louisiana could be delayed after the Maritime Administration (MARAD) paused the process while seeking more information from the firm, recently published documents show.
New Fortress Energy Inc. (NFE) is looking to develop up to four fast LNG (FLNG) projects offshore Mexico’s Gulf Coast amid the global natural gas supply crunch, management said during an earnings call last week.
Chart Industries Inc. expects more LNG terminal customers to sanction large-scale and modular projects in the near term, increasing its already sizable list of orders, as exporters rush to meet skyrocketing demand for natural gas.