New Fortress Energy (NFE) has signed a Memorandum of Understanding (MOU) with Mauritania to develop an energy hub.
The hub will include natural gas, power, LNG and blue ammonia and will utilising existing offshore gas reserves off the Mauritanian coast.
Under the MOU, NFE will deploy its ‘Fast LNG’ liquefaction technology to produce LNG in the Atlantic coastal basin offshore Mauritania for local gas and power markets, as well as international exports.
NFE will supply natural gas to both an existing and a new power plant that will be developed.
“The production of LNG from these fields with our innovative Fast LNG liquefiers will help accelerate the global transition to cleaner fuels,” said Wes Edens, NFE Chairman and CEO. “Supply of natural gas and modern power infrastructure will also help bring more affordable, reliable and cleaner power to support industrial development and sustainable economic growth in Mauritania and, at the same time, unlock the country’s potential to be a top exporter of clean LNG and blue ammonia.”
NFE’s ‘Fast LNG’ liquefaction design brings together the latest advancements in modular, mid-size liquefaction technology with jack up rigs, or similar floating infrastructure, to enable a much lower cost and faster deployment schedule than today’s floating liquefaction vessels.
The company also claimed it was in advanced discussions for the deployment of this technology in several other markets around the world, including offshore US.
The agreement is non-binding on the parties and actual terms of any future definitive agreement may differ from the terms of the MOU, the company said.