Jan 29 (LNGJ) - New Fortress Energy Inc., the New York-based developer of liquefied natural gas import and export projects, said that US Customs and Border Protection had issued a ruling confirming that the transportation of LNG produced at the company’s FLNG facility located offshore Altamira in Mexican waters by non-US qualified vessels would not violate the Jones Act. The Jones Act is legislation passed back in 1920 that requires goods moved between US ports to be carried by US-flagged ships.
As a result of this ruling, NFE said it would now be able to sell and deliver LNG produced at its FLNG Altamira facility to US locations, including Puerto Rico, described by the company as a key downstream market. “We are extremely pleased to receive this ruling for our FLNG facility since it not only supports one of the company’s largest projects but also supports the people of Puerto Rico,” said Wes Edens, Chairman and Chief Executive of NFE. The US Government last issued a waiver of the Jones Act shipping rules to help the US territory of Puerto Rico attract LNG shipments amid a tight market and high prices after a 2022 hurricane.
