New Fortress boost
July 19 (LNGJ) - New Fortress Energy has achieved first LNG for its initial “Fast LNG” production asset located offshore Altamira in the Gulf of Mexico. NFE’s proprietary “Fast LNG” design is the first of its kind, pairing the latest advancements in modular liquefaction technology with jack-up rigs or similar offshore infrastructure to enable a faster deployment schedule than traditional liquefaction facilities.
The facility has production capacity of 1.4 million tonnes per annum. “This represents a transformative moment for our company and the industry as a whole, and reaffirms our position as a fully integrated leader in the global LNG market,” said Wes Edens, Chairman and Chief Executive of NFE. The company stated that the FLNG production success added more than $2 billion of infrastructure to the company’s asset base, “greatly improving the operational capabilities, financial flexibility and credit profile” of NFE.
US LNG and power company New Fortress Energy increases Brazil presence and almost triples profits
New Fortress Energy, the US integrated LNG and power company that owns, operates or provides natural gas to 30 facilities in five countries has almost tripled net profits in the past year.
