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“NFE’s FLNG asset has achieved first full cargo and sail away, with its first full LNG cargo fully loaded onto the Energos Princess and setting sail for Europe,” NFE said on Monday.
The Wes Edens-led company did not provide further information.
The 138,000-cbm Energos Princess was on Monday located in the Gulf of Mexico and is expected to arrive at its destination around October 18, according to its AIS data provided by VesselsValue.
NFE recently resumed LNG production at its Fast LNG 1 asset off Altamira after completing scheduled maintenance.
This planned outage followed the first partial LNG cargo which occurred on August 9.
NFE loaded the partial cargo onboard the 138,000-cbm Energos Princess for delivery to its La Paz, Mexico terminal.
Ealrier this month, NFE”s LNG project off Altamira has secured approval from the US DOE to ship LNG cargoes produced from US natural gas to non-free trade agreement nations.
NFE’s proprietary Fast LNG design pairs 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 company previously said the FLNG project adds more than $2 billion of infrastructure to its asset base.
NFE sent its liquefaction rig Pioneer II on September 26, 2023 to Altamira to start serving the FLNG project.
Prior to this, NFE’s utilities and accommodation rig, Pioneer III, arrived off Altamira, as well as the gas treatment rig.
The FLNG project consists of three rigs, Pioneer I, II, and III.
Besides the three rigs, the 160,000-cbm Penguin FSU serves the project as a floating storage unit.
In addition to this project, NFE recently closed its previously announced $700 million loan for its second FLNG unit which it aims to install onshore in Altamira.
Dividend update
NFE said in a separate statement it has determined to delay the payment of its previously declared $0.10 per share Class A common stock dividend, with a record date of September 13.
The company said it has reached an agreement with its noteholders to address NFE’s near-term maturities and liquidity requirements.
“The company expects to reach an agreement with its noteholders in the near future, after which the company will reevaluate the payment of the dividend, including with respect to its amount and the timing of any potential payment,” NFE said.