NFE names Andrew Dete as president

US LNG player New Fortress Energy has appointed its managing director Andrew Dete to the role of president.

Dete joins the senior management team of NFE’s chairman and CEO Wes Edens, general counsel cameron MacDougall, and chief financial officer Chris Guinta.

“Andrew has been fundamental to NFE’s commercial growth and development over the past few years, and we are proud to formally appoint Andrew to the role of president as we see him as an integral part of NFE’s future,” Wes Edens said.

Last month, NFE shipped the first full LNG cargo from its first FLNG project off Mexico’s Altamira to Europe.

This shipment recently arrived at the Dutch Gate LNG terminal in the port of Rotterdam.

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 Altamira 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 closed in July its previously announced $700 million loan for its second FLNG unit which it aims to install onshore in Altamira.

Most Popular

LNG shipping rates continue to slide

Last week, Atlantic LNG shipping rates dropped to $26,750 per day. “Spark30S Atlantic rates dropped for a fifth consecutive week, reducing...

Golden Pass secures three-year extension to complete Texas LNG terminal

Under the original FERC order from 2016, Golden Pass LNG was required to complete and place into service the...

ConocoPhillips, EDF Trading pen gas supply deal

ConocoPhillips said the agreement is for ten years. "In addition to the agreements recently announced with Uniper and SEFE, this...

More News Like This

NFE ships third Altamira LNG cargo

The cargo has been loaded onto the 2015-built 162,000-cbm BW Pavilion Leeara, owned by a joint venture of BW...

Dutch Gate gets first cargo from NFE’s Altamira LNG terminal in Mexico

The 138,000-cbm Energos Princess delivered the maiden cargo from Altamira to the LNG terminal owned by Gasunie and Vopak. Energos...

NFE in $3 billion debt and equity move

On Wednesday, the company issued 46,349,942 shares of its Class A common stock at a public offering price of...

NFE ships first full Altamira LNG cargo to Europe

"NFE’s FLNG asset has achieved first full cargo and sail away, with its first full LNG cargo fully loaded...