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 Canada pipeline enters commercial service

Canada's TC Energy said on Tuesday CGL had executed a commercial agreement with LNG Canada and CGL customers that...

Japan’s K Line on track with LNG fleet growth plans

According to K Line's latest financial report, the firm had 46 LNG carriers in its fleet as of the...

Tellurian’s unit seeks more time to build two gas pipelines

Last month, Australia's Woodside acquired all issued and outstanding Tellurian common stock for about $900 million cash, or $1.00 per...

More News Like This

Pennybacker wraps up acquisition of NFE’s LNG facility in Miami

Pennybacker announced the closing of the deal in a statement on Thursday. NFE said on July 1 that it had...

NFE says Nicaragua LNG-to-power project almost complete

Back in February 2020, NFE signed a 25-year power purchase agreement with Distribuidora de Electricidad del Norte (DisNorte) and...

New Fortress seeking strategic partners

Last month, NFE announced a series of financing transactions that upon closing are intended to increase the company’s liquidity...

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...