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

Venture Global’s Plaquemines LNG terminal achieves first production

Venture Global announced on Friday it had reached first LNG production at the company’s second facility, Plaquemines LNG, in...

Spot LNG rates remain weak

“Spark30S rates rose for a fourth consecutive week, increasing marginally by $750 to $23,500 per day,” Qasim Afghan, Spark’s commercial...

Swan Energy, Nebula’s AG&P LNG plan Indian JV

Swan Energy said on Friday it had signed a heads of agreement with AG&P Terminals &Logistics (Singapore). The two firms...

More News Like This

Brazil’s Eneva launches small liquefaction plant

According to a statement by Eneva on December 17, the small liquefaction unit started commercial operations following commissioning and...

New Fortress completes second step of $2.7 billion bond issue

NFE announced on Monday the completion of the private exchange of $1.5 billion new senior secured notes for more...

Egypt’s EGAS inks FSRU charter deal with NFE

The Egyptian Natural Gas Holding Company said in a social media post that the deal was signed on Thursday. This...

New Fortress raises $1.2 billion from bond issue

The Wes Edens-led firm announced on Tuesday the completion of the first step of its $2.7 billion issuance of...