NFE nears launch of Altamira LNG production

US LNG firm New Fortress Energy expects to start production of liquefied natural gas at its first FLNG project off Altamira, Mexico in the next ten days.

The Wes Edens-led company revealed this in an update released on June 14.

According to NFE, the company has made “tremendous” progress on its path towards the start of liquefaction operations.

“As of today, the work necessary to begin operations is complete and the company has also completed the full remainder of pre-commissioning activities,” it said.

“The company now expects to produce LNG in the next 10 days, and then expects to be able to deliver its first cargo in July,” NFE said.

NFE did not provide further information.

The firm said in its first-quarter results in May that it was expecting to start production in May and to deliver first full cargo in June.

Prior to that, the company said in its fourth-quarter report in February this year it was expecting first LNG in March and first cargo in April 2024.

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.

NFE’s first 1.4 mtpa FLNG asset located offshore Altamira reached mechanical completion in January this year.

In April this year, an incident took place on NFE’s rig Pioneer II during the commissioning of the cold box.

Chris Guinta, NFE’s finance chief, said during the first quarter earnings call that the “incident with a pipe fracture inside our cold box” took place on April 26.

“The pipe incident caused the boxes insulation material, a non-toxic volcanic sand called perlite, to be admitted all over the rigs,” Guinta said.

Most Popular

Shell adds another LNG carrier to its fleet

A unit of UK-based LNG giant Shell has added another chartered liquefied natural gas carrier to its fleet.

Eni’s Nguya FLNG ready to start serving second phase of Congo LNG project

Italian energy firm Eni hosted on Tuesday the sail-away ceremony for the Nguya floating liquefied natural gas (FLNG) unit in Shanghai, China. The unit is ready to start serving the second phase of Eni's Congo LNG project.

CMA CGM, Evergreen, HMM, and Maersk eye LNG-powered containership orders

France's CMA CGM, Taiwan's Evergreen, South Korea's HMM, and Denmark's Maersk are all looking to order LNG dual-fuel containerships at yards in China and South Korea, according to shipbuilding sources.

More News Like This

NFE receives non-compliance notice from Nasdaq

US LNG player New Fortress Energy has received a notice from Nasdaq on non-compliance with the latter’s listing rule for not submitting its quarterly report with the US SEC.

NFE delays quarterly report filing

US LNG firm New Fortress Energy has sought more time from the US SEC to file its second-quarter report due to ongoing negotiations related to additional credit support that is required to be delivered under one of its debt instruments.

Excelerate raises 2025 guidance after Jamaica deal

US FSRU player Excelerate Energy raised its full-year 2025 adjusted Ebitda guidance range following the recent acquisition of New Fortress Energy's business in Jamaica.

NFE inks second FSRU charter deal with Egypt’s EGAS

Egypt’s EGAS has signed a second deal with US LNG player New Fortress Energy to charter a floating storage and regasification unit (FSRU).