New Fortress secures approvals for Mexico LNG terminal

Wes Edens-led New Fortress Energy has received several approvals related to its LNG import terminal in the port of Pichilingue in Mexico’s Baja California Sur state.

The project near La Paz includes the construction of an ISOFlex LNG import facility
and a 135 MW power plant, according to New Fortress.

Mexico’s energy regulator CRE said in a notice dated June 14 it granted NFE Pacífico Lap, a unit of New Fortress, permission to store natural gas in a floating unit in the port of Pichilingue.

Moreover, the NFE Pacífico Lap also won approval to distribute natural gas via ISO containers as well as a regasification permit.

New Fortress chief executive Wes Edens said on May 7 during the company’s first-quarter conference call that the firm had expected the La Paz facility to go online “in the next 60 days or less.”

Also, the firm revealed a deal in March to supply LNG to a unit of Mexico’s state-run electric utility, the Federal Electricity Commission.

Under the deal, NFE would provide about 250,000-500,000 gallons of LNG (20,000-40,000 MMBtu) per day to CFEnergia from the receiving and regasification terminal in the port of Pichilingue.

In addition to the Mexico facility, the US firm also plans to launch its LNG terminal in Puerto Sandino in western Nicaragua in the coming weeks.

Most Popular

Woodside terminates Commonwealth LNG SPA

Australian LNG player Woodside has terminated its two LNG sale and purchase agreements with US LNG terminal developer Commonwealth LNG.

Energy Transfer seals Lake Charles LNG supply deals

Texas-based Energy Transfer has signed new supply deals for its planned Lake Charles LNG export facility in Louisiana as it works to take a final investment decision by the end of this year, according to its management.

Thailand in Alaska LNG talks

Thailand's PTT and Egco will engage in further discussions to potentially participate in the development and buy volumes from the planned Alaska LNG project, according to Thailand's Ministry of Energy.

More News Like This

Excelerate in $700 million senior notes offering

US FSRU player Excelerate Energy aims to raise about $700 million via an offering of unsecured senior notes due 2030.

Excelerate buys NFE’s Jamaica business for $1.05 billion

US FSRU player Excelerate Energy has entered into a definitive agreement with compatriot LNG player New Fortress Energy to acquire NFE’s business in Jamaica for $1.055 billion in cash.

NFE amends Puerto Rico gas supply contract

US LNG player New Fortress Energy has amended its recently extended 80 TBtu islandwide gas supply contract with the Puerto Rico Electric Power Authority.

NFE shipped 12 Altamira LNG cargoes

US LNG firm New Fortress Energy has shipped 12 liquefied natural gas cargoes from its FLNG project off Mexico's Altamira since August last year, while the company continues to move forward with work on its second unit, which will be installed onshore Altamira.