NFE’s first FLNG 90 percent complete, next two units will work at onshore Altamira terminal

New Fortress Energy’s first floating LNG production unit is 90 percent complete and the firm still expects to start production off Mexico’s Altamira in July this year.

NFE is currently working on up to five floating LNG production units using its “Fast LNG” liquefaction design that incorporates modular, midsize liquefaction technology with jack up rigs or similar offshore infrastructure.

Last year, NFE signed separate deals with CFE and Pemex aimed at installing floating LNG production units off Mexico.

Under the deal with CFE, the firm agreed to create a new FLNG hub off the coast of Altamira, Tamaulipas.

Commissioning of first FLNG

Earlier this year, NFE said that it expects the first FLNG, which is under construction at the Kiewit Offshore Services shipyard near Corpus Christi, Texas, to start production off Altamira in July this year.

Chris Guinta, NFE’s finance chief said during the company’s first-quarter earnings call on Thursday that the firm has begun commissioning of the first FLNG worth about $1 billion and expects it to be fully deployed in August.

The 1.4 mtpa unit is 90 percent complete and it is expected to receive the first gas in July off Altamira.

NFE's first FLNG 90 percent complete, next two units will work at onshore Altamira terminal
Image: New Fortress Energy

FLNG units 2 and 3 to work at onshore Altamira LNG terminal

Guinta also announced that NFE signed a letter of intent with CFE to install units 2 and 3 onshore at the existing Altamira terminal.

The LNG import terminal built in 2006 is currently underutilized and transforming it into an export facility follows the legacy of Sabine Pass nearly 10 years ago, he said.

NFE expects that both of the 1.4 mtpa units, each worth about $900 million, will be complete in the second quarter of 2024.

First gas is expected from the first unit in August 2024 and from the second in September 2024.

Most Popular

South Korea’s Posco says first LNG carrier to start ops in H2

Posco International, a unit of South Korean steel producer Posco, plans to start shipping LNG with its first dedicated LNG carrier in the second half of this year.

Canada’s Cedar LNG names FLNG

Canada’s Cedar LNG, a joint venture of Canada’s Pembina Pipeline and the Haisla Nation, has picked a name for its floating LNG facility, which will be located in the traditional territory of the Haisla Nation, on Canada’s West Coast.

Atlantic LNG shipping rates continue to decrease

Atlantic LNG freight shipping rates continued to decrease this week, while European prices also dropped compared to last week.

More News Like This

Avenir LNG seals charter deal with Excelerate

UK-based small-scale firm Avenir LNG has secured a multi-year extension for its 7,500-cbm vessel Avenir Accolade with US FSRU player Excelerate Energy.

NFE gets non-compliance notice from Nasdaq

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

NFE working on two more FSRU charter deals

US LNG player New Fortress Energy is in advanced talks to charter two more floating and regasification units, according to its management.

Excelerate wraps up acquisition of NFE’s Jamaica business

US FSRU player Excelerate Energy has completed its previously announced acquisition of New Fortress Energy's business in Jamaica for $1.055 billion.