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.
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino.
Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.
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