NFE set to load first Altamira LNG cargo

NFE

US LNG firm New Fortress Energy will soon load the first liquefied natural gas cargo at its FLNG project off Altamira, Mexico.

Last month, NFE launched production at its initial Fast LNG asset, claiming this is the “fastest large-scale LNG project ever developed”.

NFE provided an update on Friday saying that its LNG asset is “performing well as expected”.

The asset is scheduled to conclude commissioning and its preproduction run on Friday, August 9th, with the first partial LNG cargo set to be loaded onto the 138,000-cbm Energos Princess, according to NFE.

This cargo will then be delivered to NFE’s La Paz, Mexico terminal in the following days.

Following the “significant milestone” of first load, NFE’s FLNG asset will undergo a scheduled maintenance outage of several days.

After this, the LNG project will resume operations and is expected to reach full production later in August 2024, NFE said.

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 company previously said the FLNG project adds more than $2 billion of infrastructure to its asset base.

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.

Besides this project, NFE recently closed its previously announced $700 million loan for its second FLNG unit which it aims to install onshore in Altamira.

Source: Lngprime.com

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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.