HOUSTON, July 23 (Reuters) - U.S. energy infrastructure

company New Fortress Energy ( NFE ) said on Tuesday it closed a

$700 million loan for its second liquefied natural gas

production unit at its Fast LNG project in Altamira, Mexico.

The company said the second liquefaction unit will be

developed in partnership with Mexico's utility Comision Federal

de Electricidad utilizing an onshore terminal already in place.

The companies expect to invest $1.3 billion in the Altamira

hub, which will turn U.S. and Mexican gas into up to 1.4 million

tons per year of LNG for export when fully operational.

The FLNG project had its first output earlier this month in

the first floating unit and now expects to ship the first cargo

in August, which will be Mexico's first export of LNG, and enter

full production thereafter, the company said in a release.

The second unit will incorporate the same proprietary

modular technology as the first, and is expected to complete

construction in the first half of 2026, NFE said.

"Our FLNG complex is advancing at a rapid pace as we have

now produced LNG at our first unit, and fully financed our

second," said Wes Edens, NFE's chairman and CEO, in the release.