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New Fortress ships Mexico's first LNG cargo for export
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New Fortress ships Mexico's first LNG cargo for export
Oct 2, 2024 11:41 PM

Sept 30 (Reuters) - U.S. energy infrastructure company

New Fortress Energy ( NFE ) on Monday shipped the first export

of liquefied natural gas from Mexico, following the inauguration

of output at its floating facility off the country's coast, the

company said.

New Fortress in early August completed preproduction at

the first train of its Fast LNG project in Altamira, in the Gulf

of Mexico, and said a first partial cargo from the $1 billion

facility would be delivered to its La Paz power plant in Mexico.

Marshall Islands-flagged LNG tanker Energos Princess,

which carried that cargo in late August from Mexico's Atlantic

coast to the Pacific Coast through the Panama Canal, is now

setting sail with a new shipment bound for Europe, according to

the company and LSEG vessel tracking data.

The vessel will reach its destination around Oct. 18,

the data showed.

"This is a significant milestone for our Fast LNG

installation," said Wes Edens, chairman and CEO of New Fortress,

in a release. "We're excited to be able to provide our own gas

supply to the world markets and our customers."

The company faced delays since last year to complete

infrastructure at the 1.4-million-tonnes-per-annum project and

begin processing U.S natural gas in Mexico, which postponed the

commercial start of Mexico's first LNG plant.

In early September, New Fortress announced it had

received authorization from the U.S. Department of Energy to

export LNG to non-free trade agreement countries from Altamira

for five years. It had previously received authorization to

export to nations under free trade agreements with the United

States.

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