New Fortress Energy Inc. (NFE) is steaming ahead with another LNG export project in Mexico.


The company said it has finalized a deal with Mexican state oil firm Petróleos Mexicanos (Pemex) to develop and operate a natural gas field and a liquefaction project off the coast of Veracruz.

The offshore liquefaction plant at the Lakach deepwater natural gas field would be in addition to at least two liquefied natural gas units planned offshore the port of Altamira. 

While those other projects will use U.S.-sourced gas, for this project NFE would invest in completing seven offshore wells at the gassy Lakach field over a two-year period. 

Plans are for NFE to deploy to the Lakach field its 1.4 mmty Sevan Driller floating liquefied natural gas (FLNG) unit, which is currently being...