New Fortress Energy Inc. (NFE) is working to expand natural gas liquefaction capacity to fill a short-term gap in global supplies and meet demand faster than its rivals. 

NFE

The company plans to file applications this summer for another six floating liquefaction facilities in the Gulf of Mexico (GOM) that could be deployed more quickly than conventional infrastructure. NFE has filed two applications for its Fast LNG technology in the GOM and ultimately expects to have 11.2 million metric tons/year (mmty) of capacity built and deployed.

“Fast LNG is really the industry changing application,” said CEO Wes Edens. “As I’ve said many times, the only commodity that you cannot buy is time.”

Unlike onshore facilities, which can take years to build, NFE is aiming to meet...