New Fortress Energy Inc. (NFE) is expecting to achieve first LNG from a floating liquefied natural gas production unit offshore Altamira, Mexico, in about 120 days, management said Tuesday.


Construction is about 80% complete on the first of two “Fast LNG” or FLNG liquefiers to be deployed at Altamira. Each would boast a liquefaction capacity of 1.4 million metric tons/year.

Plans are to source gas from the United States using spare capacity on the 2.6 Bcf/d Sur de Texas-Tuxpan (STT) pipeline commissioned by Mexican state power company Comisión Federal de Electricidad (CFE). NFE would then liquefy the gas for re-export to global markets. 

Mechanical completion of the first FLNG unit is expected in the spring, after which it would set sail for Altamira in June followed by...