New Fortress Energy Inc. (NFE) expects to finish building its first “Fast LNG” unit by March and start operations by the middle of next year offshore Mexico’s east coast, with several more units to follow shortly thereafter.


NFE has finalized a series of liquefied natural gas agreements with Mexican state electricity firm Comisión Federal de Electricidad to develop a floating LNG (FLNG) export hub offshore Altamira in Tamaulipas state.

The company said Tuesday it planned to have a total of five units completed by 2024. These include two at Altamira and one at the Lakach deepwater natural gas field off Mexico’s Veracruz state in a deal with state oil company Petróleos Mexicanos, aka Pemex.

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