NFE Expects Altamira LNG to Become First Operational Mexican Export Project By Year’s End

New Fortress Energy Inc. has started the flow of natural gas to its offshore Altamira LNG terminal, which could become the first Mexico export project to supply U.S. gas to the international market when production begins in the “next few weeks,” management said Wednesday. 

During a third quarter call with analysts, CFO Chris Guinta said crews opened the valve on Monday to the subsea pipeline feeding the first 1.4 million metric tons/year floating liquefied natural gas platform offshore Mexico’s east coast. The firm is now awaiting a floating storage unit, which Guinta said could arrive in the next 10 days, before LNG production begins.

The technology, which NFE has dubbed Fast LNG (FLNG), utilizes jack-up rigs to house smaller, modular liquefaction trains that management...