Altamira

LNG buyers are signing long-term supply contracts at an unprecedented clip, and those contracts are increasingly being linked to U.S. natural gas benchmarks such as Henry Hub, according to NGI Senior LNG Editor Jamison Cocklin. Last year “was a record year” for the signing of these contracts, Cocklin said during a joint webinar with experts…

In response to an inquiry from the U.S. Department of Energy (DOE), New Fortress Energy Inc. (NFE) officials said Thursday the first phase of the Altamira LNG project in Mexico remains on track to be an offshore terminal. In a letter to New York-based NFE sent at the end of October, DOE officials warned the…

Marathon Oil Corp. has signed a five-year sales and purchase agreement with the UK unit of Glencore Ltd. for an undisclosed amount of LNG produced with supplies from the Alba field in Equatorial Guinea.

New Fortress Energy Inc. (NFE) said last week it has obtained an export permit from Mexico’s energy ministry Sener for the offshore Altamira Fast LNG project.  The permit allows NFE to export up to 7.8 million metric tons of liquefied natural gas through April 2028, “providing ample capacity to support the operations” of the 1.4…

As New Fortress Energy Inc. targets deploying its first Fast LNG unit in the waters offshore Mexico’s eastern coast by June, it’s unveiled new plans to move the successive phases of Altamira LNG to land. For the past several years, the liquefied natural gas vessel firm has been working to become a fuel supplier through…

Investments in floating liquefied natural gas (FLNG) production terminals are poised to increase sharply in the next four years, driven by Europe’s need to displace Russian natural gas imports and Asia’s ongoing shift away from coal, according to an analysis from Westwood Global Energy Group. Market research firm Westwood expects 18.3 million metric tons/year (mmty)…

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column as part of a regular series on understanding this process, written by Eduardo Prud’homme. This is the second in the series.

The role of liquefied natural gas (LNG) in the Mexican supply balance is set to evolve after several pending pipelines come in-service later this year, experts say.

The role of liquefied natural gas (LNG) in the Mexican supply balance is set to evolve after several pending pipelines come in-service later this year, experts say.