New Fortress Energy

NFE Planning to Deploy Fast LNG Tech in Mexico

NFE Planning to Deploy Fast LNG Tech in Mexico

New Fortress Energy Inc. (NFE) is looking to develop up to four fast LNG (FLNG) projects offshore Mexico’s Gulf Coast amid the global natural gas supply crunch, management said during an earnings call last week. This is in addition to the company’s first FLNG project currently under development offshore Louisiana. At the port of Altamira,…

August 12, 2022
Chart Industries Anticipates More Large-Scale LNG, FLNG Projects

Chart Industries Anticipates More Large-Scale LNG, FLNG Projects

Chart Industries Inc. expects more LNG terminal customers to sanction large-scale and modular projects in the near term, increasing its already sizable list of orders, as exporters rush to meet skyrocketing demand for natural gas. Ball Ground, GA-based Chart reported to investors last week it broke records across the board during the second quarter, recording…

August 1, 2022
New Fortress Spins-Off Midstream Assets in Bid for LNG Infrastructure Capital

New Fortress Spins-Off Midstream Assets in Bid for LNG Infrastructure Capital

New Fortress Energy Inc. has announced plans to spin-off the majority of its midstream liquefied natural gas business (LNG) into a new joint venture with Apollo Global Management Inc. as it focuses on its own Fast LNG infrastructure. New York-based NFE disclosed its plans to sell 11 LNG assets to the new joint venture in…

July 6, 2022
New Fortress Puerto Rico LNG Terminal Falls Under FERC Authority, Says Court

New Fortress Puerto Rico LNG Terminal Falls Under FERC Authority, Says Court

A federal court has ruled that FERC has authority to regulate New Fortress Energy Inc.’s (NFE) small-scale liquefied natural gas (LNG) terminal in Puerto Rico, rejecting an argument that the Commission revised definitions of a pipeline to assert authority. A panel of three judges with the U.S. Court of Appeals for the District of Columbia…

June 15, 2022
New Fortress Racing to Fill Global LNG Supply Gap

New Fortress Racing to Fill Global LNG Supply Gap

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.  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…

May 10, 2022
New Fortress Agrees to Put Marcellus LNG Facility On Hold

New Fortress Agrees to Put Marcellus LNG Facility On Hold

A liquefied natural gas (LNG) facility planned in northeasteastern Pennsylvania, designed to tap into the Marcellus Shale, has for now been put on hold after the developer reached a settlement with environmental groups. The settlement announced Monday by Pennsylvania-based environmental group PennFuture and other national organizations outlines plans for the facility’s developer to allow its…

March 22, 2022
New Fortress Renews $766M LNG Project for Ireland with ‘Future-Proofed’ Hydrogen Option

New Fortress Renews $766M LNG Project for Ireland with ‘Future-Proofed’ Hydrogen Option

U.S. liquefied natural gas (LNG) developer New Fortress Energy Inc. is reviving plans to build a $766 million import terminal in Ireland, this time with a “future-proofed” design that would allow it to transition to hydrogen gas in the coming years. A spokesperson for New Fortress said last week the company plans to file a…

September 1, 2021
New Fortress Lands More Brazilian Customers on Natural Gas Shortages, Record Imports

New Fortress Lands More Brazilian Customers on Natural Gas Shortages, Record Imports

New Fortress Energy Inc. said it had few issues in the second quarter signing up customers for liquefied natural gas (LNG) and power generation assets that it is developing in Brazil, where energy demand has set records this year.  NFE said it inked eight sales agreements for 5.8 million gallons/day of LNG to underpin import…

August 10, 2021
New Fortress Energy Signs Deal to Supply LNG for Two Power Plants in Mexico

New Fortress Energy Signs Deal to Supply LNG for Two Power Plants in Mexico

New Fortress Energy Inc. (NFE) said Monday it has signed an agreement to supply natural gas to two power plants owned by Mexican state power utility Comisión Federal de Electricidad (CFE) in Mexico’s difficult-to-reach Baja California Sur (BCS) state. NFE will supply the equivalent of about 250,000-500,000 gallons (20,000-40,000 MMBtu)/d of liquefied natural gas (LNG)…

March 30, 2021
New Fortress Energy Unveils Plans for FLNG, Southeast Asia Projects

New Fortress Energy Unveils Plans for FLNG, Southeast Asia Projects

New York City-based New Fortress Energy LLC (NFE) continues to pursue rapid growth in underserved natural gas markets across the world, announcing plans to enter the offshore liquefaction space and build an import terminal in Southeast Asia.  The company, which is focused on delivering liquefied natural gas (LNG) to markets that lack access to the…

March 19, 2021
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