New Fortress Energy Inc. (NASDAQ: NFE) announced that it has received an export permit for its Altamira Fast LNG facility from Mexico’s Ministry of Energy (Secretaría de Energía (SENER)).
Under the permit granted by SENER, NFE is now authorized to export up to 7.8 million metric tons through April, 2028, providing ample capacity to support the operations of the 1.4 million tons per annum (MTPA) Fast LNG facility through the permitted period. Additionally, as previously announced, NFE has received authorization from the U.S. Department of Energy to export US-sourced LNG to Mexico and other FTA countries.
“This permit is the final piece to the puzzle for launching our first Fast LNG in Altamira,” said Wes Edens, Chairman and CEO of New Fortress Energy. “Obtaining this authorization not only paves the way for operations to commence at our new LNG hub in the third quarter of this year, but it also advances our efforts to expand access to cleaner, cheaper and more reliable energy to customers around the world.”
Construction for the first 1.4 MTPA Fast LNG unit is over ninety percent complete and deployment to Altamira is expected to begin this month. With operations slated to begin in the third quarter of 2023, NFE is on track to establish its new LNG hub, furthering its efforts to provide affordable and reliable energy solutions to customers worldwide.
About New Fortress Energy Inc.
New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to address energy poverty and accelerate the world’s transition to reliable, affordable, and clean energy. The company owns and operates natural gas and liquefied natural gas (LNG) infrastructure and an integrated fleet of ships and logistics assets to rapidly deliver turnkey energy solutions to global markets. Collectively, the company’s assets and operations reinforce global energy security, enable economic growth, enhance environmental stewardship and transform local industries and communities around the world.
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This communication contains forward-looking statements. All statements contained in this communication other than historical information are forward-looking statements that involve known and unknown risks and relate to future events, our future financial performance or our projected business results. You can identify these forward-looking statements by the use of forward-looking words such as “expects,” “may,” “will,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative version of these terms or other comparable words. Forward looking statements include but are not limited to: statements regarding commencing operations in the third quarter of 2023; expectations of exporting up to 7.8 million metric tons through April 2028; and efforts to bring cleaner, cheaper and more reliable energy to customers around the world.
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