New Fortress Energy said Sept. 3 that it has received authorization from the U.S. Department of Energy to export LNG from its offshore Altamira-based plant in Mexico to non-free trade agreement countries.
According to the terms of authorization, the company can export up to nearly 1.4 million tonnes per annum of LNG to non-FTA countries from its Fast LNG 1 project for a term of five years.
The FLNG project had its first output in July.
In the same month, a federal judge had halted the Democrat administration from pausing approval of pending and future applications to export LNG from new projects to non-FTA countries.
New Fortress is counting on incremental growth in LNG demand in Latin America, including countries such as Brazil and Jamaica, it had said in its second-quarter earnings call.
Recommended Reading
Dividends Declared in the Week of Sept. 9
2024-09-13 - Here is a compilation of dividends declared by select upstream and service and supply companies for third-quarter 2024.
Viper Energy Offers 10MM Shares to Help Pay for Permian Basin Acquisition
2024-09-12 - Viper Energy Inc., a Diamondback Energy subsidiary, will use anticipated proceeds of up to $476 million to help fund a $1.1 billion Midland Basin deal.
Kosmos to Repay Debt with $500MM Senior Notes Offer
2024-09-11 - Kosmos Energy’s offering will be used to fund a portion of its 7.125% senior notes due 2026, 7.750% senior notes due 2027 and 7.500% senior notes due 2028.
ONEOK Offers $7B in Notes to Fund EnLink, Medallion Midstream Deals
2024-09-11 - ONEOK intends to use the proceeds to fund its previously announced acquisition of Global Infrastructure Partners’ interest in midstream companies EnLink and Medallion.
Gulfport Releases Results on Senior Notes Offer Due 2026
2024-09-10 - As of the close of business on Sept. 9, the offer’s expiration date, Gulfport received tenders for an aggregate principal amount of approximately $524 million of the notes.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.