New Fortress Energy Inc. has signed a gas supply agreement (the GSA) with CFEnergia SA de CV, a subsidiary of Mexico’s Federal Electricity Commission (CFE), on March 29. Under the agreement, NFE will provide the equivalent of an estimated 250,000- to 500,000- gallons of LNG (20,000-40,000 MMBtu) per day to CFE’s CTG La Paz and CTG Baja California Sur power plants in Baja California Sur, Mexico.
“We are pleased to support CFE’s transition to cleaner, more affordable and reliable energy,” Wes Edens, chairman and CEO of New Fortress Energy, said. “This contract will help create significant fuel savings and emissions reductions for the benefit of the people of Baja California Sur.”
NFE will supply natural gas to the plant via the company’s LNG receiving and regasification terminal in the port of Pichilingue, Baja California Sur, Mexico. The terminal is anticipated to be complete and begin the supply of natural gas to CFE in May.
Cenovus signed a 15-year power purchase agreement for the full output of a solar facility in southern Alberta, providing the offtake contract necessary for the construction of the project and ultimately helping Cenovus mitigate its scope 2 emissions.
Black Stone Minerals certain mineral and royalty properties from its Permian Basin position through two separate agreements with the larger of the two involving EnCap portfolio company Pegasus Resources.
The news follows the recent Black Stone Energy development agreement with Aethon Energy in the same region of the Haynesville and Bossier shale plays and complements the company’s goal of reviving volume growth from the area.