NFE’s Fast LNG Asset Receives DOE Long-Term Authorization for LNG Export to Non-FTA Countries
September 03 2024 - 11:30AM
Business Wire
New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”)
is pleased to announce that it has received authorization from the
United States Department of Energy (“DOE”) to export up to ~1.4
million tonnes per annum of LNG to non-Free Trade Agreement
countries from its Fast LNG 1 (“FLNG 1”) asset located offshore
Altamira, Mexico for a term of five years. In combination with the
previously received Free Trade Agreement authorization granted by
the DOE, our FLNG 1 asset is now able to export LNG to markets and
customers worldwide.
“This important authorization cements NFE’s position as a
leading global vertically integrated gas to power company and
enhances the marketability of our FLNG 1 asset. NFE is now able to
freely supply cheaper and cleaner natural gas to underserved
markets across the world and further our goal of accelerating the
world’s energy transition,” said Wes Edens, Chairman and CEO of New
Fortress Energy.
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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