New Fortress Energy announces closing of $700-MM loan for second FLNG vessel
New Fortress Energy (NFE) announced that after successfully producing LNG at its first FLNG unit (FLNG 1), it has closed its previously announced $700-MM loan for its second FLNG unit (FLNG 2). Now operational, FLNG 1 expects to deliver its first cargo in August and enter full production thereafter.
The new loan will fully fund the construction of FLNG 2. FLNG 2 will be developed in partnership with Comisión Federal de Electricidad (CFE) utilizing its extensive in-place terminal infrastructure onshore in Altamira, Mexico. The new liquefaction unit will incorporate the same proprietary modular technology as FLNG 1 and is expected to complete construction in the first half of 2026.
“Our FLNG complex is advancing at a rapid pace as we have now produced LNG at our first unit, and fully financed our second. These are large infrastructure projects that add considerable financial and operational value to our Company and we are thrilled with the progress to date,” said Wes Edens, Chairman and CEO of New Fortress Energy.
Related News
Related News
- Digital Exclusive: Evolving pressure relief valve designs protect LNG facilities
- JGC-Hyundai JV awarded EPC contract for major low-carbon LNG plant project in Papua New Guinea
- TC Energy approves $1.5-B Columbia Gas expansion after profit tops estimates
- NextDecade to use Honeywell liquefaction technology for 30-MMtpy LNG terminal
- Wärtsilä continues to expand its data center footprint with new 790 MW order in Texas
Comments