Photo courtesy New Fortress Energy
New Fortress Energy Inc., a major player in the energy sector, announced its receipt of a ruling from the U.S. Customs and Border Protection that allows the company to transport U.S.-sourced Liquified Natural Gas (LNG) produced at its offshore facility in Altamira, Mexico by non-U.S. qualified vessels without violating the Jones Act.
The ruling has opened new avenues for the company as it can now sell and deliver LNG produced at its Altamira facility to U.S. locations, notably Puerto Rico, which is a significant market for the company.
“We are extremely pleased to receive this ruling for our FLNG facility since it not only supports one of the Company’s largest projects but also supports the people of Puerto Rico,” said Wes Edens, Chairman and CEO of New Fortress Energy.
In June, the company announced that Mexico’s Ministry of Energy had granted it an export permit for its Altamira Fast LNG (FLNG) facility. The permit allows the company to export up to 7.8 million metric tons through April 2028, thereby supporting the operations of the 1.4 million tons per annum (MTPA) Altamira FLNG facility through the permitted period.
The U.S. Department of Energy has already authorized New Fortress Energy to export US-sourced LNG to Mexico and other FTA countries.
The Altamira FLNG project, located along the East Coast of Mexico, will liquefy gas supplied by the Sur de Texas-Tuxpan marine pipeline, which extends from US-Mexico border in Brownsville, Texas, to Tuxpan, Veracruz.
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