NFE Achieves First LNG for its Fast LNG Asset


   
    

   OAKHURST, N.J. (DTN) --- New Fortress Energy Inc. today announced that it 
has achieved First LNG for its initial Fast LNG asset located offshore 
Altamira, Mexico.

   NFE's proprietary Fast LNG design is the first of its kind, pairing the 
latest advancements in modular liquefaction technology with jack up rigs or 
similar offshore infrastructure to enable a faster deployment schedule than 
traditional liquefaction facilities.

   With a production capacity of 1.4 MTPA, or approximately 70 TBtus, FLNG 
completes the vertical integration of NFE's LNG portfolio and will play a 
pivotal role in supplying low-cost, clean LNG to the Company's downstream 
terminal customers.

   "First LNG represents a transformative moment for our company and the 
industry as a whole, and reaffirms our position as a fully integrated leader in 
the global LNG market," said Wes Edens, chairman and CEO of New Fortress Energy.

   "We are immensely proud of the dedication and hard work by our team, who 
have completed more than 9 million work hours, to bring this large-scale 
project to life at a record pace. In doing so, our downstream customers now 
benefit from additional access to clean and reliable LNG, enabling sustained 
growth well into the future," said Chris Guinta, chief financial officer of New 
Fortress Energy.

   FLNG adds more than $2 billion of infrastructure to the Company's asset 
base, greatly improving NFE's operational capabilities, financial flexibility, 
and credit profile.

    




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