Welcome, New Fortress
After our recent posts on the number of LNG projects still awaiting a FID, New Fortress Energy (NFE) wants you to know it’s officially on the bus.
Reese Energy Consulting today is following the latest news from N.Y.-based New Fortress, which has announced filing all permit applications to build the nation’s first offshore liquefaction export terminal off the coast of La. Upon completion, the plant would add another 2.87 million TPY of American LNG capacity—more than 25% of our promised increase this year to help Europe break its Russia habit. Call it idyllic timing after last week’s landmark energy agreement between the U.S. and EU.
The company’s “Fast LNG” design combines the latest modular, mid-size liquefaction technology with jack up rigs or similar offshore infrastructure for a much lower cost, and more rapid deployment compared to two to four years for onshore terminals or floating vessels. NFE reports procurement of long-lead materials is complete and modular assembly is currently underway. Now, if the FERC creek don’t rise.