US-based global energy infrastructure company New Fortress Energy (New Fortress) has filed permit applications to construct and operate an offshore liquefied natural gas (LNG) liquefaction terminal in the US Gulf of Mexico.
Announced last week, the project – to be located 16 miles off the coast of Louisiana – aims to export around 145 bn cubic feet of natural gas per year, equivalent to 2.8m tonnes per annum (MTPA) of LNG.
By harnessing its ‘Fast LNG’ liquefaction design, New Fortress aims to supply additional LNG volumes for the EU to help Europe end its reliance on Russian fossil fuels, in addition to supplying a lower carbon alternative to oil-based fuels.
Commenting on the agreement, Wes Edens, Chairman, CEO, New Fortress, said, “This is a big step in the growth of our Fast LNG portfolio, which will include both tolling liquefaction for high credit worthy partners like ENI as well as market volumes from our merchant assets like these.”
“With rapid deployment, this project can play a significant role in supporting our nation’s commitment to our European allies and their energy security as well as support our efforts to reduce emissions and energy poverty around the world.”
The company aims to begin operations in the first quarter of 2023, subject to the acquisition of all required permits and approvals.