New Fortress Energy (NFE) has signed a final agreements with Petróleos Mexicanos (Mexico’s Pemex) to develop and operate an integrated upstream and LNG project off the coast of Veracruz in Southeastern Mexico.
Under the agreements, the parties agreed to complete the development of the Lakach deepwater natural gas field, one of the largest non-associated gas fields in the Gulf of Mexico by completing seven offshore wells.

 

In addition, NFE will deploy to the Lakach field its 1.4 MMT/Y Sevan Driller FLNG unit, which is currently undergoing conversion in a shipyard in Singapore, to liquefy the majority of the produced natural gas.
The all-in cost of producing LNG at Lakach “will be among the lowest in the world”, NFE has said, adding that “the Lakach FLNG unit is one of five FLNG units NFE plans to deploy in the next two years”, increasing about 7 MMT/Y of new liquefaction capacity to the global market - “more than half of the world’s total expected capacity additions during the 2023-2024 period.”
Coupled with nearby fields, the area around Lakach has a total resource potential of 3.3 TCF of gas.

 

According to the Global LNG Database®, the New Fortress Energy-proposed Fast LNG solution is include a permanently moored FSU which will serve as an LNG storage facility alongside the floating liquefaction infrastructure, which can be deployed anywhere there is abundant and stranded natural gas.
NFE has already issued a notice to proceed to Fluor Corporation, Chart Industries, Inc. and Baker Hughes for the construction of the first “Fast LNG” project, which is anticipated to become operational in an estimated 20 months.
Last month, Sembcorp Marine (SCM) entered into master service agreements with New Fortress Energy (NFE) for the engineering and conversion of two Sevan cylindrical drilling vessels to Floating LNG (FLNG) liquefaction facilities, including the fabrication and integration of LNG topside modules.

 

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