US-based gas supply and infrastructure company New Fortress Energy (NFE) has announced agreements with Mexican state-owned companies Pemex and CFE on the development of a set of gas projects.
NFE will collaborate with state oil company Pemex to develop the 31 bcm Lakach natural gas field in the Gulf of Mexico, off the coast of Veracruz. NFE will drill seven offshore wells and deploy a 1.4 mt/year floating LNG unit to liquefy most of the produced volumes for export. The remaining volumes will be used by Pemex to meet Mexico’s domestic market demand. The Lakach field could yield ten years of production, and more if the nearby undeveloped Kunah and Piklis fields (potentially 62 bcm), are brought into the project in the future.
NFE will also collaborate with Mexico’s electric utility CFE (Comisión Federal de Electricidad). The agreement involves three points: the expansion of NFE’s supply of natural gas to several CFE facilities in the state of Baja California (western Mexico) ; the selling of NFE’s 135 MW La Paz power plant to CFE ; the creation of a new LNG hub off the coast of Altamira in the Tamaulipas province. The LNG hub will comprise of two 1.4 Mt/year liquefaction units deployed by NFE and supplied by feedgas from CFE using the utility’s existing infrastructure.
Interested in LNG Databases?
World LNG Database offers a complete set of data on LNG markets. The service provides detailed information on existing and planned liquefaction and regasification plants. It also includes LNG shipping around the world, LNG contracts, time series on regasification and liquefaction capacities, LNG flows and LNG prices for all players in the market.