New Fortress Energy Inc. announced last week that it has filed applications with the U.S. Maritime Administration, the U.S. Coast Guard and U.S. Department of Energy to construct and operate a new offshore LNG liquefaction terminal off the coast of Louisiana, The facility would be capable of exporting approximately 145 billion cubic feet of natural gas per year.
The project will be located in federal waters approximately 16 miles off the southeast coast of Grand Isle and will access U.S. gas supply by leveraging existing infrastructure. Procurement of all long-lead materials is complete and modular assembly of equipment is underway.
Subject to the receipt of all required permits and approvals, NFE targets beginning operations in the first quarter of 2023. Read the entire announcement.
