[ad_1]
New Fortress Vitality (NASDAQ:NFE) says it has filed functions with U.S. regulators to assemble and function a brand new liquefied pure fuel export facility off the coast of Louisiana with a capability of exporting 145B cf/12 months of pure fuel.
New Fortress plans to finance the undertaking itself, but it surely didn’t disclose the associated fee; the corporate hopes to have the plant working as quickly as Q1 2023.
The undertaking can be positioned in federal waters 16 miles off the southeast coast of Grand Isle, Louisiana, and can entry ample U.S. fuel provide by leveraging current infrastructure.
New Fortress Chairman and CEO Wes Edens stated its Quick LNG plant design will “allow a a lot decrease value and sooner deployment schedule.”
New Fortress beforehand reached a preliminary deal to make use of its Quick LNG processing know-how for a undertaking with Italy’s Eni off the coast of Congo.
[ad_2]
Source link