New Fortress Energy may have to reapply for a Mexico LNG permit

[Shortie]

The U.S. Department of Energy (DOE) has been given a warning to New Fortress Energy letting them know that if any portion of their Altamira floating liquefied natural gas (LNG) project ends up being located onshore Mexico, New Fortress Energy will have to resubmit its application for an export permit.

The $1.3 billion Altamira LNG project owned by New Fortress was expected to start shipping superchilled gas in November and it was supposed to have been done under an export permit that was issued in June. If New Fortress Energy has to reapply for a U.S. export permit, this could delay the two-phase project even further.

New Fortress Energy had received a license to export Altamira's LNG to Free Trade Agreement (FTA) countries, but the license did not allow them to export to the larger set of non-FTA countries.

You can read more regarding this situation here

 

[Nomad]

The recent warning issued by the U.S. Department of Energy to New Fortress Energy, involving the Altamira floating liquefied natural gas (LNG) project in Mexico, highlights the intricate regulatory challenges associated with energy projects of big scale. It's evident that any deviation from the initially approved project plan could lead to substantial complications, as illustrated by the potential necessity for New Fortress Energy to resubmit its application for an export permit. There seems to be significant implications of regulatory compliance in the energy sector.

 

[Debashis]

The U.S. Department of Energy's warning to New Fortress Energy about their Altamira LNG project raises concerns of potential delays and regulatory hurdles, impacting the $1.3 billion initiative.