New Fortress Eyes $3 Billion Investments in Mexico
6/3/2022
(Reuters) — U.S. firm New Fortress Energy is considering various investments in Mexico's energy sector that could be worth $3 billion, President Andres Manuel Lopez Obrador said on Friday.
Lopez Obrador said the potential New Fortress projects included a liquefied natural gas (LNG) facility and mentioned by name the company's CEO Wes Edens.
"With this man alone, it's $3 billion," Lopez Obrador said as he made reference to energy investments in the country during a regular government news conference.
Lopez Obrador said in April that Mexico wants to build new gas liquefaction facilities to export surplus natural gas and was planning to put the plants out to tender.
Related News
Related News
Sign up to Receive Our Newsletter

- Sempra Strikes LNG Supply Deal with Germany's Largest Power Producer
- Nigeria Okays Next Step for New Gas Pipeline via Morocco to Europe
- EnLink Moves Forward with Permian-Houston Natgas Pipeline Project
- Kinder Morgan’s Gulf Coast Pipeline Launches Open Season for Expansion Project
- Argentina Announces Tender to Build New Vaca Muerta Gas Pipeline
- Ottawa Approves $7.7 Billion Loan Guarantee for Trans Mountain Pipeline Expansion
- Nigeria Okays Next Step for New Gas Pipeline via Morocco to Europe
- New Fortress Eyes $3 Billion Investments in Mexico
- Tanzania Signs Gas Project Deal with Equinor, Shell
- ONGC Expects Sanctions to Further Delay Russia's Sakhalin 1 Oil Project
Pipeline Project Spotlight
Owner:
Gaz-System, Energinet
Project:
Baltic Pipe
Type:
Baltic Pipe will transport Norwegian natural gas from the Norwegian North Sea via Denmark to Poland.
Length:
560 miles (900 km)
Capacity:
110 Bcf per annum
Start:
Q2 2020
Completion:
Q4 2022
Comments