Mexico's First LNG Export Facility Ships Initial Cargo

Exports Begin From Landmark Development

Key Points:

• Mexico's first liquefied natural gas (LNG) export facility has shipped its initial cargo.
• The developer is New Fortress Energy (NFE), which shipped the cargo from its Fast LNG 1 project, an offshore development.
• The shipment marks a milestone in Mexico's energy sector, as it becomes a potential exporter of natural gas in a global market.

The shipment is significant as Mexico has traditionally been a net importer of natural gas. Developing its own LNG export facility could boost the country's energy independence and provide a new source of revenue.

NFE's Fast LNG 1 project is located in the Gulf of Mexico, off the coast of Altamira, Tamaulipas. The project consists of a floating liquefaction vessel (FLNG) that can produce up to 1.4 million tonnes of LNG per year.

The U.S. Energy Information Administration (EIA) has reported that Mexico has the potential to become a major LNG exporter, with reserves of natural gas estimated at 13.1 trillion cubic meters. The development of LNG export facilities could help the country tap into this potential.

The shipment of the first cargo from Mexico's first LNG export facility is a positive step for the country's energy sector and could have significant implications for the global LNG market.