New Fortress secures USD 700 million loan for second FLNG unit

New Fortress Energy announces the closing of a $700 million loan to finance its second FLNG unit, developed in partnership with Comisión Federal de Electricidad in Mexico.

Share:

financement de 700 millions FLNG

New Fortress Energy secures a $700 million loan to build its second floating liquefied natural gas (FLNG) unit. Following the success of its first FLNG unit, now operational, the company is preparing to develop FLNG 2 in partnership with Mexico’s Comisión Federal de Electricidad (CFE).
The new unit will be located in Altamira, using CFE’s existing onshore infrastructure.
The financing will enable FLNG 2 to be built using the modular technology used for FLNG 1.
Commissioning of the new unit is scheduled for the first half of 2026.
At the same time, FLNG 1 is ready to deliver its first cargo in August.

Strategic partnership with Comisión Federal de Electricidad

The FLNG 2 project benefits from collaboration with the Comisión Federal de Electricidad, using the terminal infrastructure at Altamira.
The aim of this cooperation is to reduce costs and construction times for the new FLNG unit.
Modular technology ensures rapid and efficient construction, optimizing available resources.
This partnership is part of New Fortress Energy ‘s strategy to strengthen its position in the liquefied natural gas (LNG) sector. With this expansion, the company is responding to the growing demand for clean energy solutions while supporting energy transition objectives.

Impact and outlook

New Fortress Energy plays an important role in the global energy sector thanks to its FLNG infrastructure.
LNG production units, combined with a fleet of ships and logistics assets, enable the company to provide integrated, efficient energy solutions.
This expansion contributes to global energy security, economic growth and environmental stewardship.
The investment in FLNG 2 marks a significant step forward for the company, underlining its commitment to innovation and sustainability.
Current projects aim not only to improve operational efficiency but also to transform local communities by providing reliable, clean energy.
The partnership with CFE and the secured financing for FLNG 2 demonstrate New Fortress Energy’s ability to manage large-scale projects and strengthen its position in a rapidly evolving sector.
These developments reflect the solidity of the company’s expansion strategy and its key role in the global energy transition.

Solar power generation increased sharply in the United States in June, significantly reducing natural gas consumption in the power sector, despite relatively stable overall electricity demand.
Golden Pass LNG, jointly owned by Exxon Mobil and QatarEnergy, has asked US authorities for permission to re-export liquefied natural gas starting October 1, anticipating the imminent launch of its operations in Texas.
Delfin Midstream reserves gas turbine manufacturing capacity with Siemens Energy and initiates an early works programme with Samsung Heavy Industries, ahead of its anticipated final investment decision in the autumn.
Norwegian group DNO ASA signs gas offtake contract with ENGIE and secures USD 500 million financing from a major US bank to guarantee future revenues from its Norwegian gas production.
Golar LNG Limited has completed a private placement of $575mn in convertible bonds due in 2030, using part of the proceeds to repurchase and cancel 2.5 million of its own common shares, thus reducing its share capital.
Shell Canada Energy announces shipment of the first liquefied natural gas cargo from its LNG Canada complex, located in Kitimat, British Columbia, primarily targeting fast-growing Asian economic and energy markets.
The Australian government is considering the establishment of an east coast gas reservation as part of a sweeping review of market rules to ensure supply, with risks of shortages signalled by 2028.
The increase in oil drilling, deepwater exploration, and chemical advances are expected to raise the global drilling fluids market to $10.7bn by 2032, according to Meticulous Research.
The small-scale liquefied natural gas market is forecast to grow at an annual rate of 7.5%, reaching an estimated total value of $31.78bn by 2030, driven particularly by maritime and heavy-duty road transport sectors.
The European Union extends gas storage regulations by two years, requiring member states to maintain a minimum fill rate of 90% to ensure energy security and economic stability amid market uncertainties.
Energy Transfer strengthens its partnership with Chevron by increasing their liquefied natural gas supply agreement by 50% from the upcoming Lake Charles LNG export terminal, strategically aiming for long-term supply security.
Woodside finalises the divestment of a 40% stake in the Louisiana LNG project to Stonepeak, injecting $5.7 billion to accelerate developments and optimise financial returns ahead of first gas delivery scheduled in 2026.
Keranic Industrial Gas seals a sixty-day exclusivity deal to buy Royal Helium’s key assets, raise CAD9.5mn ($7.0mn) and bring Alberta’s Steveville plant back online in under fifteen weeks.
The Irish-Portuguese company Fusion Fuel strengthens its footprint in the United Arab Emirates as subsidiary Al Shola Gas adds AED4.4 mn ($1.2 mn) in new engineering contracts, consolidating an already robust 2025 order book.
Cheniere Energy validates major investment to expand Corpus Christi terminal, adding two liquefaction units to increase its liquefied natural gas export capacity by 2029, responding to recent international agreements.
A study by the International Energy Agency reveals that global emissions from liquefied natural gas could be significantly reduced using current technologies.
Europe is injecting natural gas into underground storage facilities at a three-year high, even as reserves remain below historical averages, prompting maximized imports of liquefied natural gas (LNG).
South Korea abandons plans to lower electricity rates this summer, fearing disruptions in liquefied natural gas supply due to escalating geopolitical tensions in the Middle East, despite recent declines in fuel import costs.
Russia positions itself to supply liquefied natural gas to Mexico and considers expanded technological sharing in the energy sector, according to Russian Energy Minister Sergey Tsivilyov.
Israel has partially resumed its natural gas exports to Egypt and Jordan following a week-long halt due to the closure of two major offshore gas fields, Leviathan and Karish.