STOCK TITAN

Fast LNG Asset Resumes Production After Scheduled Maintenance Outage

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Negative)
Tags

New Fortress Energy Inc. (NFE) has announced the successful completion of scheduled maintenance for its 1.4 MTPA Fast LNG 1 asset located offshore Altamira, Mexico. The FLNG unit has resumed production as planned, following its first LNG cargo milestone on August 9th. The company expects the FLNG 1 unit to continue its production ramp and reach full production later this month. This development marks a significant step in NFE's operational efficiency and production capabilities in the LNG market.

New Fortress Energy Inc. (NFE) ha annunciato il completamento con successo della manutenzione programmata per il suo asset Fast LNG 1 da 1,4 MTPA situato al largo di Altamira, Messico. L'unità FLNG ha ripreso la produzione come previsto, dopo il suo primo traguardo di carico di GNL del 9 agosto. L'azienda si aspetta che l'unità FLNG 1 continui la sua crescita produttiva e raggiunga la piena produzione entro la fine di questo mese. Questo sviluppo segna un passo significativo nell'efficienza operativa e nelle capacità produttive di NFE nel mercato del GNL.

New Fortress Energy Inc. (NFE) ha anunciado la finalización exitosa del mantenimiento programado para su activo Fast LNG 1 de 1.4 MTPA ubicado frente a la costa de Altamira, México. La unidad FLNG ha reanudado la producción según lo planeado, después de su primer hito de carga de GNL el 9 de agosto. La empresa espera que la unidad FLNG 1 continúe su aumento en la producción y alcance la producción total a finales de este mes. Este avance marca un paso significativo en la eficiencia operativa y las capacidades de producción de NFE en el mercado de GNL.

New Fortress Energy Inc. (NFE)는 멕시코 알타미라 해안에 위치한 1.4 MTPA Fast LNG 1 자산의 유지보수를 성공적으로 완료했다고 발표했습니다. FLNG 유닛은 예정대로 생산을 재개했습니다, 8월 9일 첫 LNG 화물 이정표를 달성한 후. 회사는 FLNG 1 유닛이 생산 증가를 계속할 것으로 기대하고 있으며 이번 달 말까지 완전 생산에 도달할 것으로 예상합니다. 이 발전은 LNG 시장에서 NFE의 운영 효율성과 생산 능력에 있어 중요한 단계입니다.

New Fortress Energy Inc. (NFE) a annoncé l'achèvement réussi de la maintenance programmée pour son actif Fast LNG 1 de 1,4 MTPA situé au large d'Altamira, au Mexique. L'unité FLNG a repris la production comme prévu, suite à son premier chargement de GNL le 9 août. L'entreprise s'attend à ce que l'unité FLNG 1 poursuive son augmentation de production et atteigne la pleine production d'ici la fin de ce mois. Ce développement représente une étape significative dans l'efficacité opérationnelle et les capacités de production de NFE sur le marché du GNL.

New Fortress Energy Inc. (NFE) hat den erfolgreichen Abschluss der planmäßigen Wartungsarbeiten für ihr 1,4 MTPA Fast LNG 1-Asset vor der Küste von Altamira, Mexiko, bekannt gegeben. Die FLNG-Einheit hat wie geplant die Produktion wieder aufgenommen, nach ihrem ersten LNG-Lieferziel am 9. August. Das Unternehmen erwartet, dass die FLNG 1-Einheit ihr Produktionswachstum fortsetzen und später in diesem Monat die volle Produktion erreichen wird. Diese Entwicklung markiert einen bedeutenden Schritt in der betrieblichen Effizienz und den Produktionskapazitäten von NFE im LNG-Markt.

Positive
  • Successful completion of scheduled maintenance on the 1.4 MTPA Fast LNG 1 asset
  • FLNG unit resumed production as scheduled
  • First LNG cargo milestone achieved on August 9th
  • Expected to reach full production capacity later this month
Negative
  • None.

NEW YORK--(BUSINESS WIRE)-- New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) is pleased to announce that the scheduled maintenance outage of our 1.4 MTPA Fast LNG 1 asset located offshore Altamira, Mexico (“FLNG”) has been completed, and the FLNG unit has returned to production as scheduled this morning.

This planned outage followed the significant milestone of our first LNG cargo which occurred on August 9th. The FLNG 1 unit is expected to continue its production ramp and will reach full production later this month.

About New Fortress Energy Inc.

New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to address energy poverty and accelerate the world’s transition to reliable, affordable, and clean energy. The Company owns and operates natural gas and liquefied natural gas (LNG) infrastructure and an integrated fleet of ships and logistics assets to rapidly deliver turnkey energy solutions to global markets. Collectively, the Company’s assets and operations reinforce global energy security, enable economic growth, enhance environmental stewardship and transform local industries and communities around the world.

Cautionary Language Regarding Forward-Looking Statements

This communication contains forward-looking statements. All statements contained in this communication other than historical information are forward-looking statements that involve known and unknown risks and relate to future events, our future financial performance or our projected business results. You can identify these forward-looking statements by the use of forward-looking words such as “expects,” “may,” “will,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative version of these terms or other comparable words. Forward looking statements include but are not limited to: expectations related to the first cargo and scheduled maintenance.

These forward-looking statements are necessarily estimates based upon current information and involve a number of risks, uncertainties and other factors, many of which are outside of the Company’s control. Actual results or events may differ materially from the results anticipated in these forward-looking statements. Specific factors that could cause actual results to differ from those in the forward-looking statements include, but are not limited to: failure to receive the expected fixed payments under our contracts, unknown and unforeseen risks related to the full commercial operation for our first LNG Asset, delays and schedule changes, high costs and expenses, and regulatory and legal challenges, among others; inability to operationalize our plans for the projects and derive the benefits expected; common risks related to successful integration of the businesses; nonpayment or nonperformance of obligations by the parties; inability to realize the anticipated benefits from the project or our partnerships; adverse regional, national, or international economic conditions, adverse capital market conditions and adverse political developments; business disruption following the transaction; and the impact of public health crises, such as pandemics and epidemics and any related company or government policies and actions to protect the health and safety of individuals or government policies or actions to maintain the functioning of national or global economies and markets. These factors are not necessarily all of the important factors that could cause actual results to differ materially from those expressed in any of NFE’s forward-looking statements. Other known or unpredictable factors could also have material adverse effects on future results.

Any forward-looking statement speaks only as of the date on which it is made, and we undertake no duty to update or revise these forward-looking statements, even though our situation may change in the future. New factors emerge from time to time, and it is not possible for the Company to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements included in NFE’s annual and quarterly reports filed with the Securities and Exchange Commission, which could cause its actual results to differ materially from those contained in any forward-looking statement.

Investors

Noah Kauppila

ir@newfortressenergy.com



Media

press@newfortressenergy.com

Source: New Fortress Energy Inc.

FAQ

When did New Fortress Energy's Fast LNG 1 asset resume production after maintenance?

New Fortress Energy's Fast LNG 1 asset resumed production as scheduled on the morning of the announcement, following the completion of its planned maintenance outage.

What is the production capacity of NFE's Fast LNG 1 asset offshore Altamira, Mexico?

The Fast LNG 1 asset located offshore Altamira, Mexico, has a production capacity of 1.4 MTPA (Million Tonnes Per Annum).

When did New Fortress Energy (NFE) achieve its first LNG cargo milestone?

New Fortress Energy (NFE) achieved its first LNG cargo milestone on August 9th, prior to the scheduled maintenance outage.

When is NFE's Fast LNG 1 unit expected to reach full production?

According to the announcement, NFE's Fast LNG 1 unit is expected to reach full production later in the same month as the maintenance completion.

New Fortress Energy Inc.

NASDAQ:NFE

NFE Rankings

NFE Latest News

NFE Stock Data

2.22B
205.07M
54.3%
63.9%
10.75%
Utilities - Regulated Gas
Natural Gas Distribution
Link
United States of America
NEW YORK