New Fortress (NFE) Advances Construction of Second FLNG Unit

The company has successfully started liquefied natural gas (LNG) production at its first FLNG unit (FLNG 1). FLNG 1 is expected to deliver its first cargo in August 2024, and then enter full production. New Fortress deployed its proprietary Fast LNG solution in FLNG 1. The Fast LNG asset has a total production capacity of 1.4 million tons per annum (MTPA) or approximately 70 trillion British thermal units (TBtu). The new liquefaction facility is expected to implement the same proprietary technology that was ...