Saturday, February 4 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Gas News
Today's News
Yesterday's News
Week of Jan 30
Week of Jan 23
Week of Jan 16
Week of Jan 09
Week of Jan 02
By Topic
By News Partner
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Gas News > News Article

    Share by Email E-mail Printer Friendly Print

    New Fortress Energy and Mexican Government go for liquefied natural gas project in Lakach

    November 17, 2022 - Pool CEO


      US-based New Fortress Energy and the Mexican government will sign an agreement next week to develop a liquefied natural gas (LNG) project in the Lakach offshore gas field.

      According to Christopher Giunta, CFO of New Fortress Energy, the LNG facility is expected to complete construction in April 2024, to be located in the country during the second quarter of that year.

      At the beginning of July it was announced that Petróleos Mexicanos (Pemex) would reactivate the Lakach project, after having been suspended due to the lack of profitability of the state-owned company, together with the North American company with an investment of 1.5 billion dollars.

      In this sense, the director of the oil company, Octavio Romero Oropeza, explained that the reactivation of the project, which was stopped for six years, will guarantee the country's energy self-sufficiency.

      Read more: CNH approves Pemex's plan to develop Lakach after modifications

      Alliance to put an end to blackouts

      Just last month the Federal Electricity Commission (CFE) also announced a strategic alliance with New Fortress Energy, with the objective of putting an end to the constant blackouts that have been affecting Baja California Sur since 2019.

      Manuel Bartlett Díaz, CFE's CEO, announced the purchase of part of the Aumanet Turbogas Power Plant, for which 180 million dollars were paid, according to President Andrés Manuel López Obrador.

      AMLO assured that the acquisition of the facilities will guarantee the supply of electricity for the region for the next 8 years.

      The CFE highlighted that it will reduce the carbon footprint by more than 400,000 tons of CO2 per year, in addition to generating thousands of jobs and estimated income of more than 4 billion dollars for the company.


    Other Articles - Generation


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.