NFE inks LNG supply deal for Mexican power plants

New Fortress Energy has signed a gas supply deal with CFEnergia SA de CV, a unit of Mexico’s Federal Electricity Commission (CFE).

Under the agreement, NFE will provide the equivalent of an estimated 250,000-500,000 gallons of LNG (20,000-40,000 MMBtu) per day to CFE’s CTG La Paz and CTG Baja California Sur power plants in Baja California Sur, Mexico.

“We are pleased to support CFE’s transition to cleaner, more affordable and reliable energy,” said Wes Edens, chairman and CEO of New Fortress Energy.

NFE will supply natural gas to the plant via the company’s liquefied natural gas (LNG) receiving and regasification terminal in the port of Pichilingue, Baja California Sur, Mexico.

The terminal is anticipated to be complete and begin the supply of natural gas to CFE in May.