"First LNG represents a transformative moment for our company and the industry as a whole, reaffirming our position as a fully integrated leader in the global LNG market," said Wes Edens, NFE chief executive.
Fast LNG pairs modular liquefaction technology with jack-up rigs or similar offshore infrastructure, enabling a faster deployment schedule than traditional liquefaction facilities, the company claimed.
With a production capacity of 1.4 million tonnes per annum, Fast LNG completes the vertical integration of NFE’s LNG portfolio and will play a pivotal role in supplying low-cost, clean LNG to the company’s downstream terminal customers, it said.
This addition of Fast LNG brings more than $2 billion of infrastructure to NFE’s asset base, significantly enhancing its operational capabilities, financial flexibility and credit profile, the company added.
