New Fortress Energy Has Received Authorization From The U.S. DOE To Export Up To ~1.4M Tonnes Per Annum Of LNG To Non-Free Trade Agreement Countries From Its Fast LNG 1 Asset Located Offshore Altamira, Mexico For A Term Of 5-Years. Says FLNG 1 Asset Is Now Able To Export LNG To Markets And Customers Worldwide
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New Fortress Energy has received authorization from the U.S. Department of Energy to export up to 1.4 million tonnes per annum of LNG to non-Free Trade Agreement countries from its Fast LNG 1 asset in Mexico for five years. This expands their market reach globally.
September 03, 2024 | 3:33 pm
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New Fortress Energy has been authorized by the U.S. DOE to export LNG from its Fast LNG 1 asset in Mexico to non-FTA countries, enhancing its global market access.
The authorization allows NFE to expand its LNG exports to a broader range of countries, potentially increasing revenue and market presence. This regulatory approval is a significant step in enhancing NFE's global operations, likely leading to a positive short-term impact on its stock price.
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