New Fortress Energy Inc. has recently announced a significant development in their operations. The U.S. Customs and Border Protection has issued a ruling that confirms the transportation of liquefied natural gas produced at New Fortress Energy’s FLNG facility, located offshore Altamira, Mexico, by non-U.S. qualified vessels does not violate the Jones Act.
This ruling has opened up new opportunities for New Fortress Energy. They can now sell and deliver LNG produced at their FLNG facility to various locations in the United States, including Puerto Rico. Puerto Rico is a crucial downstream market for the company, making this ruling a significant milestone.
Wes Edens, Chairman and CEO of New Fortress Energy, expressed his enthusiasm regarding this ruling. He stated, “We are extremely pleased to receive this ruling for our FLNG facility since it not only supports one of the Company’s largest projects but also supports the people of Puerto Rico.”
With this ruling, New Fortress Energy can now expand its operations and contribute to the energy needs of Puerto Rico, while also benefiting the company’s overall growth strategy.
For more information visit www.newfortressenergy.com
