New Fortress Energy Advances Construction of LNG Terminal in Mexico
Over the past months, marine work has been underway at the site of the terminal. With all the necessary permits obtained for onshore construction of the power plant, additional equipment, materials, and workers will be deployed to the site to expedite completion of the project.
“The BCS Government is in full readiness to achieve an energy transition that promotes new public and private investments in this sector, under a sustainability scheme that helps to avoid harming the environment," said Governor
The facility is being constructed with power generation to provide low-cost electricity and truck loading bays for the supply of LNG to local hotel and industrial customers.
“With the project well underway, we are closer to introducing more affordable and cleaner energy for Baja California Sur,” said New Fortress Chairman and CEO
LNG is an alternative source of clean and safe fuel that helps to improve energy efficiency, reduce costs and emissions over other fossil fuel sources. It also provides opportunities for job creation, training of a new, more specialized workforce, economic development and improved environmental management.
“The LNG terminal at
LNG is natural gas that under a cooling process reaches a liquid state at -161° C and is stored at atmospheric pressure. Cooling natural gas to its liquid state allows its transport in safe conditions throughout the world. LNG is one of the safest fuels to transport and to handle, as well as the cleanest available fossil fuel.
Cautionary Statement Concerning Forward-Looking Statements
Certain statements contained in this press release constitute “forward-looking statements” including the plans to advance construction for the LNG receiving and regasification terminal, plan to deploy additional equipment, materials and workers to the site, the completion of the project being expedited, the project’s role in contributing to a sustainability scheme, the project’s ability to provide low cost electricity and the specific components of and customers of the project, the project being a catalyst for energy diversification or economic development, LNG helping to improve energy efficiency, reduce costs and emissions, provide job opportunities and training of a specialized workforce and improve environmental management, and the expectation that the project will bring significant benefits to
Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, the Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for the Company to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the Company’s Annual Reports and Quarterly Reports filed with the