New Fortress Energy has executed a Memorandum of Understanding (MOU) with the Islamic Republic of Mauritania for the development of an Energy Hub, including natural gas, power, liquefied natural gas (LNG) and blue ammonia, utilizing existing offshore gas reserves off the coast of Mauritania.<\/p>\n
Under the MOU, NFE will deploy its innovative \u201cFast LNG\u201d liquefaction technology to produce LNG in the\u00a0Atlantic\u00a0coastal basin offshore\u00a0Mauritania\u00a0for local gas and power markets as well as international exports. NFE will supply natural gas to both the existing 180MW Somolec Power Plant and a new 120MW combined cycle power plant that will be developed.<\/p>\n
\u201cThe production of liquefied natural gas from these fields with our innovative Fast LNG liquefiers will help accelerate the global transition to cleaner fuels,\u201d said\u00a0Wes Edens, Chairman and CEO of NFE. \u201cSupply of natural gas and modern power infrastructure will also help bring more affordable, reliable and cleaner power to support industrial development and sustainable economic growth in\u00a0Mauritania\u00a0and, at the same time, unlock the country\u2019s potential to be a top exporter of clean LNG and blue ammonia.\u201d<\/p>\n
NFE\u2019s \u201cFast LNG\u201d liquefaction design pairs the latest advancements in modular, midsize liquefaction technology with jack-up rigs or similar floating infrastructure to enable a much lower cost and faster deployment schedule than today\u2019s floating liquefaction vessels. NFE is in advanced discussions for the deployment of this technology in several other markets around the world, including the offshore United States.<\/p>\n
The natural gas production and power infrastructure in\u00a0Mauritania\u00a0will support industrial development and reduce emissions and pollution by providing a cleaner, affordable and reliable alternative to oil-based fuels.<\/p>\n
The MOU is non-binding on the parties and the actual terms of any future definitive agreement may differ from the terms of the MOU.<\/p>\n","protected":false},"excerpt":{"rendered":"