New Fortress Energy Inc. announced on Jan. 29 that it received a ruling from U.S. Customs and Border Protection that the LNG produced at the company’s FLNG facility offshore Altamira, Mexico, and transported via non-U.S. qualified vessels would not violate the Jones Act.
The Jones Act requires goods shipped between U.S. ports to be transported on ships built, owned and operated by U.S. citizens or permanent residents.
Following the ruling, New Fortress can sell and deliver LNG produced at its FLNG facility offshore Mexico to U.S. locations, including Puerto Rico—a key downstream market for New Fortress, the company said in its press release.
“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,” said Wes Edens, chairman and CEO of New Fortress Energy.
Recommended Reading
E&P Highlights: March 11, 2024
2024-03-11 - Here’s a roundup of the latest E&P headlines, including a new bid round offshore Bangladesh and new contract awards.
The Need for Speed in Oil, Gas Operations
2024-03-22 - NobleAI uses “science-based AI” to improve operator decision making and speed up oil and gas developments.
CNOOC Makes 100 MMton Oilfield Discovery in Bohai Sea
2024-03-18 - CNOOC said the Qinhuangdao 27-3 oilfield has been tested to produce approximately 742 bbl/d of oil from a single well.
CNOOC Finds Light Crude at Kaiping South Field
2024-03-07 - The deepwater Kaiping South Field in the South China Sea holds at least 100 MMtons of oil equivalent.
US Drillers Cut Oil, Gas Rigs for Second Time in Three Weeks
2024-02-16 - Baker Hughes said U.S. oil rigs fell two to 497 this week, while gas rigs were unchanged at 121.