New Fortress Eyes $3 Billion Investments in Mexico
6/3/2022
(Reuters) — U.S. firm New Fortress Energy is considering various investments in Mexico's energy sector that could be worth $3 billion, President Andres Manuel Lopez Obrador said on Friday.
Lopez Obrador said the potential New Fortress projects included a liquefied natural gas (LNG) facility and mentioned by name the company's CEO Wes Edens.
"With this man alone, it's $3 billion," Lopez Obrador said as he made reference to energy investments in the country during a regular government news conference.
Lopez Obrador said in April that Mexico wants to build new gas liquefaction facilities to export surplus natural gas and was planning to put the plants out to tender.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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