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Veracruz, Mexico
Mexico Gas FLNG
Simon Ferrie
30 November 2022
Follow @PetroleumEcon
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Mexico aims for Atlantic Basin FLNG success

Rapid development of significant GoM gas deposit may yet be outpaced by a quicker pipeline solution

Nasdaq-listed New Fortress Energy (NFE) has finalised agreements with Mexican NOC Pemex to develop the Lakach gas field as a fast-tracked floating liquefaction (FLNG) plant off the coast of Veracruz in southeastern Mexico. But it may not even be NFE’s first Mexican east coast FLNG project to contribute additional volumes into the Atlantic basin. Lakach production is set to start in the first quarter of 2024 and reach a plateau of 300mn ft³/d (8.5mn m³/d) for ten years. With reserves of c.900bn ft³, the deepwater field is “one of the largest non-associated gas fields in the Gulf of Mexico”, according to NFE. There is also the potential for expansion tying in the nearby Kunah and Piklis fields

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Owing to social, political and geographical factors, Canadian LNG projects are a complex proposition versus competing facilities on the US Gulf of Mexico.
India’s Nayara fallout
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The EU’s Russia sanctions could have far-reaching implications for India’s Vadinar-based refinery
Power of Siberia 2: deal or no deal?
29 July 2025
There is a good strategic case for China to sign a deal for gas supplies via the proposed Power of Siberia 2 pipeline, but Beijing’s concerns over over-dependency on a single supplier and desire to drive down the price make it relatively unlikely that a contract will be finalised this year.
An end to EU green illusions
29 July 2025
EU industry and politicians are pushing back against the bloc’s green agenda. Meanwhile, Brussels’ transatlantic trade deal with Washington could consolidate US energy dominance.

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