Veracruz, Mexico
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
Also in this section
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
