Page 7 - LatAmOil Week 09 2023

LatAmOil MEXICO LatAmOil

NFE is planning to install Fast LNG units off the coast of Altamira and at the Lakach gas field (Image: NFE)
NFE is expected to source gas for the vessels initial plans, as NFE had originally hoped to
from the US, taking advantage of spare capacity finish construction on the first FLNG unit in
on the 2.6bn cubic feet (74.6mn cubic metres-) March.
per day Sur de Texas-Tuxpan pipeline. The The two FLNG units to be installed offshore
FLNG units will liquefy the gas for re-export. Altamira are among the five FLNG units NFE
Upon completion of construction slated for is developing. The company also plans to install
May, the first FLNG unit will then set sail in June one unit at Lakach, an offshore field operated by
for Altamira, with first LNG achieved in July. It the the national oil company (NOC) Pemex in
is then expected to begin commercial service in the Gulf of Mexico about 90 km from the Port
August. of Veracruz in south-eastern Mexico. NFE also
“We’re less than 100 days away from our first plans to install two units offshore Louisiana.
FLNG setting sale to its home in Altamira, Mex- “As we add liquefaction capacity and cor-
ico,” said NFE’s CFO Christopher Guinta during responding LNG supply to our portfolio, we
the company’s fourth quarter 2022 earnings call. intend to sign long-term customer offtake
“With construction nearing completion, we’re agreements that generate strong operating
focused on installation, commissioning and margins and sustainable cash flows,” company
operational readiness,” he added. management said during the fourth-quarter
The current timeline marks a delay from earnings call. ™

Pemex fails to uphold pledge to

halt gas flaring at Ixachi field

MEXICO’S national oil company (NOC) Pemex continued but had increased in scale.
has failed to uphold the commitment it made The news agency said on February 28 that
late last year to stop flaring at Ixachi, one of the an estimated 1.3bn cubic feet (36.81mn cubic
country’s major natural gas fields, by mid-Janu- metres) of gas from Ixachi had been burned
ary of 2023, according to a report from Reuters. off in four flares at the Papan and Perdiz plants
The state-owned company had pledged to in January, up from 1 bcf (28.32 mcm) in
halt flaring at Ixachi, which is located in Vera- November.
cruz State, after coming under mounting envi- Flaring emits harmful greenhouse gases
ronmental pressure. However, satellite data (GHG) and wastes a valuable resource that
analysed by Reuters and a visit by reporters to could help the country reduce its dependence
the site indicated that gas flaring had not only on gas imported from the US.

Week 09 01•March•2023 www. NEWSBASE .com P7