Page 7 - LatAmOil Week 44 2022

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NFE operates an LNG regasification facility in Baja California Sur (Image: NFE)
The third agreement calls for the construction afterward, the company said.
of a floating LNG (FLNG) facility off the coast Wes Edens, the chairman and CEO of
of Altamira, a port in the Gulf of Mexico off the NFE, expressed satisfaction with his compa-
coast of Tamaulipas State. ny’s relationship with CFE and indicated that
CFE is slated to supply feedstock for the facil- he expected to hold further discussions with
ity, using spare capacity in the underutilised the Mexican president in the near future. “We
Sur de Texas-Tuxpan pipelines to deliver gas are pleased to complete these agreements and
imported from the US to the vessel. expand our strategic alliance with CFE, which
The Altamira complex will consist of at least we expect to result in the delivery of our first
two FLNG vessels with a production capacity of FLNG unit by mid-2023 and enable the con-
1.4mn tonnes per year (tpy) each. NFE said in struction of a new LNG hub off the coast of
its press release that the first of these units was Altamira,” he stated. “I look forward to seeing
already under construction at the Kiewit Off- President López Obrador next week, appreciate
shore Services Shipyard near Corpus Christi, his continued support and value the opportunity
Texas. The vessel is slated to reach the stage to demonstrate our commitment to producing
of mechanical completion in March of next cleaner, cheaper and more reliable energy for
year and will be delivered to Altamira shortly Mexico and the world.” ™

TRINIDAD & TOBAGO
Finance minister reports Trinidad and

Tobago’s oil and gas tax revenues up

COLM Imbert, Finance Minister of Trinidad of TTD3.1bn ($415.41mn), Imbert noted at an
and Tobago, said on October 26 that the govern- event hosted by the Energy Chamber of Trini-
ment had collected far more tax revenue from dad and Tobago.
the oil and gas industry than projected during It anticipated that this figure would rise as
Fiscal Year 2022, which came to an end of Sep- the global economy continued to recover from
tember 30. the coronavirus (COVID-19) pandemic, he
The Finance Ministry had originally pro- explained, but the increase was greater than
jected that the sector would generate some expected, he said.
TTD5.53bn ($812.39mn) in tax revenues in FY In practice, he noted, Port of Spain ended up
2022, up by nearly 78.4% on the FY 2021 figure overshooting its target by almost 89%.

Week 44 02•November•2022 www. NEWSBASE .com P7