New Fortress Energy Inc. announced the execution of a Memorandum of Understanding (MoU) with the Islamic Republic of Mauritania for the development of an Energy Hub, including natural gas, power, liquefied natural gas (LNG) and blue ammonia, utilizing existing offshore gas reserves off the coast of Mauritania. Under the MoU, NFE will deploy its innovative “Fast LNG” liquefaction technology to produce LNG in the Atlantic coastal basin offshore Mauritania for local gas and power markets as well as international exports. NFE will supply natural gas to both the existing 180MW Somolec Power Plant and a new 120MW combined cycle power plant that will be developed.
NFE’s “Fast LNG” liquefaction design pairs the latest advancements in modular, midsize liquefaction technology with jack-up rigs or similar floating infrastructure to enable a much lower cost and faster deployment schedule than the current floating liquefaction vessels. NFE is in advanced discussions for the deployment of this technology in several other markets around the world, including offshore United States.
The natural gas production and power infrastructure in Mauritania will support industrial development and reduce emissions and pollution by providing a cleaner, affordable and reliable alternative to oil-based fuels.
