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
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
9 March 2026
Energy sanctions are becoming an increasingly prominent tool of US foreign policy, with the country’s growth in oil and gas production allowing it to impose pressure on rivals without jeopardising its own energy security or that of its allies, argues Matthew McManus, a visiting fellow at the National Center for Energy Analytics
6 March 2026
The March 2026 issue of Petroleum Economist is out now!
6 March 2026
After Europe’s rapid buildout of floating LNG import capacity, Exmar CEO Carl-Antoine Saverys says future growth in floating gas infrastructure will increasingly be driven by developing markets as lower prices, rising energy demand and the need to replace coal unlock new opportunities for unconventional and tailor-made solutions
