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
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
