[ACCI-CAVIE] Gas-to-power developer New Fortress Energy (NFE) will develop an energy hub, including natural gas, power, LNG, and blue ammonia, using existing offshore gas reserves off the coast of Mauritania.
The U.S. company signed a memorandum of understanding (MoU) with the Islamic Republic of Mauritania.
Under the MoU, NFE will deploy its “Fast LNG” technology to produce LNG in the Atlantic coastal basin offshore Mauritania. LNG will specifically be used for local gas and power markets as well as international exports.
The “Fast LNG” liquefaction pairs the latest liquefaction technologies with jack-up rigs or similar floating infrastructure. This enables a much lower cost and faster deployment schedule than today’s floating liquefaction vessels.
In addition, NFE will supply natural gas to both the Somolec Power Plant and a new combined cycle power plant.
“The production of LNG from these fields with our innovative Fast LNG liquefiers will help accelerate the global transition to cleaner fuels,” said Wes Edens, CEO of NFE. “Supply of natural gas and modern power infrastructure will also help bring more affordable, reliable and cleaner power to support industrial development and sustainable economic growth in Mauritania and, at the same time, unlock the country’s potential to be a top exporter of clean LNG and blue ammonia.” This will reduce emissions in Mauritania by providing a cleaner and affordable alternative to oil-based fuels.
NFE is also in discussions for the deployment of this tech in several other markets, including offshore U.S.
The MoU is non-binding on the parties; the actual terms of any future definitive agreement may differ from the terms of the MoU.
By Sanja Pekic