New Fortress Energy, a global energy infrastructure company founded to address energy poverty and accelerate the world’s transition to reliable, affordable and clean energy, has closed its previously announced $700 million loan for its second floating liquefied natural gas (FLNG) unit, FLNG 2.
After successfully producing LNG at its first FLNG unit (FLNG 1), the company expects to deliver its first cargo in August at FLNG 1 and enter full production thereafter.
The new loan will fully fund the construction of FLNG 2, which will be developed in partnership with Comisión Federal de Electricidad (CFE), the state-owned electric utility of Mexico, utilizing its extensive in-place terminal infrastructure onshore in Altamira, Mexico. The new liquefaction unit will incorporate the same proprietary modular technology as FLNG 1 and is expected to complete construction in the first half of 2026.
“Our FLNG complex is advancing at a rapid pace, as we have now produced L
