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New Fortress Energy (NASDAQ: NFE) expects to sign an agreement next week with the Mexican government to develop a liquid gas project that is connected to the Lakach gas plant, CFO Christopher Guinta said on Wednesday.
Construction Lakach LNG, which would be the New Fortress’ (NFE) the third oil plant in Mexico, should be completed in April 2024 and commissioned in the middle of that year, the CFO told a gas conference in San Antonio, Reuters reported.
A $1.79B project by state-owned company Pemex to develop the abandoned Lakach liquefied natural gas project was approved by Mexico’s oil regulator last month.
New Fortress Energy’s (NFE) multiple reveals the company’s “sustainability and ability to deliver on current and future prospects,” writes SM Investor in a recent analysis posted on Seeking Alpha.
