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New Fortress secures $700 million loan for 2nd LNG system in Mexico

U.S. energy infrastructure business New Fortress Energy stated on Tuesday it closed a. $ 700 million loan for its second liquefied gas. production unit at its Quick LNG project in Altamira, Mexico.

The business said the second liquefaction unit will be. established in collaboration with Mexico's utility Comision Federal. de Electricidad utilizing an onshore terminal currently in place.

The business anticipate to invest $1.3 billion in the Altamira. center, which will turn U.S. and Mexican gas into approximately 1.4 million. loads each year of LNG for export when completely functional.

The FLNG project had its first output previously this month in. the first floating system and now expects to deliver the first freight. in August, which will be Mexico's first export of LNG, and enter. complete production thereafter, the business said in a release.

The second system will incorporate the same proprietary. modular technology as the very first, and is expected to finish. building and construction in the very first half of 2026, NFE stated.

Our FLNG complex is advancing at a fast rate as we have. now produced LNG at our first system, and fully financed our. second, said Wes Edens, NFE's chairman and CEO, in the release.

(source: Reuters)