New Fortress Energy Inc. announced on Jan. 29 that it received a ruling from U.S. Customs and Border Protection that the LNG produced at the company’s FLNG facility offshore Altamira, Mexico, and transported via non-U.S. qualified vessels would not violate the Jones Act.
The Jones Act requires goods shipped between U.S. ports to be transported on ships built, owned and operated by U.S. citizens or permanent residents.
Following the ruling, New Fortress can sell and deliver LNG produced at its FLNG facility offshore Mexico to U.S. locations, including Puerto Rico—a key downstream market for New Fortress, the company said in its press release.
“We are extremely pleased to receive this ruling for our FLNG facility since it not only supports one of the company’s largest projects but also supports the people of Puerto Rico,” said Wes Edens, chairman and CEO of New Fortress Energy.
Recommended Reading
Yellen Expects Further Sanctions on Iran, Oil Exports Possible Target
2024-04-16 - U.S. Treasury Secretary Janet Yellen intends to hit Iran with new sanctions in coming days due to its unprecedented attack on Israel.
The Jones Act: An Old Law on a Voyage to Nowhere
2024-04-12 - Keeping up with the Jones Act is a burden for the energy industry, but efforts to repeal the 104-year-old law may be dead in the water.
Kinder Morgan Exec: Building Pipelines ‘Challenging, but Manageable’
2024-04-05 - Allen Fore, vice president of public affairs for Kinder Morgan, said building anything, from a new road to an ice cream shop, can be tough but dealing with stakeholders up front can move projects along.
FERC Again Approves TC Energy Pipeline Expansion in Northwest US
2024-04-19 - The Federal Energy Regulatory Commission shot down opposition by environmental groups and states to stay TC Energy’s $75 million project.
Williams Cos. Blasts Energy Transfer’s FERC Filing
2024-05-15 - In response to Energy Transfer, Williams says the rival’s action is “lawfare” to delay the company’s Louisiana Energy Gateway project.