NFE signs MOU with Mauritania for Fast LNG and gas-to-power project

New Fortress Energy Inc. (NFE) has signed a Memorandum of Understanding (MOU) with the Islamic Republic of Mauritania for the development of an Energy Hub, including natural gas, power, liquefied natural gas (LNG) and blue ammonia, utilizing existing offshore gas reserves off the coast of Mauritania.

Under the MOU, NFE will deploy its innovative Fast LNG liquefaction technology to produce LNG in the Atlantic coastal basin offshore Mauritania for local gas and power markets as well as international exports. NFE will supply natural gas to both the existing 180 MW Somolec Power Plant and a new 120 MW combined cycle power plant that will be developed.

The MOU is non-binding on the parties and actual terms of any future definitive agreement may differ from the terms of the MOU.