US DOE Grants LNG Export Permit for Altamira LNG, First Since Permitting 'Pause'

PUdaily | Updated: September 5, 2024

The US Department of Energy has issued a key LNG export permit for New Fortress' Altamira LNG project offshore Mexico's Gulf coast, marking the first such authorization by the agency since announcing its "pause" on the approvals in January, the company announced on Sept. 3.

The order issued Aug. 31 for the New Fortress project allows the exporter to ship LNG to countries that lack free trade agreements with the US. Non-FTA countries make up most the global LNG import market, making them critical for developers of large US export projects.

Source: S&P Global

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