New Fortress Energy builds US$184 million liquefied natural gas terminal in Baja California Sur
U.S. energy infrastructure developer New Fortress Energy (NFE) announced that it was awarded a long-term contract for the development, construction and operation of a terminal dedicated to the import of liquefied natural gas (LNG) in the port of Pichilingue, Baja California Sur.
This contract was the result of offering the best proposal in the public tender carried out by the Port Authority of Baja California Sur (APIBCS), which awarded the project to NFE on July 19. The project will represent private investment of US$184 million could start up in 2020.
The terminal will introduce a natural gas supply to Baja California Sur for the first time, allowing power plants to lower the energy cost by up to 30%, which will greatly benefit the hotel sector, one of the main industries of the state.