LNG developer New Fortress Energy (NFE.O) is planning to begin production at the 1.4-million-tons-per-year floating plant off the coast of Altamira, Mexico, in the coming weeks. The first of three rigs that will compose the floating LNG facility arrived in Mexican waters in late August. Two additional floating LNG plants are under construction, with operations startup planned for 2025. A total of nine onshore and floating LNG production facilities are planned for Mexico's Gulf and Pacific coasts, mostly to process U.S. gas. New Fortress in 2021 bought oil rigs from Maersk Drilling to convert them into floating LNG plants.

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Persons: Christopher Guinta, Arathy Somesakhar, Marianna Parraga, Timothy Gardner Organizations: U.S . Coast Guard, New Fortress Energy, Kiewit Offshore Services, Coast Guard, New, New Fortress, CFE, U.S . Department of Energy, Drilling, Thomson Locations: Texas, Altamira, Mexico, Ingleside , Texas, Mexico's, U.S, Gulf, Pacific, Ukraine, Brazil