Veracruz, Mexico
Mexico aims for Atlantic Basin FLNG success
Rapid development of significant GoM gas deposit may yet be outpaced by a quicker pipeline solution
Nasdaq-listed New Fortress Energy (NFE) has finalised agreements with Mexican NOC Pemex to develop the Lakach gas field as a fast-tracked floating liquefaction (FLNG) plant off the coast of Veracruz in southeastern Mexico. But it may not even be NFE’s first Mexican east coast FLNG project to contribute additional volumes into the Atlantic basin. Lakach production is set to start in the first quarter of 2024 and reach a plateau of 300mn ft³/d (8.5mn m³/d) for ten years. With reserves of c.900bn ft³, the deepwater field is “one of the largest non-associated gas fields in the Gulf of Mexico”, according to NFE. There is also the potential for expansion tying in the nearby Kunah and Piklis fields
Also in this section
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
22 January 2026
As Saudi Arabia pushes mining as a new pillar of its economy, Saudi Aramco is positioning itself at the intersection of hydrocarbons, minerals and industrial policy
22 January 2026
New long-term deal is latest addition to country’s rapidly evolving supply portfolio as it eyes role as regional gas hub
