ELECTION OF DONALD TRUMP AS U.S PRESIDENT COULD LEAD TO MORE LNG PRODUCED AND LOWER PRICES THAT WILL BENEFIT NFE, SAYS CHAIRMAN EDENS
HOUSTON, Nov 7 (Reuters) -Energy infrastructure company New Fortress Energy NFE.O expects slightly lower liquefied natural gas (LNG) volumes in fourth quarter 2024, Chairman Wesley Edens said.
NFE's floating LNG facility offshore Mexico completed its commissioning process and was operating at 105% of its nameplate capacity. The company has started looking at plans to debottleneck the facility which could add between 3% and 10% more capacity, Edens told an earnings call on Thursday.
NFE sold its fourth LNG cargo on Thursday, Edens said.
Reporting by Curtis Williams in Houston. Editing by Jane Merriman
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