Wes Edens is the Chairman and CEO of New Fortress Energy (NFE), a US-based company. The NFE invests in the production of natural gas. New Fortress Energy is a top leader in the energy and infrastructure fields as it ensures the provision of reliable power.
The NFE developed an energy hub that was effected by signing a memorandum of understanding with Mauritania that would consist of power, gas, blue ammonia, and LNG. The initial goal for NFE is to use fast LNG technology to supply gas to existing 180MW Somolec plants and a new 120MW plant.
According to Wes Edens, using the fast Lng to produce liquefied gas will accelerate the global transition to cleaner fuels. The supply of natural gas and power will be economically reliable. It will support the development of industries by reducing emissions and pollution and the economic growth of the country. With the help of NFE, Mauritania can top in the exportation of blue ammonia and clean LNG.
Fast LNG is achieved by pairing modular jack-up rigs with mid-sized liquefaction units or other floating infrastructure. This process leads to production being at a lower cost and faster development.
In March, the NFE declared the fast LNG plan their Final Investment Decision. The 1.4 million tonnes per year facility, according to Wes Eden, would allow for the production of LNG at the cost of $3-4 per mmBtu. Therefore, the LNG scheme will be operational in the next eight months.
In 2012, Tullow set out plans to produce power in Banda, which was expected to hold 1.2 trillion cubic feet of gas. Later on, in 2020, the government gave the contract to Maersk Decom. Together with the island innovator, Maersk has decided to start the fourth quarter of the operation in 2022. The oil, metal, and energy ministry plans to secure the supply field of gas from Banda by 2024.