the american New Fortress Energy (NFE) will invest 1,500 million dollars in the gas project Lakach of Petróleos Mexicanos (Pemex) and hydrocarbon production is expected to start in the first quarter of 2024, the state oil company said on Monday.
The investment is part of a service contract signed by Pemex with New Fortress Energy to resume extraction work at Lakach, a deepwater natural gas field that had been abandoned, and will complement the $1.4 billion that the state had already invested in the project, the Mexican firm said in a statement.
“Lakach represents a reserve of around 900 billion cubic feet, which means an average production of 300 million cubic feet per day over a 10-year horizon,” Pemex said.
Also, Pemex will sell 190 million cubic feet of gas per day to New Fortress Energy, the text indicates. The rest of the production will be destined for consumption in Mexico.
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