New Fortress Energy to convert jack-up for LNG production
The all-in cost for the first Fast LNG unit is estimated at $500m, translating to a production cost deemed viable if the cargoes are sold at today's spot prices of above $6 per mmBtu
The company has sanctioned investment in the first of two production jack-ups, known as Fast LNG units. The first such unit is expected to be deployed by 2022