Altamira LNG Outage Disrupts Mexican Exports and US Gas Demand

New Fortress Energy’s (NFE) Altamira LNG facility in Mexico has experienced an unexpected outage, halting operations at the country’s first operating export terminal. The disruption comes as the company navigates a broader restructuring of its business, which has impacted production schedules and supply chains.

At a glance, the outage has led to a significant drop in September exports, which fell to just 0.024 million tonnes (Mt). The company is targeting a fast restart of the facility by the fourth quarter of the year, though no specific date has been confirmed.

The outage has also widened the Agua Dulce basis discount, affecting natural gas pricing dynamics in the region. This development is likely to influence feedgas demand in the US, as traders and consumers adjust to the reduced supply from Mexico.

Jacob Dick, Senior Editor for LNG at Natural Gas Intelligence, has been tracking the situation closely. His insights highlight the broader implications for the LNG market, particularly in terms of supply chain disruptions and pricing volatility.