Nasdaq-listed NFE has just launched its new floating LNG export terminal off the coast of Altamira, Mexico, not far from Tampico. This terminal, named FLNG1, processes natural gas that starts in Texas, travels down the Valley Crossing Pipeline, and continues south via the Sur de Texas-Tuxpan pipeline before being liquefied. The terminal uses NFE's "Fast LNG" design, which features offshore platforms for natural gas liquefaction. According to NFE, the process begins at a shipyard where modular liquefaction units are built. The liquefied natural gas (LNG) is then moved from the facility to a floating storage unit (FSU), which is more cost-effective, quicker, and environmentally friendly compared to land-based storage. Finally, when the LNG is ready, it is transferred from the FSU to an LNG tanker for shipment.