U.S. Customs and Border Protection (CBP) rulings on Jones Act compliance are always controversial, but New York, N.Y., headquartered New Fortress Energy Inc. (NASDAQ: NFE) has welcomed a CBP ruling confirming that the transportation of LNG produced at the company’s Altamira Fast FLNG facility, located offshore Altamira, Mexico, by non-U.S. qualified vessels would not violate the Jones Act.
As a result of the CBP ruling, says New Fortress, it is now able to sell and deliver LNG produced at the...