New Fortress Energy Receives Puerto Rico Approval For 7-Year Gas Supply Agreement
Benzinga Newsdesk 11 months ago
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New Fortress Energy Inc. (NASDAQ: NFE) (the "Company") today received final approval for a 7-year Gas Supply Agreement from the Financial Oversight and Management Board for Puerto Rico. The contract secures the delivery
New Fortress Energy Inc. (NASDAQ: NFE) (the "Company") today received final approval for a 7-year Gas Supply Agreement from the Financial Oversight and Management Board for Puerto Rico. The contract secures the delivery of approximately 75 TBtu of natural gas to support the island's ongoing energy transformation initiatives.
Under the terms of the agreement, NFE will supply reliable, lower-emission natural gas to help enhance grid stability and support cleaner power generation across Puerto Rico's energy system. The long-term arrangement builds on NFE's established presence in Puerto Rico and reflects a shared commitment to improving energy resilience throughout the region.