Press release
New Fortress Energy Receives Approval for Milestone Agreement for Long-Term Gas Supply with Puerto Rican Government
NEW YORK--(BUSINESS WIRE)-- New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) today received final approval for a 7-year Gas Supply Agreement from the
About this update from New Fortress Energy Inc.
[{"type":"text","content":" NEW YORK--(BUSINESS WIRE)--\nNew 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.\n\nUnder 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.\n\n“This long-term partnership between Puerto Rico and NFE will greatly benefit the island,” said Wes Edens, Chairman and CEO of New Fortress Energy. “We greatly appreciate Governor González-Colón’s leadership and support during this process. Securing seven years of reliable gas supply is a major step forward for the island’s energy transition.”\n\nAbout New Fortress Energy Inc.\n\nNew Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to address energy poverty and accelerate the world’s transition to reliable, affordable, and clean energy. The Company owns and operates natural gas and liquefied natural gas (LNG) infrastructure and an integrated fleet of ships and logistics assets to rapidly deliver turnkey energy solutions to global markets. Collectively, the Company’s assets and operations reinforce global energy security, enable economic growth, enhance environmental stewardship and transform local industries and communities around the world.\n\nCautionary Statement Concerning Forward-Looking Statements\n\nThis press release contains certain statements and information that may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than historical information are forward-looking statements that involve known and unknown risks and relate to future events, our future financial performance or our projected business results. You can identify these forward-looking statements by the use of forward-looking words such as “expects,” “may,” “will,” “can,” “could,” “should,” “predicts,” “in...