New Fortress Energy Jumps as Puerto Rico Regulator Approves LNG Deal
New Fortress Energy shares surged after Puerto Rico’s oversight board conditionally approved a $3.2B LNG supply deal for key power plants in San Juan and Palo Seco.
New Fortress Energy shares surged after Puerto Rico’s oversight board conditionally approved a $3.2B LNG supply deal for key power plants in San Juan and Palo Seco.
Puerto Rico signed a $4B, 7-year LNG deal with New Fortress Energy, boosting the firm's finances. The aim is to save money and protect Puerto Rico's energy supply. Federal approval is still needed for the contract.