New Fortress Energy will separate its Brazilian operations into standalone BrazilCo as part of a UK restructuring plan slashing debt from $5.7B to $528M. New NFE emerges leaner; deal closes mid-2026.
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.
