|
New York - March 17, 2025 New Fortress Energy Inc. (NASDAQ: NFE) ("NFE") announced that it has amended the extension of its 80 TBtu islandwide gas supply contract with the Puerto Rico Electric Power Authority ("PREPA") to a term of 100 days. Previously, we announced that the islandwide gas supply contract was to be extended for one year. The revised 100-day extension provides a bridge period to facilitate an open request for proposals ("RFP") for updated terms and duration of the gas supply contract. "The 100-day extension allows an adequate period for an RFP for a new gas contract with appropriate duration and terms to best serve Puerto Rico's energy security needs at the lowest possible cost," said Wes Edens, Chairman and CEO of New Fortress Energy. New Fortress Energy remains committed to providing Puerto Rico with reliable, affordable, and cleaner energy. About New Fortress Energy Inc. New 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. New Fortress Energy Inc. - press release
|