New Fortress Energy receives approval for gas supply pact with Puerto Rico

New Fortress Energy (NFE) 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. “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 Gonzalez-Colon’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.”