New Fortress Energy Inc (NASDAQ: NFE) has received final authorization for a seven-year Gas Supply Agreement from Puerto Rico’s Financial Oversight and Management Board. The agreement covers the delivery of approximately 75 TBtu of natural gas and supports the island’s long-term energy transition strategy.
The contract is intended to provide a stable, lower-emission fuel source to improve power generation reliability and reduce dependence on higher-carbon fuels. It also strengthens New Fortress Energy’s ongoing role in Puerto Rico’s energy infrastructure, where the company already supplies natural gas and LNG services.
“This agreement marks an important step forward for Puerto Rico,” said Wes Edens, Chairman and CEO of New Fortress Energy. “We appreciate the leadership and support of Governor González-Colón during this process. Securing a seven-year fuel supply is a major milestone in the island’s move toward a stronger and cleaner energy system.”
New Fortress Energy Inc is a global energy infrastructure company focused on expanding access to reliable, affordable, and cleaner energy. The company develops, owns, and operates natural gas and LNG assets, along with a logistics and marine fleet designed to deliver fully integrated energy solutions. Its portfolio supports energy security, economic development, and reduced environmental impact across multiple markets worldwide. New Fortress Energy (NFE) is a global energy-infrastructure company that specializes in liquefied natural gas (LNG) and related gas-to-power solutions. Founded in 2014, the firm’s core mission is to provide “affordable, reliable, cleaner energy” — especially in regions where energy access is limited or overly dependent on expensive, carbon-intensive fuels.
New Fortress Energy runs a vertically integrated business: the company manages everything from LNG procurement and liquefaction, to transportation/shipping, to operation of import terminals and gas-fired power plants. Their customers span diverse industries — from manufacturing to food & beverages — and often rely on NFE to transition from oil-based fuels to cleaner natural-gas energy.
