New Fortress Energy LLC said Monday that the Covid-19 pandemic did not slow its growth during the second quarter as the company continued to bring new operations online. Year/year revenue increased to $94.6 million from $39.8 million as NFE went from “a company in development to an operating business,” said CEO Wes Edens. The company…
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Articles from New Fortress Energy
New Fortress Rejects FERC Claim Puerto Rico LNG Terminal Unauthorized
New Fortress Energy LLC has asked FERC to end proceedings about whether a liquefied natural gas (LNG) import terminal in Puerto Rico was brought online without federal approval, while a key end-user does not want it shut down. NFE said the facility is not subject to Federal Energy Regulatory Commission jurisdiction under the Natural Gas…
July 23, 2020
New Fortress Cancels Contracted LNG Cargoes in Favor of Cheaper Spot Volumes
New Fortress Energy LLC (NFE) has canceled liquefied natural gas (LNG) cargoes it contracted to receive for the remainder of the year in exchange for a payment of $105 million to supplier Centrica LNG Co. Ltd. The move comes as LNG prices have fallen precipitously, or by 85% over the last year and a half,…
July 8, 2020
NGI The Weekly Gas Market Report
New Fortress Energy Working Through LNG Surplus, But Eyeing Cheaper Supplies for Growth
New York City-based New Fortress Energy LLC (NFE) has more liquefied natural gas (LNG) supply than it needs for customers in the Carribean as the Covid-19 pandemic has cut into economic activity and use of the fuel for power generation across the region.
May 8, 2020
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