New Fortress Energy

New Fortress Rejects FERC Claim Puerto Rico LNG Terminal Unauthorized

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 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
New Fortress Energy Working Through LNG Surplus, But Eyeing Cheaper Supplies for Growth

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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