New Fortress Energy gains on agreement to supply LNG to Puerto Rican government
16/09/2025 22:09
** Shares of U.S. LNG firm New Fortress Energy NFE.O rise 25% to $2.49 in extended trading ** Company reaches agreement for long-term gas supply with Puerto Rican government for a term of 7 years ** NFE expects to supply LNG from its 1.4 million tonnes per annum facility located offshore Mexico ** Company expects supply of 75 trillion British thermal units (TBtu) of natural gas per year through the agreement, with minimum annual take-or-pay volumes of 40 TBtu, increasing to 50 TBtu if certain conditions are met ** Up till last close, shares are down 86.7% YTD (Reporting by Katha Kalia in Bengaluru) ((katha.kalia@thomsonreuters.com))