New Fortress Energy Signs Gas Supply Agreement with Energiza in Puerto Rico
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New Fortress Energy Inc. (NFE) has signed a 20-year gas supply agreement with Energiza to provide natural gas to a new 478 MW power plant in San Juan, Puerto Rico. This plant, adjacent to NFE's LNG terminal, is the first to be built in Puerto Rico since 1995 and will start operations in 2028.
January 22, 2025 | 10:00 pm
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New Fortress Energy has secured a 20-year gas supply agreement with Energiza for a new power plant in Puerto Rico, enhancing its long-term revenue prospects.
The 20-year agreement with Energiza ensures a stable and long-term revenue stream for NFE, as it will supply natural gas to a new power plant in Puerto Rico. This strategic partnership enhances NFE's market position and growth prospects in the region.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100