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New Fortress Energy Stock Falls After Puerto Rico Rejects $20 Billion ...

Summary by Bloomberg
Puerto Rico’s finance watchdog is refusing to OK a $20 billion natural gas supply deal that it said would give New Fortress Energy Inc. a near monopoly over the island’s energy future.

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The proposed $20 billion contract with NF Energía—a subsidiary of New Fortress Energy—for methane gas supplies over 15 years has the appearance of a monopoly, disproportionately favors the company, and restricts the flexibility to amend the contract in the event of…

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The agreement – which would extend for 15 years – would cover almost all of the generating facilities, including those that would require future gasification work.

·Puerto Rico
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Bloomberg broke the news in United States on Thursday, July 10, 2025.
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