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0.159261654808697 0.169212398626797 0.109507935718195 0.109507935718195 0.159261654808697 0.213990745808249 0.318423802179213 0.303547440171153
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New Fortress Energy Reaches Milestone Agreement for Long-Term Gas Supply with Puerto Rican Government

New Fortress Energy Inc. - Class A (NFE) 
Last new fortress energy inc. - class a earnings: 3/4 12:02 am Check Earnings Report
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced today that it has reached agreement on contract terms with the Third-Party Procurement Office (“3PPO”) and the Puerto Rico Public-Private Partnerships Authority (“P3A”) for the long-term supply of liquefied natural gas (“LNG”) to Puerto Rico. The contract is currently under review for approval by the Financial Oversight and Management Board of Puerto Rico (“FOMB”).The gas supply agreement (“GSA”) will provide a reliable and affordable supply of natural gas to Puerto Rico’s power system for a term of 7 years. This long-term arrangement will support Puerto Rico’s efforts to replace expensive, higher-emission liquid fuels with cleaner natural gas, delivering significant savings to Puerto Rican ratepayers in the process.“We have had discussions on long term fuel supply since April with the Government of Puerto Rico and are pleased to have reached an agreement,” said Wes Edens, Chairman and CEO Show less Read more
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