New Fortress Energy Revises Puerto Rico Gas Supply Contract
(P&GJ) — New Fortress Energy Inc. announced that it has amended the extension of its 80 TBtu island-wide gas supply contract with the Puerto Rico Electric Power Authority (PREPA) to a term of 100 days.
Previously, we announced that the island-wide gas supply contract was to be extended for one year. The revised 100-day extension provides a bridge period to facilitate an open request for proposals (RFP) for updated terms and duration of the gas supply contract.
“The 100-day extension allows an adequate period for an RFP for a new gas contract with appropriate duration and terms to best serve Puerto Rico’s energy security needs at the lowest possible cost,” said Wes Edens, Chairman and CEO of New Fortress Energy.
New Fortress Energy remains committed to providing Puerto Rico with reliable, affordable, cleaner energy.
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