New Fortress Energy Surges on Revived Puerto Rico LNG Deal

The New Fortress Energy liquefied natural gas terminal near the Port of San Juan in Puerto Nuevo, Puerto Rico.
Photographer: Alejandro Granadillo/Bloomberg

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By Ruth Liao and Jim Wyss

September 16, 2025 at 5:47 PM UTC

Updated on

September 16, 2025 at 9:06 PM UTC

Billionaire Wes Edens’ New Fortress Energy Inc. has finalized a seven-year deal worth $4 billion to supply liquefied natural gas to Puerto Rico, the governor confirmed on Tuesday, giving the financially-strained company a shot in the arm.

Shares of the New York-based company surged the most on record, climbing 45%. Bonds for New Fortress Energy debt also jumped on the report of the contract news.