New Fortress Energy (NFE) Soars Following Final Approval of Puerto Rico LNG Agreement

Core Viewpoint - New Fortress Energy Inc. (NASDAQ:NFE) experienced a significant share price increase of 28.69% from November 28 to December 5, 2025, following the final approval of a major LNG supply agreement with Puerto Rico [1][3]. Group 1: Company Developments - New Fortress Energy Inc. owns and operates natural gas and LNG infrastructure, along with an integrated fleet of ships and logistics assets, to provide energy solutions globally [2]. - The company secured final approval on December 4 for a seven-year agreement with Puerto Rico to supply approximately 75 TBtu of natural gas, valued at an estimated $3.2 billion [3]. - The new agreement is less than the previously negotiated $4 billion deal from September but is crucial for the company amid ongoing restructuring efforts with creditors [4].