04:45 PM EDT, 09/16/2025 (MT Newswires) -- New Fortress Energy ( NFE ) said late Tuesday it has struck a deal on contract terms with the Third-Party Procurement Office and the Puerto Rico Public-Private Partnerships Authority for the supply of liquefied natural gas to Puerto Rico.

The seven-year contract is subject to approval by Puerto Rico's Financial Oversight and Management Board, the firm said.

The company said it can supply up to 75 TBtu of natural gas a year, with minimum annual take-or-pay volumes of 40 TBtu. The volumes are expected to be supplied from its facility offshore Altamira, Mexico.

New Fortress shares were up about 16% in after-hours activity.