Puerto Rico watchdog halts New Fortress' $20 billion supply deal, Bloomberg News reports-March 2024-www.financetom.com

Puerto Rico watchdog halts New Fortress' $20 billion supply deal, Bloomberg News reports

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Puerto Rico watchdog halts New Fortress' $20 billion supply deal, Bloomberg News reports

Jul 10, 2025 10:23 AM

July 10 (Reuters) - Puerto Rico's finance regulator has

halted New Fortress Energy's ( NFE ) $20 billion natural gas

supply deal over monopoly concerns, Bloomberg News reported on

Thursday, citing a letter to the island's energy czar, Josue

Colon.

Shares of the company were down 7.6% in afternoon trading.

The Financial Oversight and Management Board said it has

"profound concerns" about a proposed 15-year contract between

New Fortress' subsidary Genera PR and the company's unit that

delivers liquefied gas, the report said.

New Fortress Energy ( NFE ) did not immediately respond to a Reuters

request for comment.

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