New Fortress Energy wins final approval for a seven-year natural gas supply deal supporting Puerto Rico’s cleaner, more resilient energy transformation goals.
New Fortress Energy has secured a major regulatory milestone after receiving final authorization for a long-term Gas Supply Agreement from the Financial Oversight and Management Board for Puerto Rico. This approval formally clears the way for a seven-year arrangement under which the company will deliver approximately 75 trillion British thermal units (TBtu) of natural gas to support the island’s evolving energy framework. The agreement marks a significant step in strengthening Puerto Rico’s transition toward more dependable, affordable and lower-emission power generation.
The newly approved supply commitment is designed to provide a stable and consistent stream of natural gas, which will play a vital role in modernizing Puerto Rico’s electricity ecosystem. By ensuring a predictable fuel source, the contract aims to reinforce grid reliability, minimize potential supply shortages, and reduce the island’s dependence on higher-emission fuels. This aligns closely with Puerto Rico’s broader objective of increasing energy resilience following years of grid instability and the impacts of natural disasters.
Under the terms of the agreement, New Fortress Energy will continue supplying natural gas that produces lower emissions compared with traditional oil-based generation. This cleaner alternative is expected to contribute to improvements in air quality, cost efficiency, and operational stability across the island’s energy system. The company has already established a strong operational presence in Puerto Rico through its infrastructure investments, and this long-term contract deepens its strategic involvement in the region’s energy reshaping.
Company leadership emphasized that the approval signifies a collaborative commitment between NFE and Puerto Rico’s government institutions. According to Wes Edens, the energy supply deal represents a meaningful advancement for Puerto Rico’s long-term energy goals. He highlighted that the partnership reflects years of work aimed at improving the island’s access to dependable and cleaner energy sources. Edens also expressed appreciation for the support shown by Governor Jenniffer González-Colón, noting that her administration played an important role throughout the approval process.
Edens stated that securing a seven-year supply of reliable natural gas provides Puerto Rico with a strong foundation as it continues shifting toward a more modernized and environmentally conscious energy model. This agreement is positioned as part of a wider framework of reforms and investments that seek to reinforce Puerto Rico’s power infrastructure, especially at a time when the island is striving to enhance energy security, integrate cleaner technologies, and reduce the risk of power disruptions.
Overall, the approval of this Gas Supply Agreement demonstrates a shared commitment between NFE, Puerto Rico’s leadership, and the oversight board to move the island toward a more resilient and sustainable energy future. The guaranteed long-term delivery of natural gas is expected to support ongoing transformation efforts, facilitate reliable power generation, and help guide Puerto Rico toward a more stable and efficient energy landscape.
