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24.07.25 - 01:01
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New Fortress Energy Taps Houlihan for Advice Amid Bond Rout (Bloomberg)
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Billionaire investor Wes Edens' New Fortress Energy Inc. has tapped Houlihan Lokey for advice in anticipation of talks with creditors to cut its debt load, according to people with knowledge of the situation who asked not to be identified because they're not authorized to speak publicly....
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14.07.25 - 23:24
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Puerto Rico Faces Blackout Threat After New Fortress Halts LNG Shipment (ZeroHedge)
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Puerto Rico Faces Blackout Threat After New Fortress Halts LNG Shipment
Weeks after New Fortress Energy rallied on news of a temporary contract extension for LNG supply to Puerto Rico, Bloomberg now reports the island has idled temporary power plants after the company abruptly halted a critical gas shipment, raising the risk of power outages at the peak of summer demand.
Puerto Rico Energy Chief Josue Colon slammed the LNG shipment cancellation as "unjustified," disputing New Fortress's claims of being owed millions of dollars since 2020. With 10 out of 14 temporary generators offline and the rest running on expensive, dirty diesel, Colon warned the island now faces an elevated risk of blackouts.
He said LNG tankers were supposed to dock in San Juan in recent days, but failed to come to port, adding that weather on Saturday would have allowed them to dock, "but suddenly, and without any valid reason, contractually, the ship was diverted."
Colon described existing ...
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11.07.25 - 18:12
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Puerto Rico Energy Czar Backs New Fortress LNG Supply Deal (Bloomberg)
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The official in charge of addressing Puerto Rico's power crisis is pushing to move forward with New Fortress Energy Inc.'s proposed $20 billion contract to supply the island with natural gas, saying a federal watchdog's concerns about the deal are overwrought....
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