New Fortress Energy (NFE) has announced that it has amended the extension of its 80 TBtu gas supply contract with the Puerto Rico Electric Power Authority (PREPA) to a period of 100 days.
Previously, NFE announced that the islandwide gas supply contract was to be extended for one year.
The revised 100-day extension provides a bridge period to facilitate an open request for proposals (RFP) for updated terms and duration of the gas supply contract, NFE explained.
“The 100-day extension allows an adequate period for an RFP for a new gas contract with appropriate duration and terms to best serve Puerto Rico’s energy security needs at the lowest possible cost,” said Wes Edens, NFE’s Chairman and CEO.
