LNG

New Fortress Energy, the developer of liquefied natural gas and power projects in Latin America and the Caribbean, narrowed its fourth-quarter losses while revenues rose as it embarked on new LNG import projects in Nicaragua and Mexico and was set to bring a venture on stream in Puerto Rico.

New Fortress Energy, the owner of LNG facilities in Florida and in Jamaica and projects in Puerto Rico and the US northeast, posted a third-quarter rise in revenues while its net losses widened to $54.4 million amid continuing start-up costs and other venture expenses.