In a significant development for the energy sector, New Fortress Energy Inc. (NFE) has received tentative regulatory approval for a $3.2 billion deal to supply liquefied natural gas (LNG) to Puerto Rico. This move comes […]
NFE said in a statement that the contract is currently under review for approval by the Financial Oversight and Management Board of Puerto Rico. Moreover, the gas supply agreement (GSA) will provide supply of natural […]
Crowley said in a statment the energy system will provide a reliable power supply tailored to support the terminal’s daily operations, such as powering its terminal equipment, refrigerated containers, and administrative and maintenance facilities. The […]
“After 492 safe LNG unloadings over 25 years of operation, today EcoElectrica’s LNG import terminal has received and unloaded the American Energy, the first US LNG cargo imported to Puerto Rico,” EcoElectrica said in a […]
According to a statement by Crowley, the milestone will provide Puerto Rico with increased access to the supply of US mainland-sourced LNG, helping address the island’s ongoing power demands. Crowley and Naturgy have entered into […]
NFE said in a statement on Wednesday that the gas supply deal is for 20 years. According to NFE, the power plant is located adjacent to its existing San Juan LNG import terminal. The Energiza […]
Granholm took one last trip to Puerto Rico to promote solar energy after the grid failed, despite taxpayer-funded loans for renewable projects. Outgoing Energy Secretary Jennifer Granholm took one last trip to Puerto Rico on […]
Oil prices are ending the year very close to where they started the fourth quarter, with very limited movement in the last three months despite some major catalysts. US oil demand hit a new record […]
Climate-fueled disasters have ravaged Puerto Rico’s electrical system several times in recent years. Now, as another hurricane season opens, many people there are fed up with how vulnerable the grid remains. WBUR is a nonprofit […]
The Puerto Rico Financial and Oversight Management Board (FOMB) has issued a plan to restructure the Puerto Rico Electric Power Authority’s $8.9 billion debt, using a combination of $5.4 billion in new bonds and sharp […]
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