Puerto Rico Abandons $20 Billion LNG Deal ...Middle East

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Puerto Rico Abandons $20 Billion LNG Deal
source : OILPRICE ( Middle East ) () 167
Puerto Rico’s government has pulled the plug on contract talks with New Fortress Energy after the island’s federally appointed oversight board declined to approve a proposed $20-billion LNG supply deal, upending years of negotiations and raising questions about the future shape of its energy transition. According to a report by Hart Energy, the Financial Oversight and Management Board for Puerto Rico withheld support for the contract earlier this month, citing concerns about cost, duration, and long-term fuel dependency. In response,…

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