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The UP World LNG Shipping Index gained 0.88% this week, outperforming the S&P 500's 1.03% loss. UPI constituents continue to trade sideways near long-term support, with moderate movements and low trading volumes. Spot LNG rates remain under pressure, but new liquefaction capacity and vessel scrapping support a positive long-term sector outlook.
We're approaching a period of stagnation for stocks. Earnings season is wrapped up, and the only certainty about the markets in 2026 is that investors should expect more uncertainty.
Most of New Fortress Energy's bullish case centers around a long-term deal with the Puerto Rican government. New Fortress Energy missed interest payments and went into forbearance, which is never a good sign for financial stability.
New Fortress Energy extended its creditor forbearance period through January 9th. This follows the final approval of its renegotiated Puerto Rican contract.
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) today announced that it has extended its forbearance agreement with representatives of the holders of its new senior secured notes due 2029 from December 15, 2025 to January 9, 2026. During the forbearance period, NFE expects to continue to advance the completion of its restructuring with the company's st...
Puerto Rico's Financial Oversight and Management Board granted final approval for an important contract. While the contract provides a lifeline, New Fortress is still in serious financial trouble.
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) today received final approval for a 7-year Gas Supply Agreement from the Financial Oversight and Management Board for Puerto Rico. The contract secures the delivery of approximately 75 TBtu of natural gas to support the island's ongoing energy transformation initiatives. Under the terms of the agreement, NFE will ...
Key government officials from Puerto Rico spoke to the press on Tuesday, expressing support for New Fortress Energy's supply contract. Earlier this week, the contract received conditional approval from the Financial Oversight and Management Board after an intense review.
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