New Fortress Energy Inc. (NFE) has seen its stock rise following the announcement of a significant 10-year charter agreement with the Egyptian Natural Gas Holding Co (EGAS). The agreement involves the deployment of the floating storage and regasification unit (FSRU) Energos Eskimo at EGAS’s LNG import terminal in Ain Sokhna, Egypt, starting in mid-2025. This strategic partnership is part of NFE's broader ef
New Fortress Energy Inc. (NFE) shares are experiencing a decline in after-hours trading, potentially influenced by recent legislative developments in New York. Environmental advocates are pushing for the passage of the Renewable Heat Now package, which includes a bill aimed at curbing the expansion of natural gas infrastructure. This legislative push has sparked opposition from various business groups, who
New Fortress Energy Inc. (NFE) shares are experiencing a decline in after-hours trading, despite a significant natural gas storage withdrawal reported by the U.S. Energy Information Administration. The withdrawal of 190 billion cubic feet for the week ending December 6th was one of the largest in over a decade, reflecting cooler-than-average temperatures. This news initially boosted natural gas futures, wit
New Fortress Energy Inc. (NFE) shares are experiencing a decline today, with no specific company-related news driving the movement. However, broader market conditions, particularly in the natural gas sector, may be influencing the stock's performance. The U.S. benchmark Henry Hub natural gas prices have recently reached all-time lows, with November's average price being the lowest ever recorded for that mon