New Fortress seeks US court review of FERC decision over Puerto Rico LNG facility

摘要

New Fortress Energy is asking a federal appeals court to review US regulators’ decision to force the developer to apply for a permit certificate for an LNG import terminal in Puerto Rico that is already in operation. The outcome of the dispute could impact the island’s energy consumers and power grid, as well as test the limits of Federal Energy Regulatory Commission jurisdiction. Beyond Puerto Rico, New Fortress is a growing player in the supply of LNG to the Caribbean, where the bulk of energy consumed is in the form of imported petroleum products including from the US. Near full utilization at US liquefaction facilities continues amid strong global LNG demand and end-user market prices.