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New Fortress Gets Tentative OK for $3 Billion Puerto Rico Deal

Bloomberg.com · last updated

Regulators in Puerto Rico tentatively approved a contentious deal with billionaire Wes Edens’ New Fortress Energy Inc. to supply liquefied natural gas to the US territory.

The Financial Oversight and Management Board for Puerto Rico late Friday said it had signed off, with conditions, on a seven-year agreement valued at an estimated $3.2 billion.

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