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Puerto Rico Abandons $20 Billion LNG Deal

OilPrice.com Friday, 25 July 2025 ()
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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News video: Trump’s $500 BILLION Japan Deal Sparks Tensions In Tokyo | While Trump Celebrates Japan May Lose PM

Trump’s $500 BILLION Japan Deal Sparks Tensions In Tokyo | While Trump Celebrates Japan May Lose PM 03:25

President Donald Trump announced a “massive” $500 billion trade agreement with Japan, calling it the “largest deal ever made.” Trump claims the deal will create hundreds of thousands of U.S. jobs, open Japanese markets for American cars, trucks, rice, and agriculture, and include key projects...

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