Fiscal board demands NFE formalize pact with third party for gas supply shortfalls

By THE STAR STAFF The Financial Oversight and Managed Board insisted earlier this week that NF Energía LLC (NFE) must formalize an agreement with an external provider to allow for the delivery of liquefied natural gas (LNG) to Puerto Rico whenever the company is unable to supply it, as stipulated in the existing contract with the Puerto Rico Electric Power Authority (PREPA). “The contract contains provisions requiring NFE to allow for the delivery of LNG by third parties through NFE’s port...