Puerto Rico Ends New Fortress Talks on $20 Billion LNG Deal

Puerto Rico is ending attempts to negotiate a multi-billion dollar liquefied natural gas contract with New Fortress Energy Inc. after the company refused to accept the terms of an amended deal, one of the negotiators said.

Osvaldo Carlo Linares, the president of Recoms Group, the island’s third-party procurement office, said New Fortress was not willing to discuss changes to the contract and missed a key deadline.