Shares of New Fortress Energy Inc. (NFE) tumbled 10% on Thursday morning after the company announced the sale of its Jamaican assets and operations to Excelerate Energy, Inc. (EE) for $1.06 billion.

Chairman and CEO of New Fortress Energy. “We are proud of the contributions we have made to Jamaica’s energy transition. Our Jamaican assets and employees are world-class and have played a ...

By David French and Vallari Srivastava (Reuters) -Liquefied natural gas infrastructure provider Excelerate Energy has agreed to buy the Jamaica business of rival New Fortress Energy for $1.06 billion ...

New Fortress Energy shares declined after it said it plans to sell its natural gas assets and operations in Jamaica. The stock fell 11% to $9.86 Thursday morning. Shares have lost 35% of their ...

New Fortress Energy has divested its natural gas assets and operations in Jamaica for $1.06 billion to Texas-based Excelerate Energy. The sale consists of the LNG import terminal in Montego Bay as ...

March 27 (Reuters) - Liquefied natural gas infrastructure provider Excelerate Energy (EE.N), opens new tab is nearing a deal to acquire the Jamaica business of smaller rival New Fortress Energy ...

New Fortress said previously the plant supplies 65% of Jamaica's electricity. Excelerate said it expects the acquisition to immediately add to its earnings per share, with assets that complement ...

New Fortress Energy entered the Jamaican energy market ... The 150 MW Clarendon power plant that supplies nearly 65% of Jamaica’s electricity also has scope for expansion. Jamaica’s strategic ...

New Fortress Energy (NFE) has finalized a transaction with Excelerate Energy (EE) to sell its assets and operations in Jamaica for $1.055B. Proceeds from the transaction will be used to reduce NFE ...