New Fortress Energy falls after Fast LNG unit goes offline
NFE•New Fortress Energy shares fell 14.3% to an all-time low after a mechanical issue with the facility’s gas turbine took its Fast LNG unit offline. The company expects the unit to return to service during Q4.
1. Fast LNG outage
New Fortress Energy said its Fast LNG unit is offline following a mechanical issue with the facility’s gas turbine. The company is working with the turbine’s manufacturer to return the unit to operation as soon as possible and expects it to return to service during Q4.
