NEW YORK–(BUSINESS WIRE)–New Fortress Energy LLC (NASDAQ: NFE) (“New Fortress” or the “Company”) announced that the Company entered into an agreement with Centrica LNG Company Limited (“Centrica”) to terminate New Fortress’s obligation to purchase any additional LNG from Centrica for the remainder of 2020 in exchange for a payment of $105 million. As a result, New Fortress will now be able to purchase LNG in the open market at prices that are significantly lower than the price previously agreed to with Centrica.

As a result of facilities commencing operations in Puerto Rico in addition to Jamaica, New Fortress has made significant progress toward achieving an Illustrative Annualized Operating Margin Goal(1) from Committed Volumes(2) of over $400 million on an annualized basis during the third quarter

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