New Fortress Energy Fast LNG Unit Offline, Shares Tumble 14%
New Fortress Energy stated its Fast LNG unit is offline due to a mechanical issue with the facility's gas turbine. This outage has caused the company's shares to drop 14% to an all-time low and has disrupted production.
New Fortress Energy NASDAQ:NFE said on Monday its Fast LNG unit was offline after a mechanical issue with the facility's gas turbine. The outage has disrupted production at the Fast LNG facility and comes as liquefied natural gas prices are higher, sending the shares down 14% to an all-time low.