On July 28, 2025, shares of liquefied natural gas (LNG) companies, including New Fortress Energy, rose after the European Union agreed to purchase $750 billion of energy from the U.S. This agreement aims to reduce the bloc's dependence on Russia for natural gas.
EU President Ursula von der Leyen stated that these purchases would diversify Europe's sources of supply and contribute to its energy security. The plan involves replacing Russian gas and oil with significant purchases of U.S. LNG, oil, and nuclear fuels.
As a company that builds LNG infrastructure, New Fortress Energy is well-positioned to benefit from this substantial increase in demand for U.S. energy products. This geopolitical development creates a significant tailwind for the LNG sector, potentially leading to increased utilization and new opportunities for NFE's assets.
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