Excelerate Energy Inc. has for now shifted its focus to fulfilling Europe’s need for natural gas as the continent continues working to buildout import infrastructure to fill the void left by declining Russian supplies. 

The company has the world’s largest portfolio of floating LNG terminals and has worked to deploy the infrastructure and pursue other business in both new and existing markets. But Europe’s scramble for gas has prompted a near-term shift in priorities away from Asia, where the company operates to provide supplies in growing markets like Bangladesh.

“Europe is an immediate need and an immediate opportunity,” said Steven Kobos during a call Thursday to discuss the company’s third quarter financial results. He added that prioritizing “…this year’s work...