LNG vessel and floating storage and regasification unit (FSRU) operator Excelerate Energy Inc. is wading into offering fuel trading with a long-term agreement for offtake from Venture Global Inc.’s Plaquemines LNG.


Texas-based Excelerate has inked a 20-year, 0.7 million metric ton/year sales and purchase agreement (SPA) for delivery on a free-on-board basis. Plaquemines LNG was sanctioned last year and is currently under construction with a target of first production sometime in 2024.

Excelerate CEO Steven Kobos said the long-term supply of liquefied natural gas from the Louisiana terminal supports the firm’s goal to grow as an energy security solution for countries seeking both LNG import infrastructure and fuel.

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