Excelerate

Marathon Oil Corp. has signed a five-year sales and purchase agreement with the UK unit of Glencore Ltd. for an undisclosed amount of LNG produced with supplies from the Alba field in Equatorial Guinea.

Excelerate Energy Inc. is looking for more opportunities to grow its nascent LNG portfolio, but not only with U.S. projects, as it expands its role as a global natural gas supplier. CEO Steven Kobos said during a fourth quarter earnings call that the company, headquartered in The Woodlands near Houston, had pivoted its “near-term commercial…

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…

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…

Excelerate Energy Corp. said Thursday that global LNG market volatility during the second quarter helped serve as a springboard for its emergence as a public company and its strategy of becoming a downstream resource for energy-starved countries. The company launched its initial public offering (IPO) in April, netting it the distinction of becoming the first…

Liquefied natural gas (LNG) infrastructure company Excelerate Energy Inc. announced Wednesday it could net $361.9 million with the first major initial public offering (IPO) from a U.S. LNG company since the war in Ukraine began. The Woodlands, TX-based firm said Tuesday that it priced 16 million shares at $24/share. The offering came in at the…

Floating specialist Excelerate Energy has started delivering natural gas to the Brazilian market at the Bahia regasification terminal in Salvador, Bahia. Excelerate’s floating, storage and regasification unit (FSRU) Excelerate Sequoia has an LNG storage capacity of 173,400 cubic meters. Excelerate and Brazilian state oil company Petróleo Brasileiro (Petrobras) signed the lease contract at the end…

Gas-rich Argentina is back to importing natural gas from two ports with the startup of Excelerate Energy LP’s Exemplar floating storage and regasification unit (FSRU) at Bahía Blanca. The new liquefied natural gas (LNG) import option adds to the existing Excelerate FSRU now stationed at Escobar, also in Buenos Aires province. The Exemplar FSRU has…

Philippine authorities have given Excelerate Energy LP permission to proceed on plans to develop a floating natural gas import terminal to supply existing and new power generation.