Excelerate will purchase 0.85 mtpa of LNG in 2026- 2027 and 1 mtpa from 2028- 2040. (Source: Business Wire)
LNG company Excelerate Energy and QatarEnergy signed a 15-year LNG sales and purchase agreement (SPA) beginning January 2026, according to a Jan. 29 announcement.
Under the SPA, Excelerate agreed to purchase up to 1 million tonnes per anumm (mtpa) of LNG in Bangladesh from QatarEnergy on a delivered ex-ship basis.
Excelerate will purchase 0.85 mtpa of LNG in 2026- 2027 and 1 mtpa from 2028- 2040, the release stated.
“Qatar delivers approximately 10 percent of its current annual LNG production through Excelerate FSRUs [floating storage regasification unit], and we are pleased to unlock further new demand in the markets where we operate,” said Steven Kobos, president and CEO of Excelerate.
“This agreement highlights our ability to secure critical and affordable LNG volumes for our customers with increasing natural gas demand, while driving stable, long-term economic uplift on our existing infrastructure.”
Recommended Reading
Exxon CEO Darren Woods: Hydrogen Incentives ‘Critical’ for Now
2025-02-03 - Exxon Mobil CEO Darren Woods said the end goal for energy policy should be a system in which no fuel source remains dependent on government subsidies.
Congress Kills Biden Era Methane Fee on Oil, Gas Producers
2025-02-28 - The methane fee was mandated by the 2022 Inflation Reduction Act, which directed the EPA to set a charge on methane emissions for facilities that emit more than 25,000 tons per year of CO2e.
Report: Trump to Declare 'National Energy Emergency'
2025-01-20 - President-elect Donald Trump will also sign an executive order focused on Alaska, an incoming White House official said.
Pioneer to Adapt Emvolon’s Flare Gas-to-Methanol Tech
2025-01-13 - The Department of Energy awarded Pioneer Energy $6 million to demonstrate the technology at an oil and gas facility in the Eagle Ford Shale for 12 months.
Industry Players Get Laser Focused on Emissions Reduction
2025-01-16 - Faced with progressively stringent requirements, companies are seeking methane monitoring technologies that make compliance easier.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.