Excelerate buys NFE’s Jamaica business for $1.05 billion

US FSRU player Excelerate Energy has entered into a definitive agreement with compatriot LNG player New Fortress Energy to acquire NFE’s business in Jamaica for $1.055 billion in cash.

LNG Prime Annual Subscription Membership Required

You must be a LNG Prime Annual Subscription member to access this content.

Join Now

Already a member? Log in here

Most Popular

Glencore pens Chinese LNG supply deal

Switzerland-based energy trader Glencore has signed a long-term deal to supply liquefied natural gas (LNG) to a unit of China Suntien Green Energy.

Wison to work on FLNG solutions with Bumi Armada and FPSO Ventures

Chinese FLNG builder Wison New Energies is joining forces with Malaysia's Bumi Armada and FPSO Ventures to jointly advance lease-and-operate solutions for the FLNG market.

Equinor seals long-term LNG SPA with Thailand’s PTT

Norwegian energy firm Equinor has signed a long-term LNG sales and purchase agreement with a unit of Thailand’s PTT.

More News Like This

Amazonica LNG, Jereh ink EPC deal for Colombian LNG terminal

Amazonica LNG has signed an engineering, procurement, and construction contract with China's Jereh to build what it says is Colombia's first onshore LNG import terminal.

Nord Gas Solutions secures contract for Excelerate’s first FSRU conversion

Nord Gas Solutions, formerly Wartsila Gas Solutions, has secured a contract to supply a regasification system for Excelerate Energy's first FSRU conversion.

NFE wraps up restructuring

US LNG player New Fortress Energy has completed its previously announced restructuring plan, marking a new beginning for the company.

Excelerate confirms Colombian FSRU charter deal, LNG carrier purchase

US FSRU player Excelerate Energy confirmed that it has signed a seven-year charter agreement with a unit of Canadian firm Frontera Energy to deploy its FSRU to a new LNG import terminal under development in Colombia. Excellerate also confirmed that it purchased a TFDE LNG carrier to convert it to an FSRU.