Excelerate Energy
Overview
Excelerate Energy LP is a US LNG company based in Woodlands, Texas. Excelerate is the pioneer and market leader in innovative floating LNG solutions, providing integrated services along the entire LNG value chain with an objective of delivering rapid-to-market and reliable LNG solutions to customers. It is part of a large privately held US Energy Group that also includes Kaiser Francis Oil Co, an E&P company with production in USA and Canada along with significant midstream assets, and Cactus Drilling Co, the largest private drilling company in the US
Excelerate controls a fleet of nine Floating Storage Regasification Units (FSRUs), which are boats used to transfer LNGs through oceanic channels. Excelerate operates in nine different countries, offering a full range of floating regasification services from FSRU to infrastructure development to integrated LNG supply.
Qatar is one of the nine countries that Excelerate operates in and the company opened a branch office in 2018. Earlier the same year, the company had entered into an agreement with Nakilat, the Qatar gas transport company, to form a joint-venture company. The project centered around Nakilat’s acquisition of a 55 percent interest in Excelerate’s FSRU “Exquisite.” Exquisite is the first FRSU to join the Nakilat fleet.
Excelerate is committed to further developing their floating LNG solutions to meet the needs of their customers and the markets they serve. They plan to continue bringing innovative ideas and solutions to help both their clients and the wider community. Their fundamental philosophy has always been to utilize proven technology innovatively, ensuring timely, reliable and cost-efficient solutions.