Mubasher: US floating liquefied natural gas (LNG) player Excelerate Energy has opened its new office in Qatar, the world’s largest LNG exporter.
“The opening of our Doha office demonstrates Excelerate’s long-term commitment to the LNG industry, given that Qatar is the largest exporter of LNG globally,” Excelerate CEO Steven Kobos said on Wednesday.
The new office will be operated under the administration of the Qatar Financial Center (QFC).
“This strategic location will allow us to better serve our partners and support their efforts in expanding Qatar’s LNG export capacity to emerging markets worldwide,” Kobos added.
In June, both Excelerate and Qatar Gas Transport (Nakilat) entered into an agreement to launch a joint-venture company, with Nakilat acquiring a 55% interest in Excelerate’s floating storage regasification unit (FSRU) – ‘Exquisite’, the first such vessel to join the Nakilat fleet.
The new vessel is currently serving as an import facility at Port Qasim in Pakistan, and it will be receiving its 150th cargo of LNG from Nakilat later this year.
