Excelerate Energy signs 11-year LNG supply deal with AxDo Bahamas
EE•Excelerate Energy signed an 11-year LNG supply agreement with AxDo Bahamas for up to 16 trillion British thermal units annually. Initial deliveries are expected in 2027, with a floating storage unit expected near Grand Bahama in 2028, subject to permitting, construction timelines and contractual provisions.
1. Supply agreement
Excelerate Energy signed an 11-year LNG supply agreement with AxDo Bahamas for up to 16 trillion British thermal units annually. AxDo will become an anchor customer of a planned offshore LNG storage and distribution terminal near Grand Bahama.
2. Delivery plans
Initial deliveries are expected in 2027 using existing supply and logistics capabilities from Excelerate's Jamaica platform. A floating storage unit is expected near Grand Bahama in 2028, subject to final permitting, construction timelines and contractual provisions.
