Excelerate Energy And Petrobangla Sign Long-Term LNG Sale And Purchase Agreement
Portfolio Pulse from Benzinga Newsdesk
Excelerate Energy and Petrobangla have signed a long-term LNG sale and purchase agreement. Under the agreement, Petrobangla will purchase 0.85 to 1.0 million tonnes per annum (MTPA) of LNG from Excelerate for a term of 15 years starting from January 2026.
November 08, 2023 | 11:01 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Excelerate Energy has secured a long-term LNG sale agreement with Petrobangla, which will provide a steady revenue stream for the next 15 years.
The long-term agreement ensures a steady demand for Excelerate Energy's LNG for the next 15 years, providing a reliable source of revenue. This is likely to have a positive impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100