Excelerate Energy Signs 15-Year LNG Supply Deal To Purchase Up To 1M Tonnes Per Annum Of LNG From QatarEnergy On A Delivered Ex-Ship Basis In Bangladesh For 15 Years.
Portfolio Pulse from Benzinga Newsdesk
Excelerate Energy has entered into a 15-year agreement with QatarEnergy to purchase up to 1 million tonnes of LNG annually, to be delivered ex-ship in Bangladesh. This long-term deal secures a steady supply of LNG for Excelerate Energy, enhancing its position in the energy market and potentially impacting its stock performance.
January 29, 2024 | 11:31 am
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Excelerate Energy's 15-year LNG supply agreement with QatarEnergy for up to 1 million tonnes per annum strengthens its energy supply chain and revenue prospects in Bangladesh.
The long-term LNG supply agreement is significant for Excelerate Energy as it ensures a consistent and reliable source of LNG for the next 15 years. This deal is likely to be viewed positively by investors as it enhances the company's revenue stability and growth prospects in the energy sector, particularly in Bangladesh. The commitment to a long-term deal also reflects confidence in the company's operational capabilities and strategic partnerships, which could lead to a positive short-term impact on the stock price.
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