US-based LNG company Excelerate Energy L.P. marked the opening of its new office in Doha with a celebration at the Four Seasons yesterday.
\nThe Woodlands, Texas-based Excelerate Energy is a market leader in floating liquefied natural gas (LNG) regasification solutions.
\nThe new office was registered and is operated under the administration of the Qatar Financial Center.
\nExcelerate\u2019s managing director Steven Kobos said, \u201cThe opening of our Doha office demonstrates Excelerate\u2019s long-term commitment to the LNG industry, given that Qatar is the largest exporter of LNG globally.
\n\u201cThis strategic location will allow us to better serve our partners and support their efforts in expanding Qatar\u2019s LNG export capacity to emerging markets worldwide.\u201d
\nIn June of this year, Excelerate and Nakilat entered into an agreement for a joint-venture company, with Nakilat acquiring a 55% interest in Excelerate\u2019s floating storage regasification unit (FSRU) \u2013 \u2018Exquisite\u2019, the first such vessel to join the Nakilat fleet.
\nCurrently in operation in Pakistan, \u2018Exquisite\u2019 is the most utilised FSRU in the industry, having delivered more regasified LNG ashore than any other FSRU in history.
\nThe vessel will be receiving its 150th cargo of LNG from Qatargas later this year.
\nThe event witnessed the presence of many dignitaries and government officials, business leaders, associates and partners, and Excelerate leadership.
\nAmong the distinguished guests present at the celebration were Nakilat chief executive officer Abdullah al-Sulaiti and chief of mission and Charg\u00e9 d\u00b4Affaires of the US embassy in Doha, William Grant.
\nExcelerate Energy is part of a privately-held US energy group that also includes Kaiser Francis Oil Co, an E&P company with production in the US and Canada along with significant midstream assets, and Cactus Drilling Company, the largest private drilling company in the US.
\nExcelerate 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.
\nExcelerate offers a full range of floating regasification services from FSRU to infrastructure development to LNG supply.
\nBesides Doha, Excelerate has offices in Buenos Aires, Chittagong, Dhaka, Rio de Janeiro, and Singapore.<\/p>\n","protected":false},"excerpt":{"rendered":"
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