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Excelerate Energy eyes up vessel acquisitions and newbuildings - TradeWinds

TradeWinds · last updated

Excelerate Energy eyes up vessel acquisitions and newbuildings | TradeWinds

US-listed Excelerate Energy is considering buying existing LNG vessels and newbuildings under a new growth strategy.

President and chief executive Steven Kobos, who was speaking on a results call, said at the start of 2024 Excelerate’s core 10-vessel floating strogage and regasification unit fleet is fully contracted.

Related Knowledge Center: Climate diplomacy: COP 27

State of Play

The 27th Conference of the Parties (COP 27) produced a groundbreaking agreement to create a “loss and damage” fund to help developing nations cope with the impact of climate change.

But the conference, held from Nov. 6 to Nov. 20, 2022, in Sharm el-Sheik, Egypt, fell short of a hoped-for agreement to speed reductions of greenhouse gas emissions.

More informationabout Climate diplomacy: COP 27