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Excelerate Energy and PV Gas Announce Strategic Partnership for U.S. LNG Supply

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Excelerate Energy (NYSE: EE), a leading FSRU and LNG solutions provider, has signed a Memorandum of Understanding with PV Gas, a Petrovietnam subsidiary, to establish a strategic partnership for U.S. LNG supply to Vietnam. The collaboration aims to begin as early as 2026.

Under the agreement, both companies will evaluate PV Gas' LNG requirements and develop a joint strategic framework for LNG sourcing. The partnership focuses on securing reliable and stable LNG supply from the United States, contributing to Vietnam's growing energy needs while providing a downstream market for U.S. LNG.

Excelerate Energy (NYSE: EE), un fornitore leader di FSRU e soluzioni LNG, ha firmato un Memorandum of Understanding con PV Gas, una sussidiaria di Petrovietnam, per stabilire una partnership strategica per la fornitura di LNG dagli Stati Uniti al Vietnam. La collaborazione mira a iniziare già nel 2026.

In base all'accordo, entrambe le aziende valuteranno le esigenze di LNG di PV Gas e svilupperanno un quadro strategico congiunto per l'approvvigionamento di LNG. La partnership si concentra sull'assicurare una fornitura di LNG affidabile e stabile dagli Stati Uniti, contribuendo così alle crescenti esigenze energetiche del Vietnam, mentre fornisce un mercato a valle per il LNG statunitense.

Excelerate Energy (NYSE: EE), un proveedor líder de FSRU y soluciones de LNG, ha firmado un Memorando de Entendimiento con PV Gas, una subsidiaria de Petrovietnam, para establecer una asociación estratégica para el suministro de LNG de EE. UU. a Vietnam. La colaboración tiene como objetivo comenzar tan pronto como en 2026.

Según el acuerdo, ambas compañías evaluarán los requisitos de LNG de PV Gas y desarrollarán un marco estratégico conjunto para la obtención de LNG. La asociación se centra en asegurar un suministro de LNG confiable y estable desde los Estados Unidos, contribuyendo a las crecientes necesidades energéticas de Vietnam y proporcionando un mercado a nivel de consumo para el LNG estadounidense.

Excelerate Energy (NYSE: EE)는 FSRU 및 LNG 솔루션의 선도적인 공급업체로, PV Gas와 양해각서를 체결했습니다. 이는 Petrovietnam의 자회사로, 미국의 LNG를 베트남에 공급하기 위한 전략적 파트너십을 구축하기 위한 것입니다. 이 협력은 2026년 초에 시작될 것으로 예상됩니다.

합의에 따라 두 회사는 PV Gas의 LNG 요구 사항을 평가하고 LNG 조달을 위한 공동 전략 프레임워크를 개발합니다. 이 파트너십은 미국으로부터 안정적이고 신뢰할 수 있는 LNG 공급을 확보하는 데 중점을 두며, 베트남의 증가하는 에너지 수요에 기여하고 미국 LNG의 하류 시장을 제공합니다.

Excelerate Energy (NYSE: EE), un fournisseur leader de FSRU et de solutions LNG, a signé un protocole d'accord avec PV Gas, une filiale de Petrovietnam, afin d'établir un partenariat stratégique pour l'approvisionnement en LNG des États-Unis vers le Vietnam. La collaboration vise à débuter dès 2026.

Dans le cadre de l'accord, les deux entreprises évalueront les besoins en LNG de PV Gas et développeront un cadre stratégique commun pour l'approvisionnement en LNG. Le partenariat se concentre sur la sécurisation d'un approvisionnement en LNG fiable et stable en provenance des États-Unis, contribuant ainsi aux besoins énergétiques croissants du Vietnam tout en fournissant un marché en aval pour le LNG américain.

Excelerate Energy (NYSE: EE), ein führender Anbieter von FSRU- und LNG-Lösungen, hat ein Memorandum of Understanding mit PV Gas, einer Tochtergesellschaft von Petrovietnam, unterzeichnet, um eine strategische Partnerschaft für die LNG-Lieferung aus den USA nach Vietnam aufzubauen. Die Zusammenarbeit soll bereits 2026 beginnen.

Im Rahmen der Vereinbarung werden beide Unternehmen die LNG-Anforderungen von PV Gas bewerten und einen gemeinsamen strategischen Rahmen für die LNG-Beschaffung entwickeln. Der Fokus der Partnerschaft liegt darauf, eine zuverlässige und stabile LNG-Versorgung aus den Vereinigten Staaten sicherzustellen, um den wachsenden Energiebedarf Vietnams zu decken und gleichzeitig einen Absatzmarkt für US-LNG zu schaffen.

Positive
  • Strategic entry into Vietnam's growing LNG market
  • Secured new downstream market for U.S. LNG supply
  • Partnership with established national energy company (PV Gas/Petrovietnam)
Negative
  • No binding agreement yet - only Memorandum of Understanding
  • Implementation timeline not starting until 2026
  • No specific volume commitments or financial terms disclosed

THE WOODLANDS, Texas--(BUSINESS WIRE)-- Excelerate Energy, Inc. (NYSE: EE) (the “Company” or “Excelerate”), a leading provider of floating storage and regasification units (FSRUs) and liquefied natural gas (LNG) solutions, and Petrovietnam Gas Joint Stock Corporation (PV Gas), a subsidiary of Vietnam Oil and Gas Group (Petrovietnam), have signed a Memorandum of Understanding to collaborate on securing a reliable and stable supply of LNG sourced from the United States as early as 2026.

Through this strategic partnership, Excelerate and PV Gas will collaborate on a plan to secure reliable and stable LNG supply sourced from the United States as early as 2026. Under the agreement, the two parties will also evaluate PV Gas’ LNG supply requirements and define a joint strategic framework through which Excelerate and PV Gas can execute LNG sourcing.

“We are pleased to partner with PV Gas on this significant opportunity,” said Oliver Simpson, Executive Vice President and Chief Commercial Officer of Excelerate. “This collaboration underscores our commitment to helping Vietnam meet its growing energy needs while also providing a downstream market for U.S. LNG supply. Together, we look forward to contributing to a sustainable and secure energy future for Vietnam.”

The collaboration between Excelerate and PV Gas showcases a mutual dedication to harnessing both companies’ distinct strengths and resources to provide affordable and dependable energy solutions that meet Vietnam’s increasing energy needs.

ABOUT EXCELERATE ENERGY

Excelerate Energy, Inc. is a U.S.-based LNG company located in The Woodlands, Texas. Excelerate is changing the way the world accesses cleaner forms of energy by providing integrated services along the LNG value chain with the objective of delivering rapid-to-market and reliable LNG solutions to customers. The Company offers a full range of services across the LNG value chain. Excelerate has a presence in Abu Dhabi, Antwerp, Boston, Buenos Aires, Chattogram, Dhaka, Doha, Dubai, Hanoi, Helsinki, London, Rio de Janeiro, Singapore, and Washington, DC. For more information, please visit www.excelerateenergy.com.

ABOUT PETROVIETNAM GAS JOINT STOCK CORPORATION

Petrovietnam Gas Joint Stock Corporation (PV Gas) is a Vietnam-based company engaged in integrated oil and gas operations. The Company is involved in the extraction, refining, distribution, marketing and pipeline transportation of natural gas and gas related products, such as liquefied petroleum gas (LPG), compressed natural gas (CNG), liquefied natural gas (LNG) and condensate. It is engaged in the import, export and trading of gas products and supplies and equipment for the gas industry. In addition, the Company and its subsidiaries are involved in support activities for oil and gas operations, including the manufacturing of gas pipelines, gas related structures building, installation, repair and maintenance, gasoline stations operations, as well as warehousing and port operations.

Investors

Craig Hicks

Excelerate Energy

Craig.Hicks@excelerateenergy.com

Media

Stephen Pettibone / Frances Jeter

FGS Global

Excelerate@fgsglobal.com

or

media@excelerateenergy.com

Source: Excelerate Energy, Inc.

FAQ

When will Excelerate Energy (EE) begin supplying LNG to Vietnam through PV Gas?

The LNG supply partnership is expected to begin as early as 2026.

What is the scope of the Memorandum of Understanding between Excelerate Energy (EE) and PV Gas?

The MoU covers collaboration on securing U.S.-sourced LNG supply and evaluating PV Gas' LNG requirements through a joint strategic framework.

How will this partnership impact Excelerate Energy's (EE) market presence in Asia?

The partnership will expand EE's presence in Vietnam's energy market while providing a downstream market for U.S. LNG supply.

What are the main objectives of the EE-PV Gas LNG supply agreement?

The main objectives are securing reliable LNG supply from the U.S. and meeting Vietnam's growing energy needs with affordable and dependable solutions.
Excelerate Energy, Inc.

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