Excelerate Energy Hosts U.S. Ambassadors to Argentina and Pakistan

Rhea-AI Summary

Excelerate Energy, Inc. (NYSE: EE) welcomed U.S. Ambassadors Marc Stanley and Donald Blome to its floating storage and regasification units (FSRUs) in Argentina and Pakistan, highlighting U.S. support for global energy security and LNG diversification. The visits occurred on August 5 and 12, 2022, showcasing Excelerate's significant role in LNG import infrastructures, completing 838 ship-to-ship transfers in Argentina and 456 in Pakistan since their respective terminal commissions. CEO Steven Kobos emphasized the importance of reliable energy infrastructure in U.S. international energy policy.

Positive

• Demonstrated U.S. government support for energy security efforts.
• Excelerate completed 838 STS transfers (83,048,420 cubic meters of LNG) in Argentina.
• Excelerate completed 456 STS transfers (63,533,993 cubic meters of LNG) in Pakistan.
• Strategic importance of LNG supply diversification emphasized by high-level diplomatic visits.

Negative

• None.

Diplomatic visits to Escobar and Port Qasim underscore U.S. support for energy security efforts

THE WOODLANDS, Texas--(BUSINESS WIRE)-- Excelerate Energy, Inc. (NYSE: EE) (“Excelerate”) received the U.S. Ambassador to Argentina Marc Stanley and U.S. Ambassador to Pakistan Donald Blome to Excelerate’s floating storage and regasification units (FSRUs) in the same week earlier this month. The visits demonstrated high-level U.S. government support for Excelerate’s efforts to enhance energy security and liquefied natural gas (LNG) supply diversification throughout the globe.

U.S. Ambassador to Pakistan Donald Blome visited the FSRU Exquisite on August 12, 2022 at the Engro Elengy Terminal in Port Qasim, Pakistan. (Photo: Business Wire)

Ambassador Stanley and his Embassy team visited the FSRU Expedient on August 5 at the GNL Escobar Terminal in Buenos Aires province. Since the commissioning of South America’s first LNG import terminal in 2008, Excelerate FSRUs have completed 838 ship-to-ship (STS) transfers representing 83,048,420 cubic meters of LNG in Argentina.

Ambassador Blome and a delegation from the U.S. Embassy in Islamabad and U.S. Consulate General in Karachi visited the FSRU Exquisite on August 12 at the Engro Elengy Terminal in Port Qasim. The Exquisite is owned by a joint venture between Excelerate and Qatar Gas Transport Company Limited (Nakilat). Since the commissioning of Pakistan’s first LNG import terminal in 2015, Excelerate FSRUs have completed 456 STS transfers representing 63,533,993 cubic meters of LNG in Pakistan.

“It was a privilege to receive Ambassadors Stanley and Blome aboard our vessels to underscore the strategic importance of reliable energy infrastructure,” said Steven Kobos, President and CEO of Excelerate. “The U.S. has placed energy security for its partners and allies at the heart of its international energy policy. Excelerate is pleased to support these objectives through our continued operations in Argentina and Pakistan.”

About Excelerate Energy:

Excelerate Energy, Inc. is a U.S.-based LNG company located in The Woodlands, Texas. Founded in 2003 by George B. Kaiser, Excelerate is changing the way the world accesses cleaner forms of energy by providing integrated services along the LNG value chain with an objective of delivering rapid-to-market and reliable LNG solutions to customers. Excelerate offers a full range of flexible regasification services from FSRU to infrastructure development to LNG supply. Excelerate has offices in Abu Dhabi, Antwerp, Boston, Buenos Aires, Chattogram, Dhaka, Doha, Dubai, Ho Chi Minh City, Manila, Rio de Janeiro, Singapore, and Washington, DC. For more information, please visit www.excelerateenergy.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220825005715/en/

Investors

Craig Hicks

Excelerate Energy

Craig.Hicks@excelerateenergy.com

Media

Stephen Pettibone / Frances Jeter

FGS Global

Excelerate-SVC@sardverb.com

or

media@excelerateenergy.com

Source: Excelerate Energy, Inc.

FAQ

What does the recent U.S. diplomatic visit to Excelerate Energy's facilities signify?

The visits by U.S. Ambassadors highlight government support for energy security and LNG supply diversification.

When did the U.S. Ambassadors visit Excelerate's floating storage units?

Ambassador Marc Stanley visited on August 5, 2022, and Ambassador Donald Blome visited on August 12, 2022.

How much LNG has Excelerate transferred in Argentina and Pakistan?

Excelerate has completed 838 STS transfers in Argentina and 456 in Pakistan.

What is the significance of Excelerate's FSRUs in the context of U.S. energy policy?

Excelerate's FSRUs play a crucial role in enhancing energy security for U.S. partners and allies.