Excelerate Energy opens new office in Qatar to tap growing opportunities

DOHA: Aiming to tap growing business opportunities as Qatar set to expand gas production capacity, Excelerate Energy (Excelerate), the market leader in floating liquefied natural gas (LNG) regasification solutions, marked the opening of its new office in Qatar, yesterday.

The company marked the opening with a celebration at the Four Seasons Hotel Doha in the presence of dignitaries, senior diplomats and top executives from the industry.

The new office was registered and is operated under the administration of Qatar Financial Center.

“The opening of our Doha office demonstrates Excelerate’s long-term commitment to the LNG industry, given that Qatar is the largest exporter of LNG globally,” said Excelerate’s Managing Director Steven Kobos. “This strategic location will allow us to better serve our partners and support their efforts in expanding Qatar’s LNG export capacity to emerging markets worldwide.”

In June of this year, Excelerate and Nakilat entered into an agreement for a joint-venture company, with Nakilat acquiring a 55 percent interest in Excelerate’s floating storage regasification unit (FSRU) “Exquisite”, the first such vessel to join the Nakilat fleet. Currently in operation in Pakistan, the FSRU “Exquisite’’ is the most utilised FSRU in the industry, having delivered more regasified LNG ashore than any other FSRU in history. The vessel will be receiving its 150th cargo of LNG from Qatargas later this year.

The event witnessed the presence of many dignitaries and government officials, business leaders, associates and partners, and Excelerate leadership.

Among the distinguished guests present for the celebration were Nakilat Chief Executive Officer Abdullah Al Sulaiti and Chief of Mission and Chargé d´Affaires of the United States Embassy in Doha William Grant.