Excelerate Energy

What Excelerate Energy does

Excelerate Energy is a US-based LNG infrastructure company founded in 2003 and headquartered in The Woodlands, Texas, listed on the NYSE under ticker EE since 2022. The company pioneered the floating LNG industry with its first offshore LNG terminal (Gulf Gateway Deepwater Port) in 2005 and today operates the world's largest fleet of FSRUs (Floating Storage Regasification Units) with 10 vessels, representing 20% of global FSRU market share and 27% of global regasification capacity. Core technology includes proprietary GasPort dockside ship-to-ship transfer configuration, dual submerged turret-loading buoy systems, and the integrated E-FIT (Excelerate Flexible Integrated Terminal) model that bundles development, design, construction, installation, finance, and operation under a single contract. The fleet comprises vessels such as the FSRU Experience, Excellence, Exemplar, Exquisite, Explorer, Excelsior, and the newbuild Excelerate Acadia (delivery June 2026).

The company serves governments, state-owned utilities, power generators, industrial users, and natural gas distributors primarily in emerging markets, with operations across 13+ countries including Bangladesh, Pakistan, UAE, Brazil, Argentina, USA, Germany, Finland, Israel, Jamaica, Iraq (development), and Vietnam. Customers are predominantly sovereign and quasi-sovereign entities such as Petrobangla, Engro, Petrobras, ADNOC, Gasgrid Finland, and the German and Iraqi governments. Revenue is generated through four streams: (1) FSRU time charter revenues under 10-15 year take-or-pay contracts, (2) LNG and natural gas sales to end customers, (3) EPCIC and terminal operations, and (4) LNG supply procurement and trading. Over 90% of adjusted EBITDA is anchored in long-term take-or-pay contracts, with approximately $7 billion in future contracted revenue across a 7-year average duration. Pricing is not publicly disclosed; contracts are negotiated bilaterally with sovereigns and state utilities.

The company's go-to-market combines enterprise field sales to governments and direct LNG/gas sales to industrial customers in newly liberalized markets. Distribution is supported by 16 regional offices across the Americas, EMEA, Middle East, and Asia Pacific. Recent strategic moves include the $1.055 billion acquisition of New Fortress Energy's Jamaica assets in May 2025 (integrated LNG and power platform), a binding agreement for Iraq's first LNG import terminal signed October 2025, and the naming of new FSRU Excelerate Acadia at HD Hyundai Heavy Industries in March 2026. Q1 2026 revenue was $433.44 million with net income of $12.32 million.

Name

Excelerate Energy

Legal name

Excelerate Energy, Inc.

Website

https://excelerateenergy.com

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Excelerate Energy is a US-based LNG company that operates the world's largest FSRU fleet (10 vessels, 20% global market share), providing floating LNG import, storage, and regasification services to governments, state utilities, and power companies across emerging markets under long-term take-or-pay contracts.

Ownership category

akta.pro rank

Product category

LNG Infrastructure Services

NAICS

Pipeline Transportation of Natural Gas (48621), Natural Gas Distribution (221210)

SIC

Oil & Gas Field Machinery & Equipment (3533), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

LNG Regasification Terminals (Onshore & FSRU) (EUALAFAB)

akta.pro secondary industries

LNG Import/Export Terminals & Storage (Regas, Peak Shaving, Small-Scale LNG) (EUALAEAD), LNG Import/Export Terminals (Liquefied Natural Gas) (TLAHABAL)

Keywords

• Floating LNG terminals
• FSRU operations
• LNG regasification services
• LNG marketing and supply
• Integrated LNG infrastructure

Headquarters

HQ city

The Woodlands

HQ country

United States

HQ region

North America

Offices14 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. FSRU and Terminal Services: Time charter revenues from deploying FSRUs to customers for regasification services, typically 10-15 year contracts with take-or-pay provisions
2. Gas and Power Sales: Sale of natural gas to end customers in newly liberalized gas markets, including power utilities, industrial users, and distribution companies
3. LNG Terminal Development and Operations: EPCIC (Engineering, Procurement, Construction, Installation, Commissioning) and operation of integrated LNG import terminals under long-term agreements
4. LNG Supply: Procurement and sale of LNG to customers under supply agreements, leveraging global sourcing capabilities and logistics expertise

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Excelerate Energy designs, deploys, and operates floating LNG import terminals using its fleet of FSRUs (Floating Storage and Regasification Units). Through its proprietary E-FIT model, the company provides fully integrated turnkey LNG solutions covering development, design, construction, installation, finance, and operation under long-term contracts. The company also engages in LNG marketing, supply, and direct gas sales to downstream markets.

Product overview

Excelerate Energy is a US-based LNG company offering flexible, fully integrated LNG solutions. The core offering centers on FSRU (Floating Storage & Regasification Unit) services and the E-FIT (Excelerate Flexible Integrated Terminal) model, which bundles development, design, construction, finance, and operation under a single contract. The company operates a fleet of 10+ FSRUs globally, providing regasification services at terminals in Bangladesh (Moheshkhali Floating LNG, Summit LNG), Argentina (GNL Escobar), Brazil (Guanabara Bay, Bahia TR-BA), USA (Northeast Gateway), UAE (Jebel Ali, Ruwais), Pakistan (Engro Elengy), and Finland. Additional services include LNG Marketing for supply and distribution, and integrated LNG, Gas and Power solutions connecting global LNG supply to downstream markets. The company recently expanded into Jamaica (2025) and is developing Iraq's first LNG import terminal (2025-2027).

Differentiator

Problem solved

Functional benefit

Brands

• E-FIT (Excelerate Flexible Integrated Terminal): Integrated LNG import terminal offering that bundles everything needed to access LNG into a single interface
• GasPort
• Hadera Deepwater LNG Terminal
• Luzon LNG

Quantifiable outcome

• 99.8-99.9% operational reliability across asset portfolio
• +6 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

13 partnerships are on record, tiered core and strategic.

• Jordan National Electric Power Company (NEPCO)coreStrategic or Co-development Partner · 7 May 2026Nine-month time charter for FSRU Excelerate Acadia at LNG facility in Aqaba, expected to begin operations mid-2026 and generate approximately $20 million adjusted EBITDA in 2026.
• Iraq Ministry of ElectricitycoreStrategic or Co-development Partner · 28 October 2025Binding commercial agreement for Iraq's first integrated LNG import terminal at Khor Al Zubair. Five-year regasification and LNG delivery agreement with baseline offtake of 250 MMscf/d. Capital costs of $520-550 million, with operations expected to start in 2027.
• PV GasstrategicStrategic or Co-development Partner · 14 March 2025Strategic partnership for U.S. LNG supply to Vietnam market, supporting Excelerate's expansion in Southeast Asia.
• PTSC (Vietnam)strategicStrategic or Co-development Partner · 23 September 2024Partnership to study FSRU-based solutions in Vietnam, exploring opportunities for LNG import infrastructure development.
• Federal Republic of GermanycoreStrategic or Co-development Partner · 25 October 20225-year charter for FSRU Excelsior at Wilhelmshaven LNG import terminal. Supports Germany's energy security and diversification from Russian gas.
• Hyundai Heavy Industries (HHI)coreStrategic or Co-development Partner · 4 October 2022Shipbuilding contract for new FSRU with 170,000 m3 storage capacity and 1,000 MMscf/d regasification capacity, delivery June 2026. First FSRU built by HHI for Excelerate.
• Gasgrid FinlandcoreStrategic or Co-development Partner · 1 May 202210-year time charter party agreement for LNG regasification services in Finland. FSRU Exemplar providing regasification capacity to support Finland's energy security.
• Summit Power InternationalcoreStrategic or Co-development Partner · 4 August 2017Summit LNG Terminal Company chartering FSRU from Excelerate for Bangladesh's second LNG terminal. 15-year agreement with 500 MMscf/d send-out capacity.
• Petrobangla (Bangladesh)coreStrategic or Co-development Partner15-year agreement for Moheshkhali Floating LNG terminal operations. World first fully integrated turnkey floating LNG terminal. Provides up to 500 MMscf/d of regasification capacity.
• Engro Corporation (Pakistan)coreStrategic or Co-development PartnerPakistan's first LNG terminal at Port Qasim with FSRU Exquisite. 15-year charter with the most utilized FSRU in the industry providing up to 690 MMcf/d.
• Petrobras (Brazil)coreStrategic or Co-development Partner15-year time charter for FSRU Experience at Guanabara Bay LNG terminal. Provides 170,000 m3 storage capacity and 22.5 million cubic meters/day sendout capability.
• QatarEnergycoreStrategic or Co-development PartnerLNG supply agreements for Bangladesh, providing cargoes under long-term contracts. Force majeure notices issued in March 2026 due to Strait of Hormuz closure.
• Engro Elengy Terminal Pakistan LtdcoreStrategic or Co-development PartnerPartnership with World Bank Group and Royal Vopak for Pakistan's first LNG terminal at Port Qasim, Karachi.

Scale indicators8 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Höegh LNG: One of the original major independent FSRU operators and Excelerate's most direct competitor. Operates a global FSRU fleet serving similar government and utility customers on long-term charters, directly competing for new FSRU awards.
• Golar LNG: Major floating LNG infrastructure company operating FSRUs and FLNGs globally. Competes with Excelerate for floating regasification contracts and is a technology peer in vessel-based LNG solutions.
• New Fortress Energy: Develops and operates fast LNG and floating LNG infrastructure with a focus on small-scale and mid-scale LNG import terminals. Direct competitor in floating LNG solutions, particularly in emerging markets, and was the seller of Jamaica assets acquired by Excelerate.
• Awilco LNG: Owns and operates a small fleet of LNG carriers with FSRU-capable vessels, competing with Excelerate for mid-term and seasonal regasification charter opportunities, particularly in European markets.

Emerging players

• Stolt-Nielsen Gas: Operates small-scale LNG distribution and bunker vessel infrastructure. Provides overlapping capabilities in the LNG-to-power and small-scale LNG distribution space, with growing competition in niche markets where Excelerate's larger FSRUs are oversized.
• AG&P (Atlantic, Gulf and Pacific Company): Develops and operates LNG import terminals and downstream gas infrastructure in emerging markets, particularly South and Southeast Asia. Competes with Excelerate in smaller-scale and developing-market LNG terminal projects.

Broad incumbents

• Snam: Major European natural gas infrastructure operator that is a partner with Excelerate on the Albania Vlora LNG project. Operates onshore LNG regasification terminals and competes for large-scale LNG infrastructure projects in Mediterranean and European markets.
• Royal Vopak: Global independent tank storage operator with LNG terminal joint ventures (including the Engro Elengy Terminal partnership with Excelerate in Pakistan). Competitor and partner in LNG storage and regasification infrastructure globally.

Regional players

• Engro Corporation: Pakistan's largest conglomerate and Excelerate's customer/partner for the Engro Elengy Terminal (Pakistan's first LNG terminal). Operates the offtake and gas distribution side of the project, representing a regional counterpart with overlapping LNG infrastructure interests.

Others

• Flex LNG: Pure-play LNG carrier owner-operator. While not a direct FSRU competitor, Flex LNG is a related marine LNG platform whose vessel economics and shipyard capacity decisions influence the broader floating LNG services market in which Excelerate operates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/excelerate_lp
• Facebookfacebook.com/excelerateenergy
• LinkedInlinkedin.com/company/excelerate-energy
• Instagraminstagram.com/excelerateenergy

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries9 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Excelerate Energy