Excelerate Energy ( NYSE: EE ) announced Tuesday a 20-year agreement with Venture Global LNG to purchase 700K metric tons/year of liquefied natural gas from the Plaquemines LNG facility in Louisiana.
"Building a diversified LNG supply portfolio with strong partners like Venture Global will allow us to offer more flexible and cost-effective products to existing and new customers in downstream markets," President and CEO Steven Kobos said.
Excelerate Energy ( EE ) "continues to see increased demand for LNG infrastructure globally as countries seek flexible cleaner energy sources," Stella Mwende writes in an analysis published on Seeking Alpha .
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Excelerate Energy reaches 20-year LNG supply deal with Venture Global