Excelerate Energy’s newly acquired Jamaica assets will serve as a regional hub for LNG distribution across the Caribbean.
Chief Executive Steven Kobos said Jamaica’s location gives it a structural cost advantage, given its proximity to the US, and will enable it able to respond quickly to regional demand.
In May, Excelerate completed its acquisition of the Montego Bay and Old Harbour LNG terminals, , along with the Clarendon combined heat and power plant, and small-scale LNG storage and regasification sites across the island.
Kobos said, “The Jamaica transaction represents a strategic inflection point for Excelerate. Our growth strategy has long included owning and operating downstream infrastructure assets and today, our business model reflects that ambition.”
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