Ex­cel­er­ate En­ergy opens of­fice in Doha

Gulf Times Business - - FRONT PAGE -

US-based LNG com­pany Ex­cel­er­ate En­ergy L.P. marked the open­ing of its new of­fice in Doha with a cel­e­bra­tion at the Four Sea­sons yes­ter­day. The Wood­lands, Texas-based Ex­cel­er­ate En­ergy is a mar­ket leader in float­ing liq­ue­fied nat­u­ral gas (LNG) re­gasi­fi­ca­tion so­lu­tions.

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

Ex­cel­er­ate’s man­ag­ing di­rec­tor Steven Ko­bos said, “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.

“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% in­ter­est in Ex­cel­er­ate’s float­ing stor­age re­gasi­fi­ca­tion unit (FSRU) – ‘Ex­quis­ite’, the first such ves­sel to join the Nak­i­lat fleet.

Cur­rently in op­er­a­tion in Pak­istan, ‘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 at the cel­e­bra­tion were Nak­i­lat chief ex­ec­u­tive of­fi­cer Ab­dul­lah al-Su­laiti and chief of mis­sion and Chargé d´Af­faires of the US em­bassy in Doha, William Grant.

Ex­cel­er­ate En­ergy is part of a pri­vately-held US en­ergy group that also in­cludes Kaiser Fran­cis Oil Co, an E&P com­pany with pro­duc­tion in the US and Canada along with sig­nif­i­cant mid­stream as­sets, and Cac­tus Drilling Com­pany, the largest pri­vate drilling com­pany in the US.

Ex­cel­er­ate is the pioneer and mar­ket leader in in­no­va­tive float­ing LNG so­lu­tions, pro­vid­ing in­te­grated ser­vices along the en­tire LNG value chain with an ob­jec­tive of de­liv­er­ing rapid-to-mar­ket and re­li­able LNG so­lu­tions to cus­tomers.

Ex­cel­er­ate of­fers a full range of float­ing re­gasi­fi­ca­tion ser­vices from FSRU to in­fra­struc­ture de­vel­op­ment to LNG sup­ply.

Be­sides Doha, Ex­cel­er­ate has of­fices in Buenos Aires, Chit­tagong, Dhaka, Rio de Janeiro, and Sin­ga­pore.

Al-Su­laiti, Ko­bos and Grant jointly cut the rib­bon, mark­ing the open­ing of US-based Ex­cel­er­ate En­ergy’s of­fice in Doha yes­ter­day.

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