Excelerate signs 11-year LNG supply deal for Bahamas offshore hub

· Energy · Bahamas · United States

Excelerate Energy and AxDo Bahamas have signed an 11-year LNG supply agreement for a new offshore hub near Grand Bahama. The deal underpins a planned Caribbean LNG terminal and marks an expansion of floating and offshore import infrastructure into a region that has relied largely on oil-based generation. For Excelerate, the multi-year contract provides long-term revenue visibility for its floating storage and regasification business. The agreement also reflects a broader trend of LNG import projects spreading to smaller island markets seeking cleaner and more reliable power, with the terminal positioned to serve Caribbean demand once operational.

Why it matters：Long-term LNG deals for small island markets show gas import infrastructure spreading beyond major buyers, expanding the addressable market for floating terminals and regasification providers.

Key points

  • The supply agreement runs for 11 years.
  • The hub is planned near Grand Bahama.
  • Excelerate Energy and AxDo Bahamas are the counterparties.

Sources (original reporting)

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