Excelerate Energy to Purchase New Fortress Energy’s Jamaican Assets and Operations for Over $1B

Excelerate Energy Inc. announced on Thursday that it had entered an agreement with New Fortress Energy, a New York-based energy infrastructure company, to acquire its Jamaican assets and operations for $1.055 billion.

The assets that The Woodlands-based LNG company will acquire in the deal are New Fortress Energy’s Montego Bay LNG Terminal, its Old Harbour LNG Terminal, and its 150 MW Clarendon heat and power co-generation plant, with Excelerate assuming all the material contracts currently in place for the facilities.