Latest news with #ExcelerateEnergy
Iraqi News
2 days ago
- Business
- Iraqi News
US Excelerate Energy seeks to equip Iraq with LNG import station
A senior Iraqi official told Bloomberg that US-based Excelerate Energy is one of the bidders in a tender to set up a floating liquefied natural gas (LNG) import station in southern Iraq. The acting director of Iraq's South Gas Company (SGC), Ali Salman, told Bloomberg that the Iraqi government, which seeks to reduce its reliance on Iranian gas to generate electricity, is in advanced negotiations with the US firm for an LNG import terminal at the Khor Al-Zubair port near Basra. Iraq has always relied on Iran for natural gas and energy supplies. Despite being a large oil producer, Iraq has historically seen high volumes of associated gas flared rather than captured. Iraq frequently experiences frequent outages during the summer months, when electricity consumption is the highest, due to Iran's unpredictable and inadequate gas and power supplies. In February, SGC's director Hamza Abdel-Baqi stated that Iraq will award a contract for the construction of a gas platform and pipelines that connect the facility with onshore pipelines to facilitate the delivery of gas to power plants in southern Iraq. To satisfy the demands of the country's power plants, the Iraqi government is constantly working to get gas supplies from countries other than Iran, in addition to its ongoing efforts to become self-sufficient in gas. Last October, the Iraqi Ministry of Electricity and Turkmenistan reached an agreement to provide Iraq with up to 20 million cubic meters of gas each day. As previously stated by Iraq's Electricity Minister Ziyad Ali Fadel, the arrangement will assist in guaranteeing that Iraq's gas-fired power plants receive the necessary fuel.
Shafaq News
2 days ago
- Business
- Shafaq News
Iraq eyes first LNG imports from US
Shafaq News – Baghdad Iraq is moving closer to launching its first liquefied natural gas (LNG) import terminal as it advances negotiations with US-based Excelerate Energy, a senior Iraqi official confirmed on Thursday. According to OilPrice, the state-run South Gas Company is overseeing the project, which centers on establishing a floating storage and regasification unit (FSRU) at the Khor Al-Zubair port in Basra, southern Iraq. The proposed facility would enable the country to receive, store, and convert LNG into natural gas for use in its power sector. Excelerate Energy, which develops and operates floating LNG terminals and infrastructure, is one of the top bidders for the project, and discussions are reportedly in an advanced phase.
Yahoo
07-06-2025
- Business
- Yahoo
Jefferies Initiates Coverage of Excelerate Energy (EE) with a Buy Recommendation
Jefferies began coverage of Excelerate Energy, Inc. (NYSE:EE) on June 5, assigning the stock a Buy rating with a $39 price target, indicating an average upside potential of approximately 31%. Jefferies analysts noted that the company stands to profit from long-term LNG (liquefied natural gas) demand via its Floating Storage Regasification Unit (FSRU) and regas infrastructure, which signals consistent cash flows and limited commodity risk in the future. A bird's eye view of a natural gas pipeline stretching across the landscape. To capitalize on the LNG demand, Excelerate Energy, Inc. (NYSE:EE) is increasing its assets and enhancing integration by building a new FSRU, signing LNG Sale and Purchase Agreements (SPA), and purchasing New Fortress Energy Inc. (NASDAQ:NFE)'s LNG-to-power Jamaican assets. These tactical plays by EE are projected to strengthen its growth, combined with its solid financials and controlled debt. As Excelerate Energy, Inc. (NYSE:EE) slows down capital expenditure that supports its growth, analysts expect future free cash flow to increase, which in turn can possibly elevate its capital returns and valuation. The Buy rating shows Jefferies' confidence in the company's capacity to make strategic use of its existing infrastructure and contracts for sustained growth and value generation in the future. Excelerate Energy, Inc. (NYSE:EE) is a Texas-based provider of liquefied natural gas (LNG) solutions, specializing in regasification services using floating storage and regasification units (FSRUs) and building supporting infrastructure. While we acknowledge the potential of EE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
Yahoo
06-06-2025
- Business
- Yahoo
Jefferies Initiates Coverage of Excelerate Energy (EE) with a Buy Recommendation
Jefferies began coverage of Excelerate Energy, Inc. (NYSE:EE) on June 5, assigning the stock a Buy rating with a $39 price target, indicating an average upside potential of approximately 31%. Jefferies analysts noted that the company stands to profit from long-term LNG (liquefied natural gas) demand via its Floating Storage Regasification Unit (FSRU) and regas infrastructure, which signals consistent cash flows and limited commodity risk in the future. A bird's eye view of a natural gas pipeline stretching across the landscape. To capitalize on the LNG demand, Excelerate Energy, Inc. (NYSE:EE) is increasing its assets and enhancing integration by building a new FSRU, signing LNG Sale and Purchase Agreements (SPA), and purchasing New Fortress Energy Inc. (NASDAQ:NFE)'s LNG-to-power Jamaican assets. These tactical plays by EE are projected to strengthen its growth, combined with its solid financials and controlled debt. As Excelerate Energy, Inc. (NYSE:EE) slows down capital expenditure that supports its growth, analysts expect future free cash flow to increase, which in turn can possibly elevate its capital returns and valuation. The Buy rating shows Jefferies' confidence in the company's capacity to make strategic use of its existing infrastructure and contracts for sustained growth and value generation in the future. Excelerate Energy, Inc. (NYSE:EE) is a Texas-based provider of liquefied natural gas (LNG) solutions, specializing in regasification services using floating storage and regasification units (FSRUs) and building supporting infrastructure. While we acknowledge the potential of EE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
Business Wire
05-06-2025
- Business
- Business Wire
Excelerate Energy to Participate in Jefferies Energy Conference
THE WOODLANDS, Texas--(BUSINESS WIRE)--Excelerate Energy, Inc. (NYSE: EE) today announced that Steven Kobos, President and Chief Executive Officer, will participate in a panel discussion regarding the outlook for U.S. LNG and host one-on-one investor meetings at the upcoming investor conference: Jefferies Energy Conference | The Sanctuary at Kiawah Island in Kiawah, South Carolina Participation Date: June 10 – 11, 2025 ABOUT EXCELERATE ENERGY Excelerate Energy, Inc. is a U.S.-based LNG company located in The Woodlands, Texas. Excelerate is changing the way the world accesses cleaner forms of energy by providing integrated services along the LNG value chain with an objective of delivering rapid-to-market and reliable LNG solutions to customers. The Company offers a full range of services including floating storage and regasification units ('FSRUs'), LNG import infrastructure development, and LNG and natural gas supply. Excelerate has a presence in Abu Dhabi, Antwerp, Boston, Buenos Aires, Chattogram, Dhaka, Doha, Dubai, Hanoi, Helsinki, London, Rio de Janeiro, Singapore, and Washington, DC. For more information, please visit
