Excelerate and AxDo strike multi-year Bahamas LNG deal for Caribbean’s new terminal

Excelerate Energy and AxDo Bahamas have signed an 11-year LNG supply agreement for a new offshore hub near Grand Bahama.

The deal, starting in 2023, will supply LNG to the Caribbean region, with Excelerate providing the LNG and AxDo handling the distribution.

The new terminal is expected to boost regional energy security and reduce reliance on diesel.