Excelerate up on 10-year FSRU charter deal with Petrobras

Excelerate Energy

17/10/2023 16:45

** Shares of LNG company Excelerate Energy  EE.N  up 3.3% at
$16.67
    ** EE signs 10-year deal with Brazil's Petrobras  PETR4.SA 
to charter floating storage and regasification unit (FSRU)
Sequoia
    ** Under the deal, starting Jan. 1, Excelerate will continue
to deploy the Sequoia to provide regasification services in
Brazil, primarily at Bahia Regasification Terminal in Salvador
    ** Since 2012, Excelerate has provided regasification
services in Brazil at Petrobras's LNG import terminals
    ** EE is down 33.7% so far this year

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94
 ;))