The Texas-based regasification and LNG trading specialist, in which trader RWE has a 50% stake, has formed Excelerate Liquefaction Solutions.
“ELS is progressing discussions with potential partners, investors, natural gas producers, and reserve owners in order to advance specific projects,” Excelerate senior vice president of development Edward Scott said.
“We’re taking a pragmatic approach towards the pursuit of liquefaction projects. With the scope and scale of investment required, it’s better to be right than first.”
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