Excelerate shrinks LNG trading staff as part of reorganization

Texas-based LNG player Excelerate Energy said it reduced the size of its commercial trading and chartering team as part of a reorganization.

The reorganization, made due to the near full commitment of Excelerate’s fleet to long-term projects, resulted in the elimination of six positions, a spokeswoman at the company told LNG World News in an e-mailed statement late Monday.

However, despite reducing the size of its trading and chartering team, Excelerate will continue to be active in those areas, the spokeswoman said.

Excelerate currently operates a fleet of 9 floating storage and regasification units (FSRUs), the largest in the industry, according to the company’s website.

As the scale and nature of our regasification projects grow, we see increasing opportunities for different types of integrated LNG solutions. To that end, we believe that our commercial trading and chartering activities are best structured to support and complement our regasification business, and have reorganized the commercial trading and chartering team to better align with our overall business development strategy,” the spokeswoman said.

 

LNG World News Staff

 

 

Share this article

Follow LNG World News

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

2nd Central and Eastern European Small Scale LNG Forum

The Forum is for LNG industry leaders, who want to keep up to date with Small-Scale LNG latest trends and many other topics!

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Houston / Feb 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >