Excelerate energy advances growth strategy with acquisition of jamaica downstream lng and power infrastructure business from new fortress energy

The woodlands, texas--(business wire)--excelerate energy, inc. (nyse: ee) (“excelerate” or the “company”) today announced that it has entered into a definitive agreement with new fortress energy inc. (“nfe”) (nasdaq: nfe) under which excelerate will acquire nfe's business in jamaica for $1.055 billion in cash. under the terms of the agreement, excelerate will acquire the assets and operations of the montego bay lng terminal, the old harbour lng terminal, and the clarendon combined heat and powe.
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