Excelerate Energy to acquire the Jamaica assets & operations business from New Fortress Energy for $1.05bn.

Excelerate Energy, a US-based LNG company, agreed to acquire the Jamaica assets & operations business from New Fortress Energy, a global energy infrastructure company, for $1.05bn. “This transaction with Excelerate is a meaningful step as we continue to streamline our operations. We are proud of the contributions we have made to Jamaica’s energy transition. Our Jamaican assets and employees are world-class and have played a significant role in improving both the cost and reliability of energy on the island, and we are confident that Excelerate will continue to drive meaningful progress for Jamaica’s energy future,” Wes Edens, New Fortress Energy Chairman and CEO.