Excelerate Energy completed the acquisition of the Jamaica assets & operations business from New Fortress Energy for $1.05bn.

Excelerate Energy, a US-based LNG company, completed the acquisition of the Jamaica assets & operations business from New Fortress Energy, a global energy infrastructure company, for $1.05bn. “The closing of the sale of our Jamaican assets to Excelerate is a significant milestone for the Company as we streamline our operations and paydown corporate debt through asset sales. NFE has made a positive impact on Jamaica’s energy transition, and we are proud of the contributions our world class employees and assets have made in improving energy costs and reliability on the island. We are confident that Excelerate will continue NFE’s vision of providing reliable and cost-effective energy to Jamaica and continue to drive substantial progress towards improving Jamaica’s energy future,” Wes Edens, New Fortress Energy Chairman and CEO.