Excelerate Energy ties up with PV Gas for LNG supply

On March 14, Excelerate Energy announced that the company has signed an MoU with PV Gas to collaborate on securing a reliable and stable supply of LNG sourced from the United States as early as 2026.

Under the agreement, the two parties will also evaluate PV Gas LNG supply requirements and define a joint strategic framework through which Excelerate and PV Gas can execute LNG sourcing.

“We are pleased to partner with PV Gas on this significant opportunity,” said Oliver Simpson, executive vice president and chief commercial officer of Excelerate. “This collaboration underscores our commitment to helping Vietnam meet its growing energy needs while also providing a downstream market for US LNG supply. Together, we look forward to contributing to a sustainable and secure energy future for Vietnam.”

The collaboration between Excelerate and PV Gas showcases a mutual dedication to harnessing both companies’ distinct strengths and resources to provide affordable and dependable energy solutions that meet Vietnam’s increasing energy needs.

Excelerate is a US-based LNG company located in The Woodlands, Texas. Excelerate is changing the way the world accesses cleaner forms of energy by providing integrated services along the LNG value chain with the objective of delivering rapid-to-market and reliable LNG solutions to customers. The company offers a full range of services across the LNG value chain.

PV Gas is a Vietnam-based company engaged in integrated oil and gas operations. The company is involved in the extraction, refining, distribution, marketing and pipeline transportation of natural gas and gas related products, such as liquefied petroleum gas, compressed natural gas, liquefied natural gas, and condensate.

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