BarCap launches LNG services with Excelerate deal

Barclays Capital LNG Services will provide tailored solutions for the LNG industry, providing access to liquidity and markets, risk management, and credit and risk intermediation.

Excelerate, an LNG import and regasification company, will gain access to fixed-price hedging mechanisms through the deal, allowing it to optimise pricing for natural gas buyers and marketers. Additional services will include taking physical delivery, transport and optimisation of cargoes through profit-sharing between the two organisations.

“This agreement links the trading and risk management expertise of Barclays Capital with the LNG marketing expertise and industry-leading innovation of Excelerate Energy,” said Henry Weitzner, managing director and head of US natural gas and power trading at Barclays Capital.

“We are pleased to partner with Barclays Capital to develop new strategies for optimising our cargoes in the northeast,” said Andree Stracke, chief commercial officer at Excelerate Energy. “The solutions it is providing give us liquidity and flexibility in a volatile trading environment. As the northeast market is one of the most valuable in the Atlantic, this agreement provides better price stability for ourselves and our customers in the region.”

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