# Excelerate Energy signs LNG supply agreement for planned Bahamas hub

- **Source:** https://pelavox.com/excelerate-energy-signs-lng-supply-agreement-for-planned-bahamas-hub/
- **Publisher:** pelavox. (The voice of shipping)
- **Author:** Jason Nicholson
- **Published:** 2026-11-09T01:00:00+00:00
- **Updated:** 2026-11-08T11:39:16+00:00
- **Section:** Shipping / Gas Shipping
- **Type:** News
- **Topics:** AxDo Bahamas, Axpo, Bahamas LNG Hub, Excelerate Energy, Floating Storage Unit, LNG Bunkering

Excelerate Energy has signed an 11-year liquefied natural gas supply agreement with AxDo Bahamas Ltd., supporting the development of a planned offshore LNG storage and distribution hub near Grand Bahama.

AxDo, a joint venture between Swiss energy company Axpo and Bahamas-based Domicisle LNG, will become an anchor customer of the proposed Bahamas LNG Hub. The agreement provides for the delivery of up to 16 trillion British thermal units (TBtu) of LNG annually, with the project intended to serve marine bunkering, electricity generation and other regional gas customers.

Established in October 2026, AxDo focuses on small-scale LNG distribution and bunkering operations in the Caribbean. The partnership combines Excelerate’s LNG supply and infrastructure capabilities with Axpo’s international energy trading activities and Domicisle’s local maritime logistics and distribution operations.

## LNG deliveries to begin ahead of floating storage deployment

Initial deliveries are expected to begin in the first quarter of 2027, using Excelerate Energy’s existing LNG supply and logistics infrastructure in Jamaica. This arrangement would allow LNG distribution activities to commence before the installation of dedicated storage infrastructure in The Bahamas.

The second phase of the development involves deploying a floating storage unit (FSU) near Grand Bahama during the second half of 2028. The vessel would operate as an offshore LNG storage and distribution terminal, although its deployment remains subject to permitting, construction schedules and contractual conditions.

Grand Bahama’s position along established Caribbean shipping routes is expected to support demand for LNG bunkering, particularly from cruise vessels operating in the region. The planned facility is also intended to supply gas to power generation facilities and support smaller-scale LNG distribution across the Bahamian islands and neighbouring markets.

The companies have not disclosed the financial value of the LNG supply agreement or identified the vessel that would be deployed as the floating storage unit.

Oliver Simpson, Executive Vice President and Chief Commercial Officer of Excelerate Energy, said the agreement would support the development of new LNG markets by combining supply, logistics and infrastructure with regional distribution partners.

The agreement provides a long-term commercial foundation for the proposed Bahamas LNG Hub, although the infrastructure development and the timing of its full operational deployment remain dependent on the project’s subsequent approvals and implementation.

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Cite as: "Excelerate Energy signs LNG supply agreement for planned Bahamas hub", pelavox., 9 November 2026, https://pelavox.com/excelerate-energy-signs-lng-supply-agreement-for-planned-bahamas-hub/