US gas shipper Excelerate Energy cuts LNG trading desk jobs
LONDON/MILAN (Reuters) -- US gas shipping company Excelerate Energy has laid off six staff on its global liquefied natural gas (LNG) trading desk as part of a reorganization, a spokeswoman at the company confirmed this week.
Texas-based Excelerate said the commercial trading and chartering team was being downsized, but the company would continue to be active in those areas.
Founded by Oklahoma billionaire George Kaiser, Excelerate currently owns the world's largest fleet of floating LNG import terminals, with a total of nine floating storage and regasification units (FSRUs).
"Today we have reached a point where we are close to fully committing our fleet to long-term projects," the company said in an emailed statement to Reuters.
"We believe that our commercial trading and chartering activities are best structured to support and complement to our regasification business, and have reorganised the commercial trading and chartering team to better align with our overall business development strategy."
(Reporting by Sarah McFarlane and Oleg Vukmanovic; Editing by Susan Fenton)
- ExxonMobil halts 1-Bft3d blue hydrogen project in Texas
- Aramco and Yokogawa commission multiple autonomous control AI agents at Fadhili gas plant
- Ukraine will resume gas imports via Transbalkan route in November
- Mitsubishi to inject $260 MM into Brunei LNG project
- Freeport LNG (U.S.) on track to take in more natgas on Thursday after unit outage
Comments