AxDo Bahamas and Excelerate Energy sign long-term LNG supply agreement

AxDo Bahamas, a joint venture between Axpo and Bahamas-based Domicisle LNG, has inked a 11-year agreement with US-based Excelerate Energy. This long-term LNG supply deal will bolster the development of the Bahamas as an LNG hub, centered around Excelerate Energy's proposed offshore LNG storage and distribution terminal near Grand Bahama Island.

AxDo Bahamas was founded in October 2026 to operate small-scale LNG and bunkering activities in the area. The partnership with Excelerate Energy for up to 16 trillion BTU of LNG annually forms a crucial commercial backbone for the planned Bahamas LNG Hub, promising a steady supply of LNG to meet the growing needs of The Bahamas and the wider Caribbean region.

The combination of AxDo's shipping and bunkering expertise with Excelerate's LNG infrastructure and supply capabilities aims to satisfy the escalating demand for LNG across The Bahamas and the broader Caribbean region. Axpo's Daniele Corti emphasized the significance of this agreement, stating that it allows Axpo to leverage its energy market and supply chain experience in the Caribbean region, working alongside Excelerate and Domicisle to create a flexible LNG hub for The Bahamas and the wider area.

Domicisle LNG's CEO, Greg Buffington, highlighted the agreement as a significant milestone for The Bahamas and for establishing a dependable LNG supply network across the islands. By merging Domicisle's local market understanding and distribution abilities with Axpo's global energy expertise and Excelerate's LNG infrastructure, they are laying a solid foundation for long-term energy security and economic growth in The Bahamas and the wider Caribbean.

Excelerate Energy's Oliver Simpson, Executive Vice President and Chief Commercial Officer, expressed enthusiasm about the Bahamas LNG Hub, highlighting its potential to unlock new opportunities under their integrated platform. The hub will provide LNG storage, logistics, and infrastructure for marine bunkering, power generation, and other downstream customers, while also broadening access to natural gas throughout the region.

The initial LNG deliveries are anticipated to commence in 2027, utilizing Excelerate's existing LNG supply and logistics capabilities from their Jamaica platform. A subsequent phase, involving the deployment of a floating storage unit near Grand Bahama in 2028, is contingent upon final permitting, construction timelines, and other contractual terms.

Grand Bahama, situated in one of the Caribbean's busiest maritime routes, offers a strategic location to support cruise ship bunkering, power generation, and regional LNG distribution, all while enhancing regional LNG logistics and energy security.