Excelerate, AxDo strike 11-year LNG supply deal for Bahamas hub

Excelerate Energy and AxDo Bahamas signed an 11-year LNG supply agreement to support a planned offshore energy hub near Grand Bahama. The deal sets up deliveries of up to 16 TBtu a year and could expand LNG supply for The Bahamas and the wider Caribbean starting in 2027.

Why it matters: - The agreement gives the planned Bahamas LNG Hub a long-term commercial anchor before infrastructure is fully built. - The project is designed to expand LNG access for power generation, marine bunkering and other downstream users in The Bahamas and the wider Caribbean. - Grand Bahama’s location in a busy Caribbean shipping corridor could make the hub a regional logistics and energy-security asset.

What happened: - Excelerate Energy and AxDo Bahamas announced an 11-year LNG supply agreement supporting development of the Bahamas LNG Hub. - AxDo will serve as an anchor customer of Excelerate’s planned offshore LNG storage and distribution terminal near Grand Bahama. - The supply deal covers deliveries of up to 16 trillion British thermal units of LNG a year. - AxDo was established in October 2026 to handle small-scale LNG and bunkering operations in the region. - AxDo is a joint venture between Axpo and Bahamas-based energy and maritime logistics company Domicisle LNG.

The details: - The planned Bahamas LNG Hub is meant to support rising LNG demand in The Bahamas and across the Caribbean. - The project is intended to provide LNG storage and distribution services for marine bunkering, power generation and other downstream customers. - Initial LNG deliveries are expected to begin in 2027 using Excelerate’s existing LNG supply and logistics capabilities from its Jamaica platform. - A second phase is expected to include a floating storage unit near Grand Bahama in 2028. - That phase is subject to final permitting, construction timelines and other contractual provisions. - The floating storage unit will serve as the offshore LNG storage and distribution terminal. - Grand Bahama is positioned to support cruise ship bunkering, power generation and regional LNG distribution demand.

Between the lines: - The deal links Excelerate’s infrastructure with AxDo’s shipping and bunkering capabilities to build a fuller regional LNG value chain. - The agreement also gives Axpo a route to apply its international energy trading and supply experience in the Caribbean. - Domicisle’s local market knowledge could help the project navigate island logistics and customer access. - The structure suggests the hub is being built as both a Bahamas supply node and a broader Caribbean distribution platform.

What's next: - Excelerate and AxDo will work toward first deliveries in 2027. - The next milestone is the planned floating storage unit deployment near Grand Bahama in 2028, if permitting and construction advance as expected. - Further contract and project development steps will determine how quickly the Bahamas LNG Hub becomes operational at full scale.

The bottom line: - The agreement gives the Bahamas LNG Hub an early commercial base and a path toward becoming a regional LNG logistics center.