Excelerate Energy, AxDo Bahamas Ltd., an international leader in energy trading and marketing, and Bahamas-based energy and maritime logistics company Domicisle LNG announced an 11-year LNG supply agreement supporting development of the Bahamas LNG Hub.
AxDo will become an anchor customer of Excelerate’s planned offshore LNG storage and distribution terminal near Grand Bahama island.
The planned Bahamas LNG Hub is intended to support growing LNG demand in The Bahamas and throughout the Caribbean. The project is designed to provide LNG storage and distribution services for marine bunkering, power generation, and other downstream customers while expanding access to natural gas across the region.
Initial LNG deliveries are expected to begin in 2027 utilizing existing LNG supply and logistics capabilities from Excelerate’s Jamaica platform. A second phase is expected to include deployment of a floating storage unit (FSU) near Grand Bahama Island in 2028. The FSU will serve as the offshore LNG storage and distribution terminal.
Located in one of the Caribbean’s busiest maritime corridors, Grand Bahama is strategically positioned to support cruise ship bunkering, power generation and regional LNG distribution demand while enhancing regional LNG logistics capabilities and energy security.
