Excelerate Energy, Inc. announced that the Company and Petroleo Brasileiro S.A. signed a ten-year contract to charter the floating storage and regasification unit Sequoia. Under the Time Charter Party and Operation and Services Agreement (collectively, the Agreement), which will commence on January 1, 2024, Excelerate will continue to deploy the Sequoia to provide regasification services in Brazil, primarily at the Bahia Regasification Terminal (TR-BA) in Salvador, Bahia. This Agreement highlights Excelerate Energy's commitment to using its flexible FSRU fleet to enhance energy security and reliability for its customers around the world.

The deal also expands the Company's core regasification business, which allows for increased visibility to predictable near-term and long-term earnings and cash flows.