AxDo Bahamas inks 11-year LNG supply deal with Excelerate to support bunkering hub
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by Admin
AxDo Bahamas, a joint venture between Swiss energy company Axpo and Bahamas-based energy and maritime logistics company Domicisle LNG, has signed an 11-year liquefied natural gas (LNG) supply agreement with US-based Excelerate Energy to support the development of an LNG hub in the Bahamas.
Under the agreement, announced on Thursday (5 November), Excelerate Energy will supply AxDo Bahamas with up to 16 trillion British thermal units (TBtu) of LNG annually, making the joint venture an anchor customer of the planned Bahamas LNG Hub.
The offshore LNG storage and distribution terminal is planned near Grand Bahama and is intended to serve marine bunkering, power generation and other downstream customers in The Bahamas and the wider Caribbean.
AxDo Bahamas was established in October 2026 to conduct small-scale LNG and bunkering operations in the region.
Axpo’s Head of Small-Scale LNG Daniele Corti, said: “Reliable access to energy is essential for the continued development of The Bahamas and the wider Caribbean. Axpo brings extensive experience in energy markets and international supply chains. This agreement allows us to apply that know-how to the Caribbean, working with key partners Excelerate and Domicisle to support the development of a flexible LNG hub for The Bahamas and the wider region.”
Domicisle LNG Chief Executive Officer Greg Buffington said the company’s focus is to make natural gas more accessible to power producers, marine operators and communities in The Bahamas.
Initial LNG deliveries are expected to begin in 2027, using existing LNG supply and logistics capabilities from Excelerate Energy’s Jamaica platform.
A second phase is expected to involve the deployment of a floating storage unit (FSU) near Grand Bahama in 2028, subject to permitting, construction timelines and other contractual provisions. The FSU will serve as the offshore storage and distribution terminal.
Located along a major Caribbean maritime corridor, Grand Bahama is expected to support LNG distribution for cruise ship bunkering, power generation and other regional demand.
Photo credit: Scott Graham
Published: 6 November, 2026
