Deutsche Bank partners Excelerate in LNG off-take deal

In a deal that marks Deutsche Bank Energy Trading's first foray into the liquefied natural gas (LNG) markets, the bank teamed up with Houston-based LNG experts Excelerate Energy to sign a revaporised LNG off-take purchase agreement and asset management arrangement. As part of the deal, which was signed early in 2007, DB Energy Trading agreed to sell Excelerate's revaporised LNG cargoes entering the US via Excelerate's Energy Bridge System at both the Gulf Gateway and the Northeast Gateway

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