LNG

Excelerate Energy, the US specialist and a market leader in floating storage and regasification units (FSRUs), is proceeding with an initial public offering of shares valued at a total of up to $384 million at a time when FLNG project interest is increasing worldwide.

Golar LNG Ltd shares plunged almost 8 percent after Chief Executive Iain Ross resigned after nearly four years with the Norwegian-founded LNG shipping and projects company as it was completing the sell-off of assets to US LNG-for-power projects company New Fortress Energy.