LNG company Excelerate Energy and QatarEnergy signed a 15-year LNG sales and purchase agreement (SPA) beginning January 2026, according to a Jan. 29 announcement.

Under the SPA, Excelerate agreed to purchase up to 1 million tonnes per anumm (mtpa) of LNG in Bangladesh from QatarEnergy on a delivered ex-ship basis.

Excelerate will purchase 0.85 mtpa of LNG in 2026- 2027 and 1 mtpa from 2028- 2040, the release stated.

“Qatar delivers approximately 10 percent of its current annual LNG production through Excelerate FSRUs [floating storage regasification unit], and we are pleased to unlock further new demand in the markets where we operate,” said Steven Kobos, president and CEO of Excelerate.

“This agreement highlights our ability to secure critical and affordable LNG volumes for our customers with increasing natural gas demand, while driving stable, long-term economic uplift on our existing infrastructure.”