Plans to sell off floating storage and regasification unit (FSRU) specialist Excelerate Energy have been shelved, with the company’s sole private shareholder — oil and gas magnate George Kaiser — opting to hold on to and grow the company.
In a statement given to TradeWinds, Kaiser said: “Last year, we commenced an effort to find a buyer for Excelerate Energy, which would be able to create integration economies to generate more value for the company than it would have as a freestanding entity.
