Regasification specialist Excelerate Energy is being put up for sale by its long-term US philanthropist investor George Kaiser.

TradeWinds has been informed that investment bank JP Morgan has been appointed to oversee the process.

Industry punters value Excelerate, which controls 10 floating storage and regasification units (FSRUs) and one conventional LNG carrier, at between $2.5bn and $3bn.

They indicate that Kaiser, 74, is keen to sell his entire position with immediate effect and suggest the whole process could be wrapped up by March or early in the second quarter of 2017.

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