Excelerate Energy, Inc. (NYSE:EE) Q4 2022 Earnings Call Transcript

Steven Kobos: Sure. Look, we are excited about the opportunity with Venture Global and Plaquemines Phase 2 and the fact that Venture Global took FID on Plaquemines Phase 2 within €“ gosh, within a couple or three weeks of our announcement of the SPA. We’re excited about that. We thought it was a good opportunity. We saw low risk to those volumes. They’ve already executed with the same team before, and we thought it was a good add to our portfolio, the first to add to it that said, you know very well. We have a global footprint. We have global ambitions. And while we may very well wish to source additional U.S. volumes, we want a diversified LNG supply portfolio, and that’s why we remain and continue discussions with suppliers around the world.

We are determined that if we build this diversified LNG supply portfolio, with strong partners, it doesn’t matter where the strong partners are. But with strong partners like VG, it’s going to allow us to offer more flexible, more cost-effective products to existing and new customers. And based upon the locations, we’re somewhat agnostic in geography. I will tell you, in 2021, we sold four spot cargoes into Bangladesh, which were all sourced physically from the United States. So there really is no limit to where we can deliver these recently contracted volumes, but we’re going to keep our eyes open for opportunities that make sense and are accretive around the world.

David Havens: Okay, thank you.

Operator: We currently have no further questions. I would like to hand back to our CEO, Steven Kobos, for final remarks. Please go ahead.

Steven Kobos: Hey, thank you again to everyone who joined on today’s call. I’m proud of the progress we have made to date. And I want to thank the entire Excelerate team for making our first year as a public company a great success. As you’ve heard today, we are continuing to execute the strategic plan that we presented to investors last year. Although we’ve achieved several strategic objectives, we know there is still much work to be done. I’m going to look forward to providing you with additional progress updates in the coming months. But until then, if you have any questions, please feel free to reach out to Craig Hicks, our VP of Investor Relations. Thanks again.

Operator: Ladies and gentlemen, this concludes today’s call. You may now disconnect your lines. Thank you.