US FSRU player Excelerate Energy has increased its net income in the first quarter of this year compared to the same quarter last year and the prior quarter.
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The global LNG bunkering vessel fleet may need to more than double by 2030 as demand from LNG-fueled ships grows faster than the infrastructure required to supply them, according to classification society DNV.
US FSRU player Excelerate Energy confirmed that it has signed a seven-year charter agreement with a unit of Canadian firm Frontera Energy to deploy its FSRU to a new LNG import terminal under development in Colombia. Excellerate also confirmed that it purchased a TFDE LNG carrier to convert it to an FSRU.
A unit of Canadian firm Frontera Energy has entered into a deal with a US-based FSRU player to charter one floating storage and regasification unit which will be installed in Cartagena, Colombia. The company also entered into a take-or-pay agreement with Colombia's state-owned energy firm Ecopetrol to provide integrated logistics and LNG regasification services.