Excelerate takes delivery of tenth LNG FSRU

US floating LNG player Excelerate Energy has recently taken delivery of its tenth floating storage and regasification unit from South Korea’s Daewoo Shipbuilding and Marine Engineering.

Excelerate Sequoia has a storage capacity of 173,400 cubic meters and is capable of operating both as an FSRU and a fully tradable LNG carrier.

The US company and Greece’s Maran Gas Maritime signed a five-year bareboat charter deal for the vessel in September last year.

Under the deal, Excelerate will have the option to buy the FSRU during the five-year charter.

The vessel completed its first gas-up and cool-down operations at Posco Energy’s Gwangyang LNG terminal in Jeonnam on June 21.

The facility is Korea’s first private LNG terminal. It has carried out gas-trial and gas-up/cool-gown operations for more than 150 vessels since 2005.

Gas-up is one of the mandatory procedures for LNG carriers prior to making the vessels commercially ready to receive cargoes.

Excelerate Sequoia joins the US company’s existing fleet of nine FSRUs, all built by Daewoo.

Excelerate Technical Management, a wholly-owned unit of Excelerate, will provide ship management for the newbuild.

Most Popular

Venture Global’s Plaquemines LNG to commission fourth tank

US LNG exporter Venture Global LNG has received approval from the US FERC to commission the fourth storage tank with LNG at its Plaquemines plant in Louisiana.

Worley gets full notice to proceed on first phase of CP2 LNG project

Australian engineering firm Worley has received a full notice to proceed from US LNG exporter Venture Global LNG under its reimbursable EPC contract for the first phase of the CP2 LNG project in Louisiana.

US FERC issues final SEIS for NextDecade’s Rio Grande LNG project

The US Federal Energy Regulatory Commission (FERC) has released a final supplemental environmental impact statement for NextDecade's Rio Grande LNG facility and the accompanying pipeline in Texas. FERC continues to conclude that approval of the projects would result in "less than significant impacts."

More News Like This

Excelerate raises 2025 guidance after Jamaica deal

US FSRU player Excelerate Energy raised its full-year 2025 adjusted Ebitda guidance range following the recent acquisition of New Fortress Energy's business in Jamaica.

Hanwha Ocean says recovery in LNG newbuild market led by US projects

South Korean shipbuilder Hanwha Ocean expects the recovery in the LNG newbuilding market to be led by US export projects and the phase-out of steam LNG carriers.

Yang Ming books LNG-powered containerships in South Korea

Taiwan’s Yang Ming Marine Transport has decided to order LNG dual-fuel container vessels from South Korea's Hanwha Ocean as part of its ongoing fleet optimization plan.

Excelerate to install reliquefaction unit on Brazilian FSRU

US FSRU player Excelerate Energy has signed a deal with Brazil’s state-owned energy firm Petrobras to install a reliquefaction unit on the FSRU Experience, located in Brazil's Guanabara Bay.