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

Samsung Heavy bags orders for six LNG carriers

South Korean shipbuilding giant Samsung Heavy Industries has secured contracts worth $1.54 billion to build six liquefied natural gas (LNG) carriers.

Woodside working to charter vessels to ship Louisiana LNG cargoes, CEO says

Australian LNG player Woodside is currently working through how many chartered liquefied natural gas carriers the company will need to ship cargoes from its Louisiana LNG export terminal in the US, according to CEO Meg O’Neill.

Flex eyes LNG carrier order

Norwegian owner Flex LNG is exploring with new and existing partners to join the company in ordering new liquefied natural gas (LNG) carriers, according to interim CEO Marius Foss.

More News Like This

Finland’s FSRU to be offline for August-October maintenance

Gasgrid's FSRU-based LNG import terminal in Finland's Inkoo will be offline until October due to a scheduled drydock visit by Excelerate Energy’s 150,900-cbm FSRU Exemplar.

Iraq shortlists two firms for LNG import terminal

Iraq has shortlisted two companies to install a floating storage and regasification unit (FSRU) at the Khor Al-Zubair port in Basra, according to Iraq's oil ministry.

Excelerate working to expand Jamaican LNG business

US FSRU player Excelerate Energy has already made some smaller investments to further optimize its recently acquired LNG business in Jamaica, according to CEO Steven Kobos.

Excelerate says purchased LNG carier set for FSRU conversion

US FSRU player Excelerate Energy confirmed on Monday that its recently purchased LNG carrier Excelerate Shenandoah is the company's first FSRU conversion candidate.