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.

- Advertisements -

Most Popular

NNPC, Golar plan to take FID on Nigerian FLNG project in 2024

State-run Nigerian National Petroleum Corp and floating player Golar LNG plan to take a final investment decision on a...

Venture Global LNG’s customers get access to Calcasieu Pass documents

The US FERC has ordered LNG exporter Venture Global LNG to provide its customers with documents about the commissioning...

QatarEnergy, ExxonMobil update on Golden Pass LNG work

Energy giants QatarEnergy and ExxonMobil released the latest construction update for their Golden Pass LNG export terminal on the...

More News Like This

Excelerate’s FSRU to visit yard for repairs

Excelerate Energy’s 138,000-cbm FSRU Summit LNG, which serves Bangladesh’s second LNG import terminal located offshore Moheshkhali Island in the...

Cyclone damages Excelerate’s FSRU in Bangladesh

Excelerate Energy's 138,000-cbm FSRU Summit LNG, which serves Bangladesh's second LNG import terminal located offshore Moheshkhali Island in the...

Hapag-Lloyd takes delivery of LNG-powered giant

Germany’s Hapag-Lloyd has taken delivery of a new ultra-large LNG-fueled containership from South Korea’s Hanwha Ocean. Hanwha Ocean, previously known...

Excelerate reveals growth plans

US FSRU player Excelerate Energy has revealed a list of 12 prioritized regasification projects as part of its expansion...