Excelerate’s FSRU heads to Europe after completing Argentina job

Excelerate Energy’s 150,900-cbm FSRU Exemplar is heading towards Europe after the 2010-built LNG vessel completed its winter supply contract in Argentina.

The FSRU arrived at Argentina’s Bahia Blanca LNG terminal in May to deliver LNG for the 2022 winter season in Argentina.

Under the three-month contract the vessel received 12 LNG cargoes, according to US FSRU player Excelerate.

“Today, Exemplar departs Bahia Blanca and sails to dry dock in Spain for maintenance and winterization before sailing on to the Baltic Sea to provide LNG regasification services to both Finland and Estonia,” Excelerate said in a social media post on Wednesday.

This would be the first Atlantic crossing for the Argentine officers and crew of the FSRU, it said.

Excelerate’s Exemplar will serve Finland, Estonia, and other Baltic states under a 10-year charter deal the US LNG firm signed with Finland’s Gasgrid in May.

Prior to that, Finland and Estonia agreed to jointly charter an FSRU to import LNG, as European countries look to reduce reliance on Russian gas supplies.

The FSRU can supply more than 5 billion cubic meters per year of regasification capacity.

Gasgrid and compatriot Fortum recently finalized a deal to place the country’s first FSRU in the port of Inkoo.

Located on Finland’s south coast, the port in Inkoo is deep enough for the purpose and is close to pipelines along which gas flows to end-users in industrial and other sectors in Finland, Estonia, and the Baltic Sea region, Gasgrid said.

According to Gasgrid, work has already started on building the port structures and natural gas pipeline.

“The ambition is to begin deploying the LNG terminal vessel in December 2022,” it said.

Most Popular

Aramco eyes large LNG portfolio

Aramco's long-term ambition is to have a portfolio of 20 million tonnes per annum (mtpa) of LNG capacity, according to Aramco’s CEO, Amin Nasser.

Argentina’s Southern Energy takes FID on second FLNG

Argentina's Southern Energy takes FID on second FLNG

Energy Transfer in advanced talks to sell remaining Lake Charles LNG volumes

Texas-based Energy Transfer is in advanced discussions for the sale of the remaining offtake volumes from its proposed Lake Charles LNG export facility in Louisiana, according to its management.

More News Like This

GasLog Partners, Excelerate wrap up $27 million LNG carrier deal

GasLog Partners, a part of Greek LNG shipping firm GasLog, has completed the sale of a 2007-built steam liquefied natural gas carrier to US FSRU player Excelerate Energy.

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.

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.

Excelerate’s FSRU launched in South Korea

South Korean shipbuilder HD Hyundai Heavy Industries has launched Excelerate Energy’s new floating storage and regasification unit (FSRU).