GTT bags HHI tank gig for Excelerate’s FSRU

French LNG containment giant GTT has won a contract from South Korea’s Hyundai Heavy Industries to design the tanks of one 170,000-cbm FSRU the yard will build for US floating LNG player Excelerate Energy.

GTT said in a statement the tanks of the FSRU would feature the company’s Mark III Flex membrane containment system.

The Paris-based firm said HHI plans to deliver the unit in the second quarter of 2026.

To remind, Excelerate ordered this FSRU in October and will pay about $332 million for the unit.

This price is probably the highest price to date for a single FSRU of this or similar size.

Excelerate said the FSRU would have a maximum regasification capacity of one billion standard cubic feet per day (1,000 MMscf/d).

According to Excelerate, the vessel would feature HHI’s proprietary LNG regasification system, dual fuel engines, selective catalytic reduction system, boil-off gas management, and other technologies which would drive improved performance and efficiency while lowering emissions.

With this newbuild order, Excelerate will have 11 FSRUs in operation or under construction.

- Advertisements -

Most Popular

Perenco takes stake in Golar LNG

London-based oil and gas firm Perenco has purchased a stake in floating LNG player Golar LNG. According to a SEC...

Singapore LNG bunkering volumes hit new record

Singapore’s liquefied natural gas (LNG) bunkering sales reached a new record in May, according to Singapore’s Maritime and Port...

Singapore’s Temasek says to sell Pavilion to Shell

Singapore's investment firm Temasek said it had agreed to sell 100 percent of its shares in Pavilion Energy to...

More News Like This

CMA CGM inks LoI for LNG-powered containerships

French shipping giant CMA CGM, one of the world's largest backers of LNG as fuel, has signed a letter...

Excelerate says Bangladesh FSRU to resume ops by end of July

US-based Excelerate Energy expects its FSRU Summit LNG, which serves Bangladesh’s second LNG terminal located offshore Moheshkhali Island in...

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...

GTT gets approvals for its new LNG containment system

French LNG containment giant GTT has secured approvals from two classification societies for its Next1 LNG cargo containment system. GTT...