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.
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.