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

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.

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.

Venture Global wins Calcasieu Pass arbitration against Shell

US LNG exporter Venture Global LNG has won an arbitration case against UK-based LNG giant Shell over LNG sales from the Calcasieu Pass plant in Louisiana.

More News Like This

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.

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.