Excelerate Signs Up DSME for More FSRUs
Excelerate Energy has executed a letter of intent with Daewoo Shipbuilding and Marine Engineering (DSME) for the delivery of up to seven floating storage and regasification units (FSRUs). The LoI gives Excelerate the ability to order one FSRU in the second quarter 2017.
“The agreement affords Excelerate the ability to respond to increasing market demand for natural gas as its existing fleet of nine FSRUs become committed to long-term projects,” the company said February 8.
Exquisite, in operation since March 2015 at Pakistan's Port Qasim (Credit: Excelerate Energy)
The initial specifications are for 173,400 m3 LNG FSRUs with a baseload send-out capacity of 1bn ft3/d, but can be modified to suit specific project needs. Excelerate partnered with DSME on its existing fleet of FSRUs, including the industry’s first regasification vessel the Excelsior, which have proven to be to be versatile in diverse environments around the world, the company said.
Excelerate has developed and commissioned ten floating LNG import facilities worldwide, with two currently in advanced stages of development in Bangladesh and Puerto Rico. The company announced February 1 it will deliver its second Pakistan FSRU following negotiations with a consortium comprising Engro, Fatima, and Shell.
Shardul Sharma