Excelerate in FSRU charter deal with Germany
Texas-based Excelerate Energy said October 25 it had signed a five-year charter contract with the German government to deploy its floating storage and regasification unit (FSRU) Excelsior to Germany.
The contract fulfills a term sheet signed by Excelerate and French multinational utility ENGIE in September to deploy an FSRU to a new LNG import terminal being developed at the German Port of Wilhelmshaven. The FSRU will also support Tree Energy Services’ planned green hydrogen import terminal there.
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“The deployment of the FSRU Excelsior to Germany demonstrates our commitment to strengthening energy security at a time when traditional energy sources have proven unreliable,” Excelerate CEO Steven Kobos, said. “FSRUs have the ability to offer flexible access to greater supply diversification and can serve as a complementary backstop for the rapid scaling of green energy projects.”
Excelsior is expected to go to charter in Q1 2023, providing 5bn m3/year of sendout capacity and 138,000 m3 of LNG storage capacity.