EXMAR, Excelerate Confirm Charter

Tuesday, November 22, 2005
EXMAR confirms a long-term charter party with Excelerate Energy LP of a further liquefied natural gas regasification vessel (LNGRV). The vessel will be built by Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME), and will incorporate the GTT membrane containment system together with Excelerate’s Energy Bridge technology, with delivery in the 2nd quarter of 2009. Excelerate Energy LP will use the ship to deliver regasified LNG to the Gulf of Mexico Deepwater Port, and to support their application to construct a NorthEast Gateway - a deepwater port to be located offshore in Massachusetts Bay, near Boston in New England.

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