Mexico Deepwater Port News

Exmar confirms a long-term charter party with Excelerate Energy LP, the liquefied natural gas shipper and marketers based in Woodlands, Texas, of a further liquefied natural gas regasification vessel (LNGRV). The vessel will be built by Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME) as DSME Hull No. 2254 and will be named the EXPLORER. The EXPLORER, the ownership of which will be a Exmar 80% / Excelerate Energy 20% joint venture, will be constructed using the membrane containment system together with Excelerate’s Energy Bridge™ technology and will have a capacity of approximately 150,900 m³ with delivery in the 1st quarter of 2008.

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.