Excelerate Energy News

19 Feb 2020

Excelerate to Manage FSRUs In-house

Image: Excelerate Energy L.P.

Houston-based Excelerate Energy’s unit, Excelerate Technical Management (ETM) has been authorized to operate as ship manager for its parent company’s entire fleet of floating storage and regasification units (FSRUs).The Republic of the Marshall Islands and the Government of Belgium have awarded Interim Documents of Compliance (DoC) under the International Safety Management (ISM) Code to ETM.The Interim DoC is the result of an audit of ETM’s safety management system, confirming…

31 Jan 2020

Partners to Expand Pakistan LNG Inport Terminal

(File photo: Excelerate Energy)

Excelerate Energy announced it has agreed with partner Engro Elengy Terminal Ltd. (EETL) to expand the EETL liquefied natural gas (LNG) import terminal in Port Qasim, Pakistan.Under the heads of agreement (HOA), Excelerate will exchange its existing floating storage and regasification unit (FSRU) Exquisite with a newbuild FSRU, Hull 2477, which is currently under construction at South Korea's Daewoo Shipbuilding and Marine Engineering (DSME) shipyard and due to be delivered in April 2020.

16 Jan 2020

Qatargas Delivers 1st Cargo to Summit LNG

Image: Qatargas

The world’s largest liquefied natural gas (LNG) producer Qatargas Operating Company Limited (Qatargas) has delivered the first Q-Flex cargo of the chilled fuel to the Summit LNG floating storage and regasification unit (FSRU) located offshore Bangladesh.The cargo, aboard Qatargas-chartered 'Al Safliya', was loaded at Ras Laffan Port on 27 December 2019 and delivered to the FSRU on 14 January 2020.This is the first commercial open water ship-to-ship transfer involving a Q-Flex…

08 Nov 2019

Small Scale LNG Market to Grow by 6.81%

Cryogas-Vysotsk is Novatek's first small-scale LNG production project. Photo: Novatek

Global small-scale LNG market is expected to rise from its initial estimated value of USD 29.31 billion in 2018 to an estimated value of USD 49.66 billion by 2026, registering a CAGR of 6.81% in the forecast period of 2019-2026.Increasing demand for the LNG is the major factor for the growth of this market, said Data Bridge Market Research.The small scale LNG is especially used for the places where there is less production of LNG and they also don’t require large plants. They usually use tanker…

01 Oct 2019

Excelerate Charters Out Maran Gas FSRU

From left to right, MGM owner John Angelicoussis and Excelerate Managing Director and President Steven Kobos sign the agreement. Photo: Excelerate Energy

Excelerate Energy and Maran Gas Maritime have signed a five-year bareboat charter agreement (BBC) for the floating storage regasification unit (FSRU) hull 2477.During the five-year BBC Excelerate will have the option to purchase Hull 2477. MGM is currently building Hull 2477 at Daewoo Shipbuilding and Marine Engineering (DSME) shipyard and is scheduled for delivery in April 2020, when the BBC will start.The vessel will have a storage capacity of 173,400 m3 and will be capable…

27 Sep 2019

Excelerate to Build FLNG Terminal in Philippines

Image: Excelerate Energy

Philippine authorities have given Excelerate Energy LP permission to proceed on plans to develop a floating natural gas import terminal to supply existing and new power generation.Texas-headquartered player in floating LNG regasification solutions, received a notice to proceed (NTP) from the Philippine Department of Energy (DOE) to develop Luzon LNG, which would be a floating liquefied natural gas (FLNG) terminal in the Bay of Batangas.The project, Luzon LNG, will supply natural gas…

22 Sep 2019

Petrobangla Gets 1st Q-Flex LNG cargo from Qatargas

Pic: Qatargas

Qatargas made its first liquefied natural gas (LNG) cargo delivery (LNG) on a Q-Flex vessel to the Floating Storage and Regasification Unit (FSRU) named ‘Excellence’ and known as Moheshkali LNG Terminal (MLNG), located offshore Bangladesh.According to a press release from the Qatargas Operating Company, the cargo, aboard Qatargas-chartered ‘Al Thumama’, was loaded at Ras Laffan on 4th September and delivered to MLNG on 20th September 2019. This is the first commercial open water ship-to-ship transfer involving a Q-Flex vessel.

08 Sep 2019

Exmar Expects Two VLGCs Delivery in 2021

Pic: Exmar

Belgium-based floating assets specialist Exmar said that it  has two newbuild 88,000 m³  Very Large Gas Carriers (VLGC) on order at Jiangnan Shipyard (China) which will use LPG as a fuel marking a new era for the Company and the industry.Both vessels are committed to a long-term charter with Equinor after delivery in 2021, said the provider of floating solutions for the operation, transportation and transformation of gas.Currently, Exmar controls one chartered vessel in this segment, the 83,300 m³ BW TOKYO that is chartered to Trafigura until the fourth quarter of 2019.

26 Aug 2019

Shipyard Focus: "Green Refits" Drive N-KOM

FSRU Repair @ N-KOM. Photo: N-KOM

Since it was founded, Nakilat – Keppel Offshore & Marine Ltd. (N-KOM) has completed almost 1,000 marine and offshore projects, with a significant number of drydocking and repairs undertaken for various types of vessels including LNGc, LPGc, VLCCs, oil/chemical tankers, cargo ships, dredgers, offshore support vessels, to name a few.The shipyard’s facilities include three VLCC sized docks (two graving docks and one floating dock), berthing capacity of 3,150 meters, specialized workshops and cryogenic cleanrooms…

23 Aug 2019

FLNG Market to Touch $17.5Bln by 2026

Photo courtesy: Höegh LNG

The global floating liquefied natural gas (FLNG) market is estimated to grow at CAGR above 5.2% over the forecast time frame 2019 to 2026 and reach the market value around $17.5 billion by 2026.Increasing demand for clean fuel techniques and increasing concentrate on sustainable energy blend will boost FLNG market growth, said a report by Acumen Research and Consulting.Rapid depletion of fossil fuel, combined with continuing carbon footprint reductions, will promote favorable company development.According to the International Energy Agency (IEA)…

28 Jul 2019

YPF to Ship Argentine LNG

Pic: Excelerate Energy L.P.

Argentine oil company YPF reached a preliminary agreement with Texas-based Excelerate Energy to hire a liquefied natural gas (LNG) tanker for shipping cargoes to global export markets.As per agreement, YPF will export LNG produced from the TANGO FLNG unit, located in Bahía Blanca.Both parties will be executing the final agreement in the coming days, with the objective of starting operations the first week of September.“We continue progressing in our ambition to add value to Argentine natural gas and to export surpluses during those months of low local consumption…

23 May 2019

FSRU: Bangladesh Terminal Makes First STS Transfer

Bangladesh's second liquefied natural gas (LNG) floating facility is set to receive its first ship-to-ship transfer of gas from an Algerian cargo, a spokeswoman from operator Summit LNG Terminal said on Thursday.'Summit LNG', the floating storage and regasification unit (FSRU), will receive 159,000 cubic meters of LNG from Oman Trading International, with the transfer expected to be completed by Thursday night.The LNG tanker, Creole Spirit, loaded gas from Bethioua, Algeria, she said, adding that a second LNG tanker is expected to arrive on June 3.The FSRU is 75% owned by Summit Corp, a unit of Summit Power International, while its remaining stake is held by Japan's Mitsubishi Corp.The FSRU started to feed gas to Bangladesh's national grid in late April after picking up its commissioning c

13 May 2019

LNG Trailblazer Eisbrenner Dies at 58

Kathleen M. Eisbrenner (Photo: NextDecade Corporation)

Kathleen M. Eisbrenner, a liquefied natural gas (LNG) industry pioneer and Founder and Chairman of the Board of Directors at US based LNG development company NextDecade Corporation, has passed away at the age of 58.Eisbrenner enjoyed a remarkable career, and was widely viewed as one of the foremost female executives in the global LNG industry. She founded NextDecade in 2010 and led the company to its listing on the Nasdaq Stock Market in July 2017. She served jointly as Chairman and Chief Executive Officer until February 2018…

02 May 2019

Bangladesh's 2nd LNG Terminal Begins Operations

Excelerate's FSRU “Summit LNG” Flowing Gas into Bangladesh. Image: Excelerate Energy

Bangladesh has employed its second liquefied natural gas (LNG) terminal with the beginning of operations of floating storage and regasification unit (FSRU) 'Summit LNG' offshore Moheshkhali Island in the Bay of Bengal.According to Excelerate Energy, the FSRU completed commissioning of the LNG terminal, owned by Summit LNG Terminal, on April 29, 2019. The terminal has a send-out capacity of 500 million standard cubic feet per day (MMscf/d) of natural gas.In August 2017, Summit entered into a 15-year charter agreement with Excelerate for the FSRU Summit LNG.

22 Apr 2019

Another LNG FSRU Ship Moors off Bangladesh

File Image: a typical FSRU vessel (CREDIT LR)

Bangladesh's second liquefied natural gas (LNG) storage and regasification vessel has moored off the country's coast, the ship's operator said on the weekend, gearing up to help supply the nation with the super-chilled fuel.The floating storage and regasification unit (FSRU) 'Summit LNG' is moored 6 km off the island of Moheshkhali in Cox's Bazar, Singapore-based Summit Power International said in a statement issued on Saturday.Summit, owned by Bangladeshi conglomerate Summit Group, said it had chartered the vessel, which is able to regasify 500 million cubic feet of LNG a day, from U.S.-based

24 Mar 2019

Nakilat - Keppel Completes First FSRU Project

Pic: Nakilat-Keppel Offshore & Marine (N-KOM)

Qatar-based Shipyard, Nakilat-Keppel Offshore & Marine (N-KOM) has recently received its first floating storage regasification unit (FSRU) project at the Erhama Bin Jaber Al Jalahma Shipyard.The FSRU owned by Excelerate Energy (USA) will undergo drydocking, maintenance and upgrades at the facility, which is renowned for its expertise in handling gas carriers.During its drydocking, the FSRU will undergo several modifications and retrofitting of new systems, including the installation of a ballast water treatment system (BWTS).

20 Feb 2019

Excelerate, Equinor Perform First STS LNG Transfer

Image: Excelerate Energy. L. P

The first ever ship-to-ship (STS) transfer of liquefied natural gas (LNG) was completed in The Bahamas by Excelerate Energy and Equinor Energy AS.According to Excelerate, which provides transportation and marketing of LNG, its floating storage regasification unit (FSRU) Exemplar and Equinor’s LNG carrier Arctic Voyager were used for the LNG transfer."A full LNG cargo was transferred using the double-banked LNG transfer system while moored at Equinor’s South Riding Point storage and transshipment terminal which is strategically located for storage and transshipment of crude…

12 Feb 2019

FLNG Market Grows a CAGR of +93%

FLNG: Shell Global

Global floating liquefied natural gas (FLNG) market is growing at a CAGR of +93% during forecast period 2019-2026 as the demand for natural gas has been rising as it is a preferred fuel in power generation in various industries.According to a report from Research N Reports, the demand comes from mainly for the regions such as North America, Europe, China, Japan, Southeast Asia and India.Natural gas is cleaner, safer, and more cost-effective than other fuels. It has the potential to significantly reduce greenhouse gas (GHG) emissions…

10 Feb 2019

Excelerate FSRUs Hit Send-out Milestone

Pic: Excelerate Energy L.P.

US-based LNG solutions company Excelerate Energy's  Northeast Gateway Deepwater Terminal (Northeast Gateway), located offshore Boston, reached a peak send-out flow rate of over 800,000 MMBTU per day of natural gas on February 1, 2019, a first for the terminal.The operation was completed by two of Excelerate’s floating storage regasification units (FSRUs), Exemplar and Express discharging in parallel through Excelerate’s proprietary offshore buoys.During the coldest days of the year, demand for natural gas from residential customers rises in New England.

21 Dec 2018

FSRU Suppliers Shift from Emerging Markets, Cut Back New Orders

Photo courtesy of Hoegh LNG

Political instability and low credit ratings in emerging economies are putting some shipowners off ordering new floating storage and regasification units (FSRUs), as they shift focus to more mature gas markets.Liquefied natural gas (LNG) demand from emerging markets in Asia, Africa and South America was expected to be boosted by FSRU technologies that are less expensive and time-consuming than onshore import terminals.But a boom in speculative FSRU orders from shipowners led to an oversupply of units this year as import projects across the world were delayed or cancelled…

11 Sep 2018

Excelerate, TGS Join for Argentina LNG Export Study

Image: Excelerate Energy

Excelerate Energy and Transportadora de Gas del Sur (TGS) have provisionally agreed to jointly assess the viability of an LNG liquefaction and export project at Bahia Blanca in Argentina.Argentina currently imports liquefied natural gas (LNG) through two floating import terminals, particularly during the country's peak winter consumption.The successful development of Argentina's shale gas reserves resulted in a potential excess of natural gas during the summer months. The project…

23 Aug 2018

Excelerate Energy Commissions Bangladesh’s First LNG Import Terminal

Photo: Excelerate Energy

Excelerate Energy Bangladesh completed the commissioning of its Moheshkhali Floating LNG (MLNG) terminal – Bangladesh’s first liquefied natural gas (LNG) import facility – signifying the official commencement of operations for the project.This milestone was achieved approximately 25 months after the execution of project agreements, which took place in July 2016, with the state-owned Bangladesh Oil, Gas & Mineral Corporation (Petrobangla) and 13 months following the receipt of all permits required to achieve financial close in August 2017 with its lenders…

30 May 2018

Flex LNG Steers Away From Floating Units as Challenges Emerge

Image Source: Gazprom’s Kaliningrad FSRU (MARSHAL VASILEVSKIY) (Flex LNG)

Flex LNG, a liquefied natural gas shipping company and part of the nautical empire of Norwegian billionaire John Fredriksen, has dropped its interest in operating floating regasification units due to project failures and low returns. Floating Storage Regasification Units (FSRUs) have been lauded by analysts as transformative for the LNG industry by opening up emerging markets to supplies as the vessels are cheaper to build than the onshore infrastructure normally needed to receive the super-cooled gas that is transported by ship.

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