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Excelerate Energy Lp News

27 Sep 2019

Excelerate to Build FLNG Terminal in Philippines

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, sourced from LNG, to existing and new gas-fired power plants in the region that provide electricity to Luzon including the area of Metro Manila. This abundant and secure source of gas supply will augment the existing gas production from the domestic Malampaya fields…

12 Feb 2019

FLNG Market Grows a CAGR of +93%

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, it said.Natural gas is consistently being used to substitute high pollutant fuels such as coal and fuel oil in power and industrial sectors in several countries.

15 Sep 2016

First Gas-Up Operation at Jebel Ali LNG Import Terminal

Excelerate's FSRU Explorer at DUSUP's Jebel Ali LNG Terminal in Dubai. (PRNewsFoto/Excelerate Energy L.P.)

Excelerate Energy L.P., in collaboration with Dubai Supply Authority (DUSUP), has completed the first commercial gas-up operation at DUSUP's Jebel Ali LNG Import Terminal via Excelerate's floating storage and regasification unit (FSRU) Explorer on August 31, 2016. The FSRU gassed-up all five tanks of a 173,000 m3 LNG Carrier, in a 17-hour period. DUSUP's ability to utilize the FSRU for these operations will allow LNG vessels departing regional dry docks avoid having to travel significant distances to perform this required step in the LNG cargo cycle, making Dubai a full-service LNG hub.

26 Jul 2016

Bangladesh LNG Terminal Edges Closer

Excelerate Energy L.P. (“Excelerate”), Petrobangla, and the Government of Bangladesh executed the Terminal Use Agreement (“TUA”) and the Implementation Agreement (“IA”) for the construction and operation of Bangladesh’s first LNG import terminal – Moheshkhali Floating LNG. Located offshore near Moheshkhali Island in the Bay of Bengal, the terminal will provide the crucial infrastructure required for the country to access natural gas from global markets. The signing of the agreements signals the commencement of the project and the approval to move forward to implementation. The terminal is expected to be in operation in 2018. The project is a result of the collaboration between Excelerate, Petrobangla, and IFC, a member of World Bank.

23 Jul 2015

Excelerate Energy makes Pakistan's first STS LNG transfer

On July 17, 2015, Excelerate Energy L.P. completed the first Ship-to-Ship (STS) transfer of LNG at the Engro Elengy LNG Terminal located in Port Qasim, Pakistan. Excelerate’s floating storage and regasification unit (FSRU), EXQUISITE, received 130,000 cubic meters of LNG from the FSRU EXCELERATE using the double-banked LNG transfer system. This transfer also marks the company’s 500th commercial STS operation using the double-banked cryogenic transfer system technology developed by Excelerate. Commissioned in late March of this year, the terminal initially employed the EXQUISITE for both cargo delivery and regasification purposes. The terminal will continue to receive LNG supply via periodical STS transfers allowing for the continuous flow of gas into the local gas distribution system.

21 Jul 2015

FSRUs Perform STS Transfer of LNG in Pakistan

FSRUs Exquisite and Excelerate performing first ship-to-ship LNG transfer in Pakistan. (Photo: Excelerate Energy L.P.)

Excelerate Energy L.P. completed the first ship-to-ship (STS) transfer of liquefied natural gas (LNG) at the Engro Elengy LNG Terminal located in Port Qasim, Pakistan on July 17, 2015. Excelerate's floating storage and regasification unit (FSRU) Exquisite received 130,000 cubic meters of LNG from the FSRU Excelerate using the double-banked LNG transfer system. This transfer also marks the company's 500th commercial STS operation using the double-banked cryogenic transfer system technology developed by Excelerate.

08 Jan 2015

Landmark STS LNG Transfer Achieved

Image: STS LNG Transfer (courtesy Exelerate Energy)

Excelerate Energy Performs 700th Ship-to-Ship Transfer of LNG. Excelerate Energy L.P. (Excelerate) completed its 700th commercial Ship-to-Ship (STS) transfer of LNG on January 7, 2015 in Escobar, Argentina at the GNL Escobar LNG import facility. Using Excelerate Energy's regasification vessel, EXEMPLAR and the conventional LNG carrier CADIZ KNUTSEN, 73,778 cubic meters of LNG were transferred using the double-banked LNG transfer system. Excelerate has successfully transferred over 74,000,000 cubic meters using its STS protocol – of the 700 operations, 602 have been with third-party vessels.

24 Feb 2014

Application Filed for First US Floating LNG Export Facility

By Timothy Gardner, Reuters Excelerate Energy LP said on Monday it has filed a formal application with the Federal Energy Regulatory Commission to build and operate the first U.S. floating liquefied natural gas export facility. The privately-held company hopes the facility, off the coast of Texas, will be operational in late 2018. Excelerate has federal approvals in place to export gas to countries with which the United States has free trade agreements. It is hoping to get approval from the Department of Energy to export to countries with which the United States does not have free trade agreements, and applied to do so in late 2012. (Editing by Franklin Paul)

05 Jul 2005

EXMAR Orders Fourth LNGRV

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.

22 Nov 2005

EXMAR, Excelerate Confirm Charter

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.