Sunday, March 29, 2020

Excelerate Energy News

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…

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)…

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…

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.

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…

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)…

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 storag

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…

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…

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

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…

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…

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…

FSRU Enters Qatar Drydock for Maintenance

FSRU Exquisite (Photo: Nakilat)

A floating storage regasification unit (FSRU) owned by U.S. based Excelerate Energy will undergo drydocking, maintenance and upgrades at the Erhama Bin Jaber Al Jalahma Shipyard in Qatar, prior to…

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…

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…

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…

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.

Excelerate Buys EXMAR’s Share in Four FSRUs

(Photo: EXMAR)

Excelerate Energy has acquired the full 50 percent shares held by EXMAR in four companies, Excelerate NV, Explorer NV, Express NV and Excelsior BVBA, each owners of the respective Floating Storage…

Bangladesh, Qatar to Ink 15-year LNG Import Deal

File Image: A typical LNG Carrier at Sea (CREDIT: QGTC)

Bangladesh to take 1.8 mln T a year first 5 years, along with more spot cargoes. Bangladesh will sign a 15-year deal with Qatar's RasGas Co to import liquefied natural gas (LNG) starting in 2018 as…