Excelerate Energy News

 

Demand for FSRUs Soars as Europe Works to Cut Reliance on Russian Gas

Jun 21, 2022

Following Russia's invasion of Ukraine, European countries have escalated efforts to wean themselves off Russian gas. FSRUs increasingly are in demand to fill the gap.Following Russia's invasion of Ukraine, European countries have escalated efforts to wean themselves off Russian gas…

Ten Year Deal: Finland Charters Excelerate Energy's FSRU

May 20, 2022

U.S.-based LNG company Excelerate Energy and a subsidiary of Gasgrid Finland, a Finnish state-owned natural gas transmission system operator, on Friday signed a ten-year deal in Helsinki for the charter of a floating storage and regasification vessel (FSRU) that they said would provide 'flexible…

Canada: NOIA Rebrands to Energy NL

Mar 25, 2022

The Newfoundland and Labrador Oil and Gas Industries Association, founded in 1977 to represent the supply and service sector of the offshore oil & gas industry in the region, is now called Energy NL, as the company earlier this week announced changes to its 'vision…

Excelerate Sequoia FSRU Starts Operations in Brazil

Dec 10, 2021

Excelerate Energy has started natural gas deliveries to the Brazilian market at the Bahia Regasification Terminal (TR-BA) in Salvador, Bahia, in Brazil.Excelerate's floating storage and regasification unit (FSRU) Excelerate Sequoia, which has an LNG storage capacity of 173…

Excelerate, Petrobras Reach Deal on Bahia Terminal FSRU

Aug 30, 2021

Excelerate Energy will deploy one of its FSRUs in Bahia, Brazil, having recently successfully concluding negotiations with Petrobras over the tender process for the lease of the Bahia Regasification Terminal.Excelerate will deploy one of its…

Biden's Clean Energy Plan Critical to Revive Industry That Shed 840,000 Jobs in 2020

Jul 20, 2021

The U.S. energy sector lost 10% of its workforce last year due to the effects of the coronavirus pandemic, according to a report unveiled on Monday by U.S. government officials, who said President Joe Biden's clean energy plan was critical to reviving the industry…

Excelerate's FSRU Starts Operations in Argentina's Bahia Blanca

Jun 03, 2021

Excelerate Energy’s floating storage and regasification unit (FSRU) the Exemplar has begun operations in Bahia Blanca, a port city located 400 miles south of the Argentine capital Buenos Aires.The Exemplar, with a storage capacity of 150,900 m3…

Minesto, Schneider Electric to Build "Ocean Energy Farms"

Mar 12, 2021

Tidal energy developer Minesto said Friday it had signed an agreement with Schneider Electric to work together to develop and build ocean energy farms based on Minesto’s Deep Green technology.The collaboration between Minesto and Schneider Electric…

Nakilat Takes Over Management of FSRU Exquisite

Dec 21, 2020

Qatar-based energy shipping company Nakilat said Monday it had assumed the technical ship management and operations of the Floating Storage and Regasification Unit (FSRU) Exquisite from Excelerate.The FSRU is jointly owned by Nakilat and Excelerate through a joint venture established in 2018…

DSME Delivers Excelerate's 10th FSRU

Jun 23, 2020

South Korean shipbuilding firm Daewoo Shipbuilding and Marine Engineering (DSME) has earlier this month delivered a floating storage regasification unit (FSRU) to Excelerate Energy.The FSRU, named the Excelerate Sequoia, is Excelerate Energy's tenth FSRU vessel…

Excelerate to Manage FSRUs In-house

Feb 19, 2020

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…

Excelerate to Build FLNG Terminal in Philippines

Sep 27, 2019

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…

LNG Trailblazer Eisbrenner Dies at 58

May 13, 2019

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…

FLNG & FSRU Market Otlook

Feb 05, 2019

FLNG & FSRU: Which ones will clear the investment hurdle?IMA/World Energy Reports has just completed a 12-month detailed assessment of the floating liquefaction and regasification market. The 150+ page study examines future market opportunities in floating liquefaction and regasification…

Argentina to Export First LNG in 2019

Nov 21, 2018

Argentina is due to begin exports of liquefied natural gas from a part of its vast Vaca Muerta shale gas resource next year through a floating LNG liquefaction (FLNG) vessel provided by Exmar, the Belgian shipping company said on Wednesday.The operations…

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