Excelerate Energy Recipient of CWC LNG Technological Innovation 2016 Award

December 14, 2016

BARCELONA, SPAIN, – Excelerate Energy (“Excelerate”) is pleased to announce that it is the recipient of the CWC LNG Technological Innovation 2016 Award for its design and engineering achievements on the FSRU Explorer. The award was given on the evening of December 13, 2016, at the CWC Annual World LNG Summit Awards dinner held in Barcelona, Spain.

Now in its 17th year, the CWC World LNG Summit & Awards is recognized as the premier end-of-year gathering for the global LNG industry. This year’s Summit brought together over 500 LNG leaders to discuss the pertinent topics in the LNG industry. The CWC LNG Technological Innovation Award is presented to a company that, through technological improvement or change, has made a fundamental contribution in the production, transportation or regasification of LNG. The award is voted on by a panel of LNG industry professionals.

“We would like to thank CWC for honoring Excelerate Energy with this prestigious award,” stated Director of Business Development Aziz Kassim, who was present to receive the award on behalf of Excelerate. “We are humbled to have been selected by a panel of our peers. We would also like to thank our client, DUSUP, for allowing us the opportunity to deliver this innovative project to Dubai.”

The newly upgraded FSRU, currently under charter at DUSUP’s Jebel Ali Terminal in Dubai, is now one of the most fuel efficient and capable ships of its kind in the world. The vessel achieved the highest sendout rate of any FSRU in the world at over 1 billion cubic feet per day, and can now provide gas-up, cool-down, and loading services to LNG carriers and LNG powered vessels ‒ the only floating regas terminal to do such. Beyond the advanced capabilities of the vessel, the upgrades completed by Excelerate demonstrate the expanded role of FSRUs in the global market and their ability to adapt and grow with the markets they serve.

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