January 12, 2021

These women bring more than 40 years of combined experience in legal and human resources to the executive bench.

Excelerate Energy L.P. (Excelerate) has named Alisa Newman Hood as General Counsel and Amy Thompson as Chief Human Resources Officer.

“I personally want to congratulate Alisa on her promotion to General Counsel, while welcoming Amy to Excelerate’s management team,” said Steven Kobos, President and Chief Executive Officer of Excelerate. “Both women bring a unique background and sought-after skill sets that will be crucial as we continue working toward delivering real energy to markets across the globe. Alisa’s worldwide legal experience and energy policy expertise and Amy’s proven track record in leading teams and efforts focused on company performance complement our existing team. We look forward to their contributions.”

As Excelerate’s Executive Vice President and General Counsel, Alisa will leverage her impressive 20-year legal, government relations, and energy policy background for the company. Since joining Excelerate Energy in 2019 as Senior Vice President, she has provided legal advice and managed the company’s U.S. government relations function in Washington, DC. Before joining Excelerate, Alisa served as general counsel in three previous roles, including at Akfel Commodities, the parent company of the largest private importer of natural gas and largest trader of gas and power in Turkey, and at Aluminium Bahrain, where she guided the company through its IPO on the London Stock Exchange.

From 2012 to 2016, Alisa served as senior advisor to the US Special Envoy for International Energy Affairs at the State Department. She began her legal career in the project finance/ energy practice at White & Case LLP in New York and Washington. Alisa is a graduate of Brown University (BA) and Georgetown University Law Center (JD), where she has been on the adjunct faculty teaching oil and gas law since 2007.

Amy, Executive Vice President and Chief Human Resources Officer for Excelerate Energy, brings over 22 years of progressive human resources experience in global oilfield services organizations. Throughout her career, she has held various leadership roles in the U.S. and the Middle East. Prior to joining Excelerate Energy, Amy was Senior Vice President and Chief Human Resources Officer of Apergy Corporation, a leading provider of highly engineered technologies that help companies drill for and produce oil and gas. In this role, she led the human resources function when Apergy spun off Dover Corporation as a new public company. Before that, Amy held various HR roles within Baker Hughes Inc., Dover Corporation, and Oxy Oil and Gas. Alisa assumed her new role on January 1, 2021.  Amy joined Excelerate on December 7, 2020.

January 11, 2021

Excelerate Energy is pleased to announce the appointment and promotion of Md Habibur Rahman Bhuiyan to head up Excelerate’s business unit in Bangladesh as the role of Country Manager – Excelerate Bangladesh. This move is part of a broader reorganization of the company, as Excelerate Bangladesh looks to continue building on its existing local pool of skilled Bangladeshi employees to expand its presence within all facets of the country’s energy sector. Habib joined Excelerate in 2018 as Terminal Operations Manager of the Moheshkhali Floating LNG Terminal, where he oversaw the daily operations of Bangladesh’s first LNG import terminal.  

Habib has a long-decorated history in the Bangladesh Navy spanning 36 years. During his military career, he attained the rank of Commodore and received many senior-level appointments, including Assistant Chief of Naval Staff at Naval Headquarters and Commander of the Bangladesh Naval Fleet.

Outside the navy, Habib most recently held the position of Managing Director of Bangladesh Shipping Corporation, a state-owned company that provides freight-forwarding services to the local exporters, importers, and business houses. He also served as the Chairman of the Mongla Port Authority, which has a significant role in the overall economic development of the southwestern part of the country.

Excelerate’s Vice President of Asia Pacific Ramon Wangdi stated: “I would like to congratulate Habib in his new role to head Excelerate’s presence in Bangladesh as Country Manager. Bangladesh is a tremendously important market for Excelerate, and we are confident that, under his leadership, we will continue to grow sustainably in the region.”

“I am very proud to step into this new role as Bangladesh’s country manager at Excelerate – a world-class energy company,” stated Habib. “I feel my entire career has led up to this position, and I am excited to continue working with our local team members on our mission to deliver clean energy to Bangladesh.”

November 2, 2020

Excelerate Technical Management will ensure continued seagoing and shore-based operational excellence for customers

The Woodlands, TX – Excelerate Energy (Excelerate), a US-based LNG company, announced today the successful transition of Excelerate’s entire fleet of floating storage and regasification units (FSRUs) to Excelerate Technical Management (ETM), a wholly-owned subsidiary of Excelerate.

“Congratulations to our ship management team overseeing this effort and the 600 plus seafarers that supported,” said Steven Kobos, President and Chief Executive Officer of Excelerate Energy. “Transitioning 10 ships in 10 months is a tremendous accomplishment in any year, but especially in 2020. Through ETM, we look forward to continuing to provide the seamless service our customers have come to know and expect.” 

Excelerate began transitioning its fleet in February with the FSRU Experience after The Republic of the Marshall Islands and the Government of Belgium awarded Interim Documents of Compliance (DoC) under the International Safety Management (ISM) Code to ETM. Excelerate completed the transition of the tenth and final FSRU Excellence on October 28. As each FSRU undergoes scheduled maintenance and upgrades, Excelerate plans to repaint its vessels in the corporate brand colors and design.

“At Excelerate, we hold ourselves to the highest standards, and this transition gives us an opportunity to enhance our already rigorous safety management programs,” said Cal Bancroft, Executive Vice President and Chief Operating Officer of Excelerate Energy. “It also demonstrates our commitment to stewardship, accountability, improvement, and leadership and providing more flexible and seamless services to clients.”

With the transition to the new ship management, customers can continue to expect:

  • Consistency of operational excellence and approach to personnel development seagoing and shore-based, to ensure a high-performing organization;
  • Continuous development of robust environmental and safety culture;
  • Breadth and depth in ETM’s skillsets for today’s demands and tomorrow’s needs; and
  • Delivery of exceptional performance on a sustainable basis.

Excelerate reaches 1.06 BCF send-out of natural gas.

21 September 2020

Rio de Janeiro, Brazil  – On September 16, Excelerate Energy (“Excelerate”) successfully reached a send-out capacity of 1.06 billion cubic feet (BCF) of natural gas on its floating storage and regasification unit (FSRU) Experience – an industry record. The operation was completed during a performance test at the Guanabara Bay liquefied natural gas (LNG) regasification terminal in Rio de Janeiro, Brazil. The test was conducted as a requirement for authorization to expand the terminal’s operational capacity from .71 BCF to its maximum capacity of 1 BCF.

“This milestone is significant in that it demonstrates the capabilities of our FSRUs as a viable LNG importation solution that can grow with the changing needs of the market,” stated Excelerate Chief Commercial Officer Daniel Bustos. “We commend our crew for the safe and successful completion of this unprecedented test.”

23 June 2020

Expanded portfolio will provide more access to natural gas around the globe.

The Woodlands, Texas – On June 10, 2020, Excelerate Energy L.P. (Excelerate) took delivery of its tenth floating storage regasification unit (FSRU) the Excelerate Sequoia from Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in South Korea. The vessel has a storage capacity of 173,400 cubic meters and is capable of operating as both an FSRU and a fully tradable LNG carrier. In September of last year, Excelerate and Maran Gas Maritime Inc. (MGM) signed a five-year bareboat charter agreement (BBC) for the FSRU. Excelerate will have the option to purchase the Excelerate Sequoia during the five-year BBC.

“We are pleased to have the Excelerate Sequoia in our fleet to serve our portfolio of regasification customers,” stated Excelerate’s President and Managing Director Steven Kobos. “Since the delivery of the industry’s first FSRU in 2005, our technology has allowed us to quickly and reliably open new natural gas markets around the world. We have seen firsthand the difference our floating regasification terminals have made in communities who would have otherwise been locked out. We will continue to deliver affordable, clean energy to markets that need it.”

The vessel completed its first gas-up and cool-down operations at POSCO Energy’s Gwangyang LNG Terminal in Jeonnam, South Korea on June 21, 2020. The terminal is Korea’s first private LNG terminal and has carried out gas-trial and gas-up/cool-gown operations for more than 150 vessels since 2005. Gas-up is one of the mandatory procedures an LNG carrier must perform to make the vessel commercially ready to receive LNG cargoes.

Excelerate Sequoia joins Excelerate’s existing fleet of nine FSRUs, all built by DSME. Excelerate Technical Management, a wholly-owned subsidiary of Excelerate, will provide ship management for the vessel.

Delivered on June 10, 2020, the Excelerate Sequoia joins Excelerate’s fleet of nine FSRUs.

 

16 June 2020

Excelerate donates to Covid-19 Relief Effort at World’s Largest Refugee Camp

Dhaka, Bangladesh – Excelerate Energy L.P. (Excelerate) today announced that it has become a key sponsor of the HOPE Foundation for Women and Children of Bangladesh (HOPE Foundation) to support the organization’s COVID-19 relief efforts at the Rohingya camp outside Cox’s Bazar, Bangladesh – home to more than one million refugees. The donation will help fund the HOPE Isolation and Treatment Center, which is expected to open in late June.

With the first confirmed cases of COVID-19 appearing in mid-May, the HOPE Foundation, along with the Government of Bangladesh and other non-government organizations, has been rapidly working to establish community awareness programs and health facilities to reduce the risk of widespread infection to the vulnerable Rohingya population. The HOPE Isolation and Treatment Center will be a 50-bed isolation and treatment facility located adjacent to its existing 50-bed field hospital in the refugee camp. Excelerate’s donation will provide up to 10,000 patients a year with outpatient and in-patient services, diagnostics, critical care, emergency transportation, PPE for staff and surrounding community, staff training, and awareness programs. The project has also received donations from other key co-sponsors, including World Bank, Islamic Development Bank, and Direct Relief USA.

“We are honored to support the people in Bangladesh during these unprecedented times,” stated Excelerate’s Managing Director Steven Kobos. “We have worked in this community since 2018 and feel deeply for those impacted. We hope our contribution will provide the HOPE Foundation with the necessary means to help combat this pandemic in the communities that need it most.”

“We would like to thank Excelerate Energy for their generous contribution and strong support of the HOPE Foundation’s efforts in combating the effects of COVID-19 and other infectious diseases to the most vulnerable communities of Bangladesh,” said the founder and President of HOPE Foundation, Dr. Iftikher Mahmood. “This substantial donation will have a significant impact during these challenging times and creates a platform from which Excelerate and HOPE Foundation can continue to grow its partnership to provide lasting benefits to the communities we serve.”

Since 1999, HOPE Foundation has been providing quality health services to the most marginalized population in rural Bangladesh through education, community outreach, and compassionate healthcare. The foundation operates 20 facilities in the southern region of Bangladesh in the Cox’s Bazar district. The facilities include a 40-bed community maternity hospital, a 50-bed field hospital in the refugee camp, nine Sexual and Reproductive Health centers for refugees, and nine birth centers.

Excelerate began operations in Bangladesh in 2018 with its Moheshkhali Floating LNG (MLNG) terminal – the country’s first liquefied natural gas (LNG) import facility. The terminal provides much needed natural gas to the Chattogram region of Bangladesh to power homes and industry in the region.

Excelerate Technical Management receives Interim Documents of Compliance from the Marshall Islands and Belgium

19 February 2020

THE WOODLANDS, TEXAS – 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 Excelerate Technical Management (ETM), a wholly-owned subsidiary of Excelerate Energy L.P. (Excelerate). The ISM DoC authorizes ETM to operate as ship manager for Excelerate’s entire fleet of floating storage and regasification units (FSRUs). The Interim DoC is the result of an audit of ETM’s safety management system, confirming compliance with ISM standards which ensure the safe operation of its crew and vessels.

“Excelerate has achieved a company milestone with the successful launch of our ship management services. The Compliance certification is tangible evidence of the forward-thinking, dedicated effort of our team. We are pleased to offer our clients the advantages of integrated service as a fully independent provider of floating LNG solutions,” stated Excelerate President and Managing Director Steven Kobos. “As the largest and most reliable provider of FSRU-based services in the world, Excelerate has built a track record of delivering creative and timely energy solutions for over 15 years. We have endeavored over the past several years to integrate the components of our business that have the greatest impact on our ability to provide flexible and seamless service to our clients.”

Excelerate’s FSRU Experience is the first of its vessels under ETM ship management. The vessel recently left Navantia dry docks in Fene-Ferrol, Spain, on February 6, 2020, where she underwent scheduled maintenance and upgrades. Also, while in dry dock, the FSRU was rebranded and painted in Excelerate’s brand colors and design, the first of the fleet. Excelerate will transition its entire fleet to ETM ship management by the end of 2020.

“The physical rebranding of the fleet in our own colors reinforces that the Excelerate fleet as part of one effort and one culture committed to our core values,” Mr. Kobos explained. “The new livery identifies our assets across the world as uniquely Excelerate.”

The fleet will be repainted in the new colors as part of scheduled maintenance.

30 January 2020

PORT QASIM, PAKISTAN – Excelerate Energy L.P. (Excelerate) and Engro Elengy Terminal Ltd. (EETL) have signed a Heads of Agreement (HOA) for the expansion of the EETL liquefied natural gas (LNG) import terminal located in Port Qasim, Pakistan. Under the agreement, Excelerate will exchange its existing floating storage and regasification unit (FSRU) Exquisite with a newbuild FSRU, Hull 2477, which is currently under construction at Daewoo Shipbuilding and Marine Engineering (DSME) shipyard. Hull 2477 will increase EETL’s send-out capability by more than 150 million standard cubic feet per day (MMscf/d) and increase its LNG storage capacity from 150,900 cubic meters to 173,400 cubic meters. Excelerate will take delivery of Hull 2477 in April of this year, and EETL projects beginning expanded operations in Pakistan before winter 2020.

“We are proud to partner with Engro and Vopak on this expansion to help meet the growing demand for natural gas in Pakistan. We continuously work with our customers to ensure our terminals adjust to the changing needs of their markets,” Excelerate Chief Commercial Officer Daniel Bustos said. “In the nearly five years of essentially non-stop operations in Pakistan, we have a proven track record of safe and reliable operations at peak performance.”

CEO of EETL Jahangir Piracha said that “Excelerate Energy has been an excellent partner who has made it possible for EETL to cater to such a high level of utilization of our regasification capacity.  It is our trust in their operational excellence that we are now jointly undertaking the expansion of our terminal.”

The EETL terminal, Pakistan’s first floating LNG import terminal, began operations in March 2015. The terminal, which utilizes Excelerate’s FSRU Exquisite, has been delivering up to 690 MMcf/d of natural gas directly into Sui Southern Gas Company’ s natural gas pipeline system. The Exquisite currently fulfills as much as 15 percent of Pakistan’s domestic daily natural gas requirements and is recognized as the most utilized FSRU worldwide. EETL has imported over 275 LNG cargoes to date.

EETL is a joint venture between Engro Corporation and Royal Vopak of the Netherlands.

In September 2019, Excelerate and Maran Gas Maritime Inc. (MGM) signed a five-year bareboat charter agreement for Hull 2477. Excelerate has the option to purchase the FSRU at any time during the duration of the contract.

Nov. 7, 2019

Excelerate Hosts the Bangla LNG Workshop 2019 – Best Practices for LNG Market and Infrastructure

DHAKA, Bangladesh, — Excelerate Energy L.P. (Excelerate) hosted the Bangla LNG Workshop 2019 on November 6 in Dhaka. The one-day event brought together over 120 industry leaders in the public and private sector to discuss the pertinent topics surrounding the global LNG industry and gas markets as they pertain to Bangladesh.

Last year, Bangladesh became the 39th country to join the LNG import marketplace through the delivery of the country’s first LNG import terminal, Moheshkhali Floating LNG (MLNG). The workshop focused on the critical role LNG, along with new natural gas infrastructure, will play in facilitating Bangladesh’s growing economy and its ever-rising demand for energy.

Among the distinguished guests that attended the event, the Honorable Energy Advisor to the Prime Minister Dr. Tawfiq-e-Elahi Chowdhury and the Deputy Chief of Mission (DCM) JoAnne Wagner of the United States Embassy Dhaka delivered keynote speeches.

Commenting on the first year of importing LNG, Dr. Chowdhury stated, “Sometimes if you want to make fast progress, gut and intuition must work. And those things make a difference in terms of speed.” He continued, “I am happy to say the supply has been consistent, and Excelerate has done a great job in a short period of time, and I keep saying this is a job we did together. I hope this continues.”

“We believe energy, and LNG in particular, is perhaps the most exciting [sector],” stated DCM Wagner. “We think that by developing a free and open natural gas market throughout the Indo-Pacific, the United States is absolutely committed to bolstering a resilient, reliable energy supply that can support stability and shared prosperity right here in Bangladesh.”

Bangladesh has astonished the world with its dramatic entry into the LNG market. To receive more than one percent of total global LNG production in the first 12 months of operations is truly a remarkable achievement,” stated Excelerate President and Managing Director Steven Kobos. “The Government of Bangladesh and Petrobangla have a lot to teach the rest of the world about how to put together a successful LNG import program.”

Also in attendance was the H.E. Ambassador Ahmed Mohammed Nasser Al-Dehaimi of the State of Qatar to the People’s Republic of Bangladesh and the H.E. Ambassador of the Republic of Korea Hu Kang-ild. Representatives from IFC, Qatargas, Atlantic Council, Boskalis, Cheniere, The Lantau Group, Mayer Brown, Poten & Partners, Royal HaskoningDHV, Siemens Bank, and Technica participated in the workshop.

In its first year of LNG imports, Bangladesh has successfully delivered 60 cargoes (equivalent to 3.6 million tons of LNG) imported from eight countries, providing over 180 million MMBtu of gas into the Chattogram region of the country. LNG imports represent a 15 percent uplift in gas supply for the country, allowing for several power plants, fertilizer factories, and industries that had previously been shut down due to a lack of feedstock, resume production.

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