Industry milestone testament to company’s safe and reliable operations 14 years after pioneering technology

April 6, 2021

DHAKA, BANGLADESH – Excelerate Energy L.P. (Excelerate) completed its 2000th commercial ship-to-ship (STS) transfer of liquefied natural gas (LNG) on April 03, 2021, at Excelerate’s Moheshkhali Floating LNG (MLNG) terminal located offshore Bangladesh in the Bay of Bengal. Using Excelerate’s floating storage regasification unit (FSRU) Excellence and a conventional LNG carrier, 144,191 cubic meters of LNG were transferred using the double-banked LNG transfer system. To date, Excelerate has successfully transferred over 236,405,000 cubic meters of LNG using its STS protocol.

“Having achieved this milestone safely is a testament to the hard work and dedication of our team and vessel crews worldwide,” stated Chief Operating Officer Cal Bancroft. “Operating in challenging locations like the Bay of Bengal is why customers can count on our teams to deliver much-needed energy.”

Since 2018, Excelerate has provided clean, reliable energy to Bangladesh through its two FSRUs located offshore in the Bay of Bengal.  Both projects have represented a 20 percent uplift in gas supply to the country, allowing for a more resilient gas and power grid for the Chattogram region, which is home to residents, fertilizer factories, and several industries that were previously underserved. MLNG was the country’s first LNG import facility.

Pioneering and Leading STS Transfers Worldwide

Excelerate conducted the industry’s first commercial STS transfer of LNG in 2007. Since then, STS transfers have been commercially accepted and proven in a wide range of environments, including open ocean and protected bodies of water at various locations between the LNG load ports and market delivery points.

Excelerate has successfully imported over 157 cargoes of LNG and delivered an excess of 500 million MMBtu of natural gas into the Bangladeshi market to date. In March, the country reached its highest level of gas output with around 837 million cubic feet per day (MMcf/d) of natural gas as the government continues to increase its LNG imports to meet the rising domestic demand.

April 1, 2021

Excelerate Energy welcomes Damien Tay as Director of Downstream Business Development Asia Pacific (APAC). In this role, Damien will be responsible for originating and executing integrated LNG to power projects and downstream gas opportunities across the region. Damien joined the company on February 22, 2021 and will be based in our expanding Singapore regional office.

With several of the world’s fastest-growing economies located in APAC, the urgent need for expanding energy access to keep pace with demand is crucial for continued growth and quality of life in many of these countries. Excelerate currently operates three LNG terminals in the region, with a fourth terminal in the permitting phase.

Excelerate’s Vice President of Asia Pacific Ramon Wangdi stated: “Our strong commitment to addressing the long-term energy needs of the APAC region is evident with our continued investment in new talent like Damien. He brings over a decade of project finance and downstream development experience to Excelerate, and his expertise will help further expand our presence in Asia as a trusted, reliable energy provider.”

Prior to joining Excelerate, Damien was General Manager of Commercial Business Development at Summit Power International, the Singapore-based holding company for Bangladesh’s largest independent power producer, where he closed the project financings for the Summit LNG Terminal and two power plants (307 MW and 590 MW plants). Damien also held a position as a Business Developer in Glencore’s Oil & Gas projects team in Singapore, where he worked on the 12-month tolling arrangement in a 50:50 joint venture with BP, and subsequent bid for Jurong Aromatics Corporation, one of the world’s largest petrochemical plants. Before returning home to Singapore, Damien was at London-based Gasol, the lead developer of the €500m+ Malta LNG to power project, the EMEA region’s first such project integrating (i) LNG storage on a Floating Storage Unit and onshore regasification with (ii) a newbuild 215 MW CCGT plant.

Damien holds a Master of Finance from Cambridge University. He graduated from Singapore Management University with a Bachelor of Business Management.

March 30, 2021

Excelerate Energy is pleased to announce Engr. Kazi Md. Anwarul Azim as Director of Downstream Development for Excelerate Bangladesh. Bringing more than 20 years of project execution experience in the Bangladeshi oil and gas industry, he will lead the company’s expansion across Bangladesh’s energy sector, including the areas of downstream gas distribution and power generation. Kazi joined the company on February 1, 2021.

Excelerate has a strong track record of bringing reliability, resiliency, and flexibility to Bangladesh’s energy system through its two floating storage and regasification units (FSRUs) located offshore in the Bay of Bengal. In order to support Bangladesh’s mission to expand its power capacity while reducing its reliance on power generated from other dirtier fossil fuels, Excelerate will deepen its trusted partnership with the country to increase the availability of clean, affordable power throughout the region.

Prior to joining Excelerate, Kazi spent the last decade as Deputy General Manager at Rupantarita Prakritik Gas Company Limited (RPGCL), a government-owned natural gas transportation and distribution company, where he led the efforts to establish its current LNG activities. Kazi also led the execution of LNG projects at Petrobangla, Bangladesh’s state-owned national oil company, where he worked to introduce LNG imports into the country. Kazi began his career as an engineer at Titas Gas, Bangladesh’s largest state-owned natural gas transmission and distribution company.

Kazi holds an MBA from the University of Dhaka’s Institute of Business Administration. He graduated from Bangladesh University of Engineering and Technology in Dhaka with a Bachelor of Science in Electrical and Electronic Engineering degree, First Class. He is an active member of the Institute of Engineers Bangladesh.

March 25, 2020

Excelerate Energy is pleased to share that Antonio Pinho has joined the team as Commercial Director for Brazil. His addition comes as Excelerate continues to strengthen its position in South America to meet the growing demand for reliable energy in the region. Antonio joined the company on March 4, 2021, and will provide new leadership for Excelerate’s Rio de Janeiro office.

Since 2012, Excelerate has provided regasification services to Brazil, complementing the country’s hydropower and diminishing pipeline imports. With demand for gas-fired power generation projected to rise over the next decade in South America’s largest economy, Brazil has aimed to establish a more competitive gas market with private participants. Antonio will lead Excelerate in bringing flexible, integrated LNG to power solutions to the country.

“Adding Antonio to our team in Brazil is a win-win for both Excelerate and Brazil, as we work hand in hand to deliver reliable energy to the region,” shared EVP and Chief Commercial Officer Daniel Bustos.  

Antonio brings over 20 years of experience in commercial and business development in the oil and gas industry. Prior to Excelerate, Antonio was the Business Development Director at Atlantic, Gulf, and Pacific Company (AG&P), a global gas and LNG logistics company, and focused on the development of regasification terminals and small-scale LNG projects in the Americas region. He also worked as Business Development Director for Zenith Energy, a global liquid bulk terminal company backed by Warburg Pincus, where he developed and executed several projects and M&A deals in the Americas and Europe. Antonio began his career at Vopak, a global leader in liquid bulk terminals, and spent ten years in several leading positions in sales, marketing, and business development in the Americas.

Antonio received his MBA in Marketing from the Fundação Getulio Vargas, Brazil. He graduated with a Bachelor of Science in Chemical Engineering from the University of Sao Paulo, Brazil.

March 18, 2021

Industry veteran Don Hubbard has joined Excelerate Energy’s development team as Vice President of Gas and Power. Don will reinforce Excelerate’s team as the company continues its aggressive push for further integration of the LNG value chain. Don joined Excelerate on March 1, 2021.

“Even with an abundance of LNG in the market, access to clean, reliable power is lacking in many regions of the world. Integrated power solutions are key to reducing energy poverty,” stated Daniel Bustos, Chief Commercial Officer of Excelerate. “We are fortunate to have Don join our team. As customers look for more integration in accessing reliable energy solutions, his experience and expertise support our expanding project development portfolio.”

With more than 30 years of experience in the finance and energy infrastructure sectors, Don has developed LNG to Power projects, LNG regas terminals, gas pipelines, and both greenfield power plant and power plant conversion projects. He began his operating career with The AES Corporation (AES), where he established AES’s Global LNG & Natural Gas Program.  Don also helped manage the AES Africa Power Company, which owned gas power plants in Nigeria and a vertically integrated utility in Cameroon that operated the national transmission and distribution system as well as thermal and hydropower plants. Since departing AES, he has worked with InterEnergy Holdings Ltd in developing LNG to Power projects requiring the conversion of power plants in Caribbean markets, including Jamaica and the Dominican Republic, and construction of a 50-kilometer gas pipeline in the Dominican Republic. Most recently, he was Director of Project Development at Hygo Energy (formerly Golar Power).

Don is a graduate of the U.S. Naval Academy, where he received a Bachelor of Science in a general engineering core curriculum. Don also holds a J.D. from the University of Maryland School of Law, where he was Editor-in-Chief of the Law Review.

March 12, 2021

LNG would bring reliability and diversity to Albania’s power supply portfolio and the Balkans

The Woodlands, TX – Excelerate Energy L.P. (Excelerate), ExxonMobil LNG Market Development Inc. (ExxonMobil), and the Republic of Albania (The Ministry of Infrastructure and Energy) signed a Memorandum of Understanding (MOU) on March 12, 2021, to conduct a feasibility study for the potential development of a liquefied natural gas (LNG) Project in the Port of Vlora in Southern Albania.

Under the MOU, Excelerate will conduct a study to explore the potential of an integrated LNG to power solution that includes developing an LNG import terminal, converting and/or expanding the existing Vlora thermal power plant, and establishing small scale LNG distribution to Albania and the surrounding Balkans region.  

“As Albania looks to improve energy security and resiliency, we are confident that an LNG solution would provide reliability to the country’s power grid while complementing intermittent renewables and alternative resources,” stated Steven Kobos, President and Chief Executive Officer of Excelerate. “We are pleased to work with our partners in developing a reliable and affordable solution for Albania’s energy resilience.”

Home to eight major river systems, Albania relies on hydropower plants, which can become unreliable during times of drought, to supply energy to the country’s 2.8 million residents. LNG would bring reliable, affordable, and cleaner energy to the region and complement Albania’s hydropower-based electricity production. As the leader in floating LNG regasification solutions, Excelerate Energy has delivered reliable, clean energy to markets across the globe, developing and operating 13 LNG terminals worldwide.  The Vlora project is the latest example of Excelerate’s emphasis on greater integration of services to serve gas and power customers better.

The Minister of Infrastructure and Energy, Belinda Balluku said, “Supply diversification and the enhancement of supply security are crucial to Albania and to our Balkan neighbors as well. We are confident that LNG can be the key to achieving these strategic objectives and to finally providing a solution to the complex Vlora TPP project by choosing the best partners, equipped to deliver a project of such magnitude.”

ExxonMobil, one of the largest natural gas producers in the U.S. and a significant producer of LNG around the world, will lead the charge on identifying opportunities to support the supply of LNG into Albania and the LNG Import Project, as a project of National Strategic Importance.

“LNG enables transportation of natural gas from supply centers to customers safely and cost effectively,” said Ed Austin, ExxonMobil LNG Strategy and Portfolio Manager. “While we are at the early stages of exploring this opportunity, ExxonMobil’s global resources and reliable LNG supply chain can help Albania meet its fast-growing demand for natural gas and ensure long-term supply security.”

The pre-feasibility report is expected to be delivered in Q3 2021, while the targeted start-up for the LNG Import Project could be as early as 2023.

LNG industry leader taking action to deliver on the shared responsibility to support seafarers with global partners spanning the maritime value chain

February 22, 2021

The Woodlands, TX – Excelerate Energy L.P. (Excelerate) joins forces with global companies and organizations to sign the Neptune Declaration on Seafarer Wellbeing and Crew Change, under Excelerate Technical Management (ETM), a wholly-owned subsidiary that is responsible for the management and welfare of seafarers and crews on Excelerate’s fleet of floating storage and regasification units (FSRUs).

Dedicated to overcoming the seafarer crisis to enable crew changes and repatriation, more than 500 entities spanning the maritime value chain have signed the Neptune Declaration. The declaration defines four main actions to facilitate crew changes and keep global supply chains functioning. They include:

  • Recognizing seafarers as key workers and give them priority access to Covid-19 vaccines;
  • Establishing and implementing gold-standard health protocols based on existing best practices;
  • Increasing collaboration between ship operators and charterers to facilitate crew changes; and
  • Ensuring air connectivity between key maritime hubs for seafarers.

“The declaration marks a significant moment in the industry where we commit to being a part of the collective group working to hold ourselves to the highest standards. We take great pride in joining this effort,” said Cal Bancroft, Executive Vice President and Chief Operating Officer of Excelerate Energy. “We have and will continue to be steadfast in our commitment to stewardship, accountability, improvement, and leadership as it pertains to all parts of our business.”

Excelerate began transitioning its fleet under ETM after outsourcing, beginning with FSRU Experience in February 2020 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. Excelerate completed the transition of the tenth and final FSRU Excellence on October 28, 2020.

The Neptune Declaration was developed by a task force of stakeholders from across the maritime value chain. Learn more about the Neptune Declaration and see the full list of undersigning companies and organizations here.

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.

We keep energy moving.

Complete flexibility to fit your needs – from FSRU to a complete gas delivery solution. Excelerate Energy is the only floating LNG provider offering services across the entire midstream LNG chain.