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.

30 September 2019

The Woodlands, Texas – Excelerate Energy L.P. (Excelerate) and Maran Gas Maritime Inc. (MGM) 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. MGM is currently building Hull 2477 at Daewoo Shipbuilding and Marine Engineering (DSME) shipyard and is scheduled for delivery in April 2020, when the BBC will start. The vessel will have a storage capacity of 173,400 m3 and will be capable of operating as both an FSRU and a fully tradable LNG carrier.

Hull 2477 will join Excelerate’s existing fleet of nine FSRUs, all built by DSME, and will serve Excelerate’s portfolio of regasification customers. Excelerate Technical Management, a wholly-owned subsidiary of Excelerate, will provide ship management for the vessel.

MGM’s owner John Angelicoussis stated, “We believe this transaction leverages the strengths of both our companies. Excelerate are market leaders in the FSRU space and we are delighted to have this opportunity to collaborate thereby securing a productive future for this state-of-the-art FSRU.”

Mr. Angelicoussis and Excelerate Managing Director and President Steven Kobos were present for the signing of the agreement.

Photo: From left to right, John Angelicoussis and Steven Kobos, Excelerate Managing Director and President.

September  26, 2019

The Woodlands, Texas – On September 20, 2019, Excelerate Energy L.P. (Excelerate) received the Notice to Proceed (NTP) from the Philippine Department of Energy (DOE) to develop a floating liquefied natural gas (LNG) import terminal in the Bay of Batangas per the DOE’s guidelines for “Rules and Regulation Governing the Philippine Natural Gas Industry.” The project, Luzon LNG, will supply natural gas, sourced from LNG, to existing and new gas-fired power plants in the region that provide electricity to Luzon including the area of Metro Manila. This abundant and secure source of gas supply will augment the existing gas production from the domestic Malampaya fields, as reserves from these fields begin to deplete.

“We are pleased to have received this significant approval from the Government of the Philippines in supporting the country’s long-term energy objectives – this is an important milestone to move the project forward,” stated Excelerate Energy Chief Commercial Officer Daniel Bustos. “We look forward to working with the government and private sector for the successful completion of the project that will enable Excelerate to invest in critical infrastructure allowing the country to continue on its current path of tremendous economic growth.”

The proposed project will be located offshore the city of Batangas to minimize the impact to the existing shipping traffic in the area and coastline. The terminal will utilize Excelerate’s state-of-the-art offshore technology specifically designed to perform in extreme weather conditions, like those of the Philippines, and has been proven at Excelerate’s operations in the Gulf of Mexico, the North Atlantic, Israel, and most recently, the Bay of Bengal.

“We commend the Government of the Philippines for requiring the structure of the project to include the challenging integration of LNG supply, technical procurement and implementation, and user agreements to the benefit of the country. Excelerate is the only company with the experience to deliver all that is required for this complex project – this will not be our first time,” continued Mr. Bustos. “We are in the unique position to offer the most industry experience to the Philippines to deliver a safe, efficient, and reliable project.”

Luzon LNG will combine all necessary elements to meet the region’s natural gas requirements including a fully-integrated turnkey floating LNG terminal, arranging the necessary supply of LNG and distribution of natural gas to end-users across Luzon. Excelerate will develop, design, permit, construct, finance, and operate the terminal.

Following the NTP, Excelerate will seek the necessary permits and raise financing for the project.

September, 24, 2019

Dhaka, Bangladesh On September 17, 2019, Excelerate Energy Bangladesh Limited (Excelerate) distributed over 1500 schoolbags and supplies to the students of Ghotibhanga Government Primary school located in the main fishermen’s village of Ghotibhanga in Moheshkhali, Bangladesh. The children ranged in age from Grades 1 to 8. This initiative is part of Excelerate’s ongoing community engagement and was aimed to promote education and to encourage local students to attend school regularly. Along with Excelerate representatives, local officials, school administration, and parents also participated in the program.

“A child can only succeed if they have the proper tools to do so,” stated Excelerate’s Managing Director Steven Kobos. “We are honored to support the communities in which we serve – especially when it comes to championing education and helping underserved students thrive in school. They, after all, represent the future of any community.”

In August, Excelerate distributed over 400 bags to the children of Dhalghatpara Primary School, also located in Moheshkhali.

“It was a real pleasure to see the excitement and happiness of all the kids after receiving the gifts,” stated Excelerate’s HSSE manager Adeeb Quader who helped present the school supplies. “We value our partnership with the community and local fishermen, and we look forward to more opportunities to support the families of this region.”

Last year, Excelerate began operations in the Moheshkhali region with its Moheshkhali Floating LNG (MLNG) terminal – Bangladesh’s first liquefied natural gas (LNG) import facility. The company also began operations at the Summit LNG terminal, owned by Summit LNG Terminal Co Ltd, in April. To date, Excelerate has successfully imported over 50 cargoes of LNG and delivered an excess of 150 million MMBtu of natural gas into the Bangladeshi market – representing an over 20 percent increase in gas supply during this period.

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