DSME Delivers Excelerate's 10th FSRU

June 23, 2020

World Energy Reports LLC.
Excelerate Sequoia.jpg

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. All ten FSRUs were built by DSME.

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, Excelerate Energy said. 

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

 

Floating Production Week delivers unrivaled overview, insight and analysis to the Offshore Floating Production Systems and Technology market

Floating Production Systems Report And Online Database

  • Monthly reports -- Our monthly reports provide a detailed snapshot of the business sector as of the middle of each month. More than 80 pages of data and industry analysis each month. Excel spreadsheets with each report enable subscribers to tailor the data presentation to their needs. In October of each year we provide a detailed five year forecast of production floater orders. In March of each year we fine tune the forecast and make revisions as needed.
  • Online database -- The online database is updated every day – with information direct from primary sources. In the database are details for 240 planned projects, 370 installations in service, 70+ floaters on order and 20+ floaters available. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database.
  • Customer support -- We are available to assist with technical questions about information in the database and reports -- and assist with any questions about using the database search tools.

Here's what you get!

Request a Free Sample Report