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Excelerate Energy has entered into a shipbuilding option agreement with Daewoo Shipbuilding and Marine Engineering (DSME) for the delivery of up to eight floating, storage and regasification units (FSRUs) between early 2015-17.
The agreement affords Excelerate the ability to increase its fleet of nine FSRUs as global demand for LNG import solutions continues to expand rapidly.
The initial options are for 173,400 cu m LNG FSRUs that will measure 294 m (964 ft) in length and 46 m (150 ft) in width and will be capable of a baseload send-out capacity of 800 million cu ft of gas per day (MMcf/d) with peaking capacity in excess of 950 MMcf/d. The FSRUs will be based on Excelerate's ninth FSRU under construction at DSME and committed to the Petrobras VT3 project. The company has the option for smaller or larger capacity vessels depending on the future requirements of the market.
Edward Scott, Excelerate Energy's senior vice president of development, said, "As we see our existing assets being committed to projects and the worldwide market continuing to grow, we believe this is the right time to partner with DSME in order to continue to provide LNG import solutions in a timely and efficient manner."