Excelerate Energy announced it has entered into a shipbuilding option agreement with Daewoo Shipbuilding and Marine Engineering for the delivery of up to eight Floating Storage and Regasification Units (FSRUs) between early 2015 and early 2017.
The initial options are for 173,400 cbm LNG FSRUs that will measure 294 meters in length and 46 meters in width and will be capable of a baseload send-out capacity of 800 MMcf/d with peaking capacity in excess of 950 MMcf/d.
The FSRUs will be based on Excelerate's ninth FSRU under construction at Daewoo 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. The new vessels will incorporate Excelerate Energy's proven Energy BridgeTM technologies and will represent the largest and most capable FSRUs in the world.
"Excelerate Energy is very pleased to continue its longstanding relationship with Daewoo in building the industry's leading FSRUs which, in long-term service, have proven to be safe, efficient and reliable components of our comprehensive suite of LNG import solutions," said Edward Scott, Excelerate Energy's Senior Vice President of Development.
"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 Daewoo in order to continue to provide LNG import solutions in a timely and efficient manner."