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Excelerate signs LOI with DSME for seven FSRUs

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LNG Industry,

Excelerate Energy has announced that it has signed a letter of intent (LOI) with Daewoo Shipbuilding and Marine Engineering (DSME) for the delivery of up to seven newbuild floating storage and regasification units (FSRUs).

Under the LOI, Excelerate is able to order one FSRU in 2Q17. Although the specifications can be modified to suit project-specific needs, the initial specifications are for 173 400 m3 LNG FSRUs with a baseload send-out capacity of 1 billion ft3/d.

Rob Bryngelson, the CEO of Excelerate, said: “Excelerate Energy is very pleased to continue its longstanding relationship with DSME in building the industry's leading FSRUs. These vessels have been proven in long-term service as safe, efficient and reliable components of our comprehensive suite of LNG import solutions.

"We believe this is the right time to move forward with DSME as we continue to provide LNG import solutions in a timely and efficient manner around the world."

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