Excelerate has announced that it has executed a letter of intent with Daewoo Shipbuilding and Marine Engineering (DSME) for the delivery of up to seven floating storage and regasification units. The letter of intent gives Excelerate the ability to order one FSRU in the second quarter 2017.

According to Excelerate the initial specifications are for 173,400 m3 LNG FSRUs with a baseload send-out capacity of 1.0 Bcf/d, but can be modified to suit specific project needs.

"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," stated Excelerate Chief Executive Officer Rob Bryngelson. "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."

Hitachi High-Tech AW Cryo, Inc. LNG Transport Tanks

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