Blog Post
Excelerate Takes Delivery of FSRU Excelerate Sequoia
Jun 23, 2020
Excelerate has announced the company took delivery of its tenth FSRU the Excelerate Sequoia on June 10, 2020. The vessel was built by Daewoo Shipbuilding and Marine Engineering (DSME) in South Korea. Excelerate Sequoia has a storage capacity of 173,400 cubic meters and is capable of operating as both an FSRU and a fully tradable LNG carrier. In September of last year, Excelerate and Maran Gas Maritime Inc. (MGM) signed a five-year bareboat charter agreement (BBC) for the FSRU. Excelerate noted the company 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. “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.
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