Excelerate wraps up 3000th STS LNG op

with QatarEnergy, Excelerate will buy up to one million tons per annum of LNG from QatarEnergy to be delivered to FSRUs in Bangladesh for 15 years starting in January 2026.

Excelerate will buy 0.85 Mtpa of LNG in 2026 and 2027, and one Mtpa from 2028 to 2040.

Eleven FSRUs

Excelerate said it conducted the industry’s first commercial STS transfer of LNG back in 2007.

In April 2021, the US firm completed its 2000 STS transfer, and this milestone was also achieved at the MLNG terminal.

Excelerate operates ten FSRUs, one of the world’s largest fleets of such vessels, and these units are located worldwide.

In addition to these 10 FSRUs, Excelerate also ordered one 174,000-cbm FSRU at South Korea’s HD Hyundai Heavy Industries in 2022.