Finland takes delivery of Excelerate FSRU

Excelerate Energy Inc.’s 5-billion cu m/year (bcmy) floating storage and regasification unit (FSRU) Exemplar has arrived at the port of Inkoo, Finland, loaded with a partial cargo which will be used for the terminal’s initial commissioning. Exemplar is chartered to Gasgrid Finland Oy for 10 years and will provide regasified LNG to Finland and other Baltic countries.

In addition to providing regasification services under the time charter with Gasgrid, Excelerate, through its recently formed Finnish gas marketing subsidiary, Excelerate Finland Gas Marketing Oy, has executed an agreement for the sale of commissioning volumes and regasification capacity rights during the commissioning phase.

Exemplar departed drydock in Spain on Dec. 6 following customer-requested winterization upgrades. It subsequently loaded its cargo via a ship-to-ship transfer with Excelerate’s FSRU Excelsior near Gibraltar.

The 5-bcmy Excelsior recently completed 10-year service in Israel and will go on charter to the Federal Republic of Germany for a 5-year term starting first-quarter 2023. Excelsior will be stationed in Wilhelmshaven as part of an LNG terminal being developed byTree Energy Solutions (TES) GMBH, E.ON SE, and Engie SA (OGJ Online, Oct. 25, 2022).