PRESS RELEASES
DSME Cuts Steel for Excelerate Energy's VT3 Project
SEOUL, South Korea, Sept. 18, 2012 /PRNewswire/ -- On September 14, 2012, DSME held a steel cutting ceremony for Excelerate Energy's LNG regasification vessel Hull No. 2402, signifying the commencement of the construction process for the vessel. This vessel will ultimately provide service to Petrobras under long-term charter for its VT3 project in Guanabara Bay, Brazil, and is expected to be operational in the first half of 2014.
(Photo: http://photos.prnewswire.com/prnh/20120918/DA75854-a)
(Photo: http://photos.prnewswire.com/prnh/20120918/DA75854-b)
(Logo: http://photos.prnewswire.com/prnh/20111202/MM16235LOGO)
The vessel will be capable of operating as both a floating storage and regasification unit (FSRU) and a fully tradable LNG carrier. With a storage capacity of 173,400 m3 and sendout capability of 1 Bcf/d, it will be the largest and most capable FSRU in the industry.
ABOUT EXCELERATE ENERGY®
Excelerate Energy L.P. is a developer of LNG transportation and regasification infrastructure, a provider of LNG storage and regasification services, an importer of LNG and it recently entered into LNG production. Today, Excelerate Energy leads the industry in the development of innovative, flexible and less capital intensive floating LNG import solutions based on its dockside (GasPort®) and offshore (Gateway™) Energy Bridge shipboard regasification technology. The company also operates as a global LNG Marketing and Trading organization active in the short-term market. Headquartered in The Woodlands, Texas, Excelerate has an established presence in London, Dubai, Kuwait City, Buenos Aires, and Rio de Janeiro. For more information, please visit www.excelerateenergy.com.
SOURCE Excelerate Energy L.P.
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