Excelerate Energy Marks Major Milestone in LNG Operations

Excelerate Energy Achieves 3,000th LNG Transfer Operation

Excelerate Energy, Inc. (NYSE: EE) has reached a significant milestone by completing its 3,000th liquefied natural gas (LNG) ship-to-ship (STS) operation. This remarkable achievement signifies a commitment to service and operational excellence in the LNG sector. This operation was accomplished on a notable day onboard the floating storage and regasification unit (FSRU) named Excellence, where it welcomed a cargo from Maran Gas Maritime Inc.'s LNG carrier, the Maran Gas Asclepius, at an LNG terminal.

Commitment to Safety and Reliability

David Liner, the Executive Vice President and Chief Operating Officer, emphasized that this milestone is a testament to Excelerate's relentless commitment to safety and innovation in the industry. Liner noted, "This achievement goes beyond just numbers; it reflects our dedication to continuously improving our operational standards while delivering energy safely to various markets." This commitment to safety and reliability has been a cornerstone of Excelerate's philosophy since they pioneered commercial STS transfers of LNG.

Impact on Energy Security

Since its inception, the MLNG terminal has been crucial in enhancing the energy security footprint, particularly in Bangladesh. Boasting a remarkable capacity of 600 million standard cubic feet of gas per day, the terminal continues to serve as a reliable energy source, promoting significant industrial development and job creation while adhering to sustainable practices. As Excelerate Energy continues to grow, it ensures that the regions it serves can count on stable energy supplies for various needs.

About Excelerate Energy

Excelerate Energy, Inc. is a U.S.-based company headquartered in The Woodlands, Texas. The firm is at the forefront of reshaping how global markets access cleaner energy alternatives. Utilizing its innovative approaches, Excelerate provides integrated services throughout the LNG value chain, aiming to deliver quick-to-market and reliable LNG solutions.

Global Presence and Services

Excelerate’s services range from flexible regasification using FSRUs to the development of critical infrastructure and LNG supply. The company's extensive footprint spans multiple global locations, which includes cities such as Abu Dhabi, Antwerp, Boston, Buenos Aires, Chattogram, Dhaka, Doha, Dubai, Hanoi, Helsinki, London, Rio de Janeiro, Singapore, and Washington, DC. Excelerate Energy continues to advance its role in the global LNG market, offering innovative solutions to meet diverse energy demands.

Frequently Asked Questions

What recent milestone did Excelerate Energy achieve?

Excelerate Energy completed its 3,000th LNG ship-to-ship transfer operation, marking a significant achievement for the company.

How does Excelerate Energy ensure safety in its operations?

Excelerate Energy prioritizes safety through continuous improvement and adherence to the highest operational standards while conducting LNG transfers.

Where is Excelerate Energy headquartered?

Excelerate Energy is based in The Woodlands, Texas, where it oversees its innovative LNG operations.

What role does the MLNG terminal play?

The MLNG terminal is essential in providing energy security, with the capability to handle significant LNG volumes, supporting industrial growth and sustainability in Bangladesh.

In which regions does Excelerate Energy operate?

Excelerate Energy operates globally, with a presence in multiple cities around the world, ensuring diverse market needs for cleaner energy solutions are met.

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