Excelerate extends FSRU charter deal with Dubai
Excelerate Energy announced on March 2 the extension of its time charter agreement with Dubai Supply Authority (DUSUP) for the FSRU Explorer.
Prior to this agreement, the FSRU had a remaining firm charter period of approximately three years. Under the terms of the new agreement, the time charter period will be extended by an additional five years from the end of the existing contract in the fourth quarter of 2025.
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The FSRU Explorer was chartered initially to DUSUP in 2015 to complement existing supply sources, and support Dubai's seasonal demand requirements. Located at DUSUP's Jebel Ali LNG import terminal, the Explorer has become an important part of Dubai's integrated supply infrastructure, supporting the overall security of natural gas supply and providing flexibility in Dubai's natural gas network, Excelerate said.