Excelerate inks agreement with Hyundai Heavy for newbuild FSRU
Excelerate Energy has signed a binding shipbuilding contract with Korea’s Hyundai Heavy Industries (HHI) for a new floating regasification and storage unit (FSRU) to be delivered in June 2026, it said on October 4.
The FSRU will have a storage capacity of 170,000 m3 and a maximum regasification capacity of 1bn ft3/day. It will be equipped with HHI’s proprietary LNG regasification system, dual fuel engines, a selective catalytic reduction system, and boil-off gas management.
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With this newbuild order, Excelerate will have 11 FSRUs in operation or under construction.