CALGARY, AB (By Frontera, 1.Jun.2026, Words: 312) — Frontera Energy Corporation formally became a fully focused, pure-play energy infrastructure company following the completion of the divestiture of its Colombian exploration and production assets to Parex Resources Inc. through its wholly-owned subsidiary Parex AcquisitionCo Inc. With the divestiture complete, Frontera is uniquely […]
Tag: FSRU
Excelerate Energy closes $1.055bn acquisition of NFE’s business Jamaica
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 14.May.2025, Words: 335) — Excelerate Energy, Inc. closed its $1.055bn acquisition of New Fortress Energy Inc.‘s business in Jamaica. Per the purchase agreement, Excelerate acquired the assets and operations of the Montego Bay LNG Terminal, the Old Harbour LNG Terminal, and the […]
Excelerate Energy inks MOU with Petrovietnam regarding US LNG supply
HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 14.Mar.2025) — Excelerate Energy, Inc. and a subsidiary of Vietnam Oil and Gas Group (Petrovietnam), Petrovietnam Gas Joint Stock Corporation (PV Gas), signed a Memorandum of Understanding (MOU) to collaborate on securing a reliable and stable supply of liquefied natural gas (LNG) sourced […]
Excelerate Energy reports record 2024 results, eyes buying LNG carrier in 2025
HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 26.Feb.2025) — Excelerate Energy reported net income of $46.1mn in the fourth-quarter 2024 (4Q:24) and $153mn for the full year 2024 as well as adjusted EBITDA of $91.6mn and $348.2mn, respectively. The Woodlands-based Excelerate also declared a quarterly cash dividend of $0.06 per […]
Excelerate Energy Achieves 3,000th STS LNG Transfer with FSRU Excellence
(Steve Stewart, Energy Analytics Institute, 6.Jan.2025) — On 28 Dec. 2024, The Woodlands, Texas-based Excelerate Energy, Inc. safely completed its 3,000th LNG ship-to-ship (STS) operation since the start of STS operations in 2007. The milestone was achieved onboard Excelerate’s floating storage and regasification unit (FSRU) Excellence. The vessel received a […]
Höegh Evi Transfers Ownership of FSRU Independence to KN Energies
(Energy Analytics Institute, 6.Dec.2024) — Höegh Evi officially transferred ownership of the floating storage and regasification unit (FSRU) Independence to KN Energies and the Republic of Lithuania. The transfer marks a significant milestone in the nation’s energy development. The FSRU was commissioned by Lithuania in 2014 and was engineered with […]
HD Hyundai Showcasing Eco-Friendly Future Technologies at Gastech in Houston
(Hyundai, 11.Sep.2024) — HD Hyundai will showcase the future of decarbonization and digital technologies at Gastech, the world’s largest gas exhibition. HD Hyundai has announced that it will participate in Gastech 2024, taking place in Houston, USA, from 17-20 Sep. 2024. The event is expected to host around 800 companies worldwide and attract over […]
New Fortress to Charter FSRU for LNG Import Terminal in Brazil
(Reuters, 6.Nov.2023) — Liquefied natural gas (LNG) developer New Fortress Energy said on Monday it has signed a deal to charter a floating storage and regasification unit (FSRU) from Brazil’s Petrobras starting in December. The company said FSRU Energos Winter will be immediately deployed to Terminal Gas Sul (TGS), New […]
Gas Entec Converts LNG Carrier to M-FSRU Unit for KARMOL
(AG&P, 9.May.2022) — GAS Entec, a subsidiary of Atlantic Gulf & Pacific International Holding (AG&P), completed the conversion of a 125,000m³ LNG carrier (LNGC) for KARMOL, a joint-venture between Turkey’s Karpowership and Japan’s Mitsui OSK Lines (MOL), into an 84 mmscfd Modular Floating Storage and Regasification Unit (M-FSRU) with capacity to scale from 15 to 300 […]
Fact Sheet: Portocem LNG-to-Power Project
(Ceiba Energy, 29.Nov.2021) — Ceiba Energy is developing the Portocem LNG-to-power project in Northeast Brazil. The project is located next to an existing port and will receive LNG shipped via FSRU transportation. The gas-fired combined cycle power plant is licensed up to 2.2 GW. The new plant will provide reliable […]
Bahia LNG Import Terminal Leasing Deal Advances
(Energy Analytics Institute, 26.Aug.2021) — Brazil’s state oil company Petrobras said the leasing process for the LNG Regasification Terminal of Bahia (TR-BA) and associated facilities continues to move forward with Excelerate Energy Comercializadora de Gás Natural Ltda. advancing to the qualification stage. Effectively, the “verification stage of the effectiveness of […]
Excelerate Energy Advances On Leasing Of Bahia LNG Terminal
(Excelerate, 26.Aug.2021) — Excelerate Energy L.P. successfully concluded with PetrĂłleo Brasileiro S.A. (Petrobras) the negotiation stage of the tender process for the lease of Bahia Regasification Terminal. Once the financial and legal qualification and certification stages have been concluded and all necessary regulatory approvals have been obtained, Excelerate will start […]
Petrobras On LNG Regasification Terminal Leasing
(Petrobras, 21.Jun.2021) — Petrobras, following up on the releases disclosed on 1 October 2021 and 16 April 2021 informs that on 14 June 2021, a public session was held to open the commercial proposals of the bidders interested in leasing the Bahia LNG Regasification Terminal (TR-BA) and associated facilities, with […]
Excelerate Energy Says FSRU Exemplar Returns To Bahia Blanca
(Excelerate, 2.Jun.2021) — Excelerate Energy L.P. announced, the company’s floating storage and regasification unit (FSRU) the Exemplar has begun operations in Bahia Blanca, a port city located 400 miles south of the Argentine capital Buenos Aires. The Exemplar, with a storage capacity of 150,900 m3, will deliver liquefied natural gas […]
Petrobras On Leasing Of LNG Regasification Terminal
(Petrobras, 16.Apr.2021) — Petrobras, following up on the release disclosed on 1 October 2020, published today the Call for the second bidding process to lease the Bahia LNG Regasification Terminal (TR-BA) and associated facilities, in the State of Bahia, in line with the Agreement for the natural gas market, entered […]
Argentina’s Escobar Terminal To Reopen
(S&P Global Platts, 1.Feb.2021) — A federal judge in Argentina has lifted a more than three-month suspension of the country’s only floating storage and regasification unit (FSRU) after the government warned of natural gas shortages if LNG imports were hindered. The FSRU, which is docked in Escobar, a district up […]
Höegh LNG Partners On 4Q:20 Cash Distributions
(Höegh LNG, 14.Jan.2021) — Höegh LNG Partners LP announced today its board of directors has declared a quarterly cash distribution with respect to the quarter ended 31 December 2020 of $0.44 per unit for the common units. The distribution corresponds to an annualized distribution of $1.76 per unit. The cash […]
FSRU Experience Breaks Send-Out Record
(Execelerate Energy, 21.Sep.2020) — On 16 September 2020, Excelerate Energy successfully reached a send-out capacity of 1.06 billion cubic feet (Bcf) of natural gas on its floating storage and regasification unit (FSRU) Experience – an industry record. The operation was completed during a performance test at the Guanabara Bay liquefied […]
Ecuador Eyes Its First LNG Import Terminal
(Argus, 27.Jul.2020) — US firm Sycar plans to build Ecuador’s first LNG import terminal, with construction expected to start in 2021. Sycar, in partnership with an unnamed LNG trading firm, intends to install a floating storage and regasification unit (FSRU) to provide regasified LNG to the 130MW Thermo Gas Machala […]
Petrobras To Lease LNG Regasification Terminal
(Petrobras, 9.Dec.2019) — Petrobras, in accordance with the commitments made through the Agreement, signed with the Administrative Council for Economic Defense (CADE), on July 8, 2019, informs that it is starting the process of leasing the LNG Regasification Terminal of Bahia (TR-BA), at Salvador/BA, and its integrated pipeline. Thus, the […]
Petrobras To Lease Out LNG Terminal
(Argus, 9.Dec.2019) — Brazilian state-controlled Petrobras has started pre-qualifying bidders for a long-term lease of its 20mn mÂł/d Bahia LNG import terminal and associated pipeline, opening the company’s lock on Brazil’s LNG imports. Petrobras said the planned terminal lease aligns with its July 2019 agreement with anti-trust regulator Cade to […]
Brazil To Import More LNG If Bolivia Supply Falters
(Argus, 14.Nov.2019) — Brazil will increase LNG imports if pipeline natural gas supply from Bolivia is interrupted because of political unrest, according to Brazilian hydrocarbons agency ANP. Brazilian state-controlled Petrobras confirmed that it was notified by Bolivian state-owned YPFB on 11 November about possible fluctuations in gas supply. Under a […]
Excelerate Energy, TGS Sign Deal to Study Liquefaction Project in BahĂa Blanca
(Excelerate Energy L.P., 10.Sep.2018) — Excelerate Energy L.P. and Transportadora de Gas del Sur S.A. announced the execution of a Memorandum of Understanding to jointly collaborate on the assessment of a liquefaction project in the city of BahĂa Blanca, Argentina. Argentina currently imports liquefied natural gas (LNG) through two floating […]
New Fortress Builds On LNG Presence With Irish, Mexican Projects
(LNG World Shipping, Mike Corkhill, 4.Sep.2018) — New Fortress Energy has added two major LNG import projects to its portfolio, as part of its drive to bring the benefits of clean-burning gas to new markets New Fortress Energy (NFE) has agreed to buy a site at Ballylongford in Ireland’s County […]
Golar Power Affiliate CELSE Closes $1.3 Bln Financing
(Golar LNG, 25.Aug.2018) — Golar Power Limited’s affiliate, CELSE, closed a $1.34 billion financing facility for the Sergipe project. On April 19, CELSE, the 50% Golar Power owned project company responsible for delivering the Sergipe I power project, executed a $1.34 billion non-recourse project finance facility. Excluding the FSRU facility, […]
FSRU Höegh Grace Receiving Cargo In Colombia [Video]
(LNG World, 10.Feb.2017) — Norway-based Höegh LNG’s FSRU Höegh Grace began commercial operations in Cartagena, Colombia at the end of last year. The Höegh Grace, used as Colombia’s first LNG import terminal, started operating under the 20-year contract Höegh LNG has with Sociedad Portuaria El Cayao (SPEC), after completing the regasification trials. […]