• Natural Gas News

    Excelerate inks agreement with Hyundai Heavy for newbuild FSRU

Summary

The FSRU will be delivered in June 2026.

by: Shardul Sharma

Posted in:

Complimentary, Natural Gas & LNG News, Asia/Oceania, Liquefied Natural Gas (LNG), Corporate, News By Country, South Korea, United States

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.

With this newbuild order, Excelerate will have 11 FSRUs in operation or under construction.