Excelerate complete milestone LNG transfer

Excelerate Energy L.P. (Excelerate) completed its 1000^th commercial ship-to-ship (STS) transfer of LNG on 31 August 2016, in Escobar, Argentina at GNL Escobar LNG import terminal. Using Excelerate Energy's floating storage regasification unit (FSRU) Expedient and a conventional LNG carrier, 83 767 m³ of LNG were transferred using the double-banked LNG transfer system. To date, Excelerate has successfully transferred over 108 000 000 m³ of LNG using its STS protocol.

"We are pleased that this achievement was accomplished with both Enarsa and YPF in Argentina," stated Excelerate Chief Development Officer Daniel Bustos. "Argentina was one of the first adopters of floating regasification. Their early confidence in our technology and STS process helped prove the inherent benefits of FSRU terminals, and ultimately enabled the market to grow."

"The accomplishment of this milestone safely and incident free is a testament to the hard work and dedication of our team and vessel crews worldwide," added Chief Operating Officer Edward Scott.Excelerate developed YPF's first LNG import terminal Bahía Blanca Gasport in 2008. Located in Bahía Blanca, Argentina, it wasSouth America's first LNG import terminal and helped open new markets for LNG in the region. In 2011, Argentina again entrusted Excelerate with the responsibility for a second floating regasification terminal, GNL Escobar.

Adapted from press release by Francesca Brindle

Read the article online at: https://www.tanksterminals.com/storage-tanks/06092016/excelerate-energy-completes-1000th-lng-ship-to-ship-transfer-4024/