Excelerate Energy Performs 700th Ship-to-Ship Transfer of LNG

News provided by

Jan 08, 2015, 09:35 ET

THE WOODLANDS, Texas, Jan. 8, 2015 /PRNewswire/ -- Excelerate Energy L.P. (Excelerate) completed its 700^thcommercial Ship-to-Ship (STS) transfer of LNG on January 7, 2015 in Escobar, Argentina at the GNL Escobar LNG import facility. Using Excelerate Energy's regasification vessel, EXEMPLAR and the conventional LNG carrier CADIZ KNUTSEN, 73,778 cubic meters of LNG were transferred using the double-banked LNG transfer system. Excelerate has successfully transferred over 74,000,000 cubic meters using its STS protocol – of the 700 operations, 602 have been with third-party vessels.

Excelerate Energy performs 700th STS in Escobar, Argentina.

Excelerate Energy developed and implemented the industry's first STS transfer system for LNG deliveries to regasification vessels in 2005 in order to optimize the capabilities of regasification vessels and to provide a viable solution for providing a continuous supply of natural gas to market. STS transfers have been commercially accepted and proven in a wide range of environments including open ocean locations and protected bodies of water at a variety of locations between the LNG load ports and the market delivery points.

EXCELERATE'S STS OF LNG ACROSS THE WORLD
LOCATION	NUMBER OF OPERATIONS
Argentina	409
Brazil	127
Caribbean	4
Cyprus	10
Dubai	2
Gulf of Mexico	4
Kuwait	142
United Kingdom	2

ABOUT EXCELERATE ENERGY^®Excelerate Energy L.P. is the pioneer and market leader in innovative floating LNG solutions. We provide integrated services along the entire LNG value chain with the objective of delivering rapid-to-market and reliable LNG solutions to our customers. Excelerate offers a full range of floating regasification services, from FSRU to infrastructure development; we serve the upstream market through the development of floating liquefaction (FLNG) solutions; and our established trading and chartering team is active in the global market and provides access to LNG supply and market to both our downstream and upstream customers. Headquartered in The Woodlands, Texas, Excelerate has a presence in Buenos Aires, Dubai, London, Rio de Janeiro, and Singapore. For more information, please visit www.excelerateenergy.com.

CONTACT: Denise Madera, [email protected]

Photo - http://photos.prnewswire.com/prnh/20150107/167642

Logo - http://photos.prnewswire.com/prnh/20111202/MM16235LOGO

SOURCE Excelerate Energy L.P.