THE WOODLANDS, Texas — Excelerate Energy Inc. and the government of the Federal Republic of Germany signed a five-year contract Oct. 25 in Berlin to charter the Excelsior floating storage and regasification unit (FSRU) to help provide energy security and supply diversification to Germany while supporting the country’s transition to renewable energy.
“The deployment of the FSRU Excelsior to Germany demonstrates our commitment to strengthening energy security at a time when traditional energy sources have proven unreliable,” said Excelerate President and CEO Steven Kobos. “FSRUs have the ability to offer flexible access to greater supply diversification and can serve as a complementary backstop for the rapid scaling of green energy projects. These benefits are consistent with the stated goals of the U.S.-EU Task Force on Energy Security.”
BMWK previously announced that a consortium including Tree Energy Solutions, E.ON and Engie would jointly develop and implement Germany’s fifth FSRU import terminal using an Excelerate vessel. The FSRU will accelerate the development of TES’ green hydrogen terminal at Wilhelmshaven.
Under the terms of the agreement, the Excelsior FSRU will go on charter in first-quarter 2023. The Federal Republic of Germany intends to deploy the vessel in the Port of Wilhelmshaven.
The Excelsior, which has an LNG storage capacity of 138,000 cu. m and send-out capacity of 5 Bcm/year, will go to drydock at year-end 2022 for scheduled maintenance prior to its deployment to Germany.