Excelerate Energy Completes 3,000th LNG Ship-To-Ship Transfer Operation

Excelerate Energy (NYSE: EE) has achieved a significant milestone by completing its 3,000th LNG ship-to-ship (STS) transfer operation on December 28, 2024.

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01/06/2025 - 04:31 PM

THE WOODLANDS, Texas--(BUSINESS WIRE)-- Excelerate Energy, Inc. (NYSE: EE) (the “Company” or “Excelerate”) today announced that on December 28, 2024, the Company safely completed its 3,000^th 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 which received a cargo delivery from Maran Gas Maritime Inc.’s liquified natural gas (LNG) carrier, the Maran Gas Asclepius, at the Moheshkhali Floating LNG (MLNG) terminal in Bangladesh.

Excelerate Energy's FSRU Excellence receives a cargo delivery from the Maran Gas Asclepius at the Moheshkhali Floating LNG terminal in Bangladesh on December 28, 2024, marking the safe completion of Excelerate's 3,000th LNG ship-to-ship transfer operation. (Photo: Business Wire)

“This milestone is a testament to our unwavering commitment to safety, reliability, and innovation in the LNG industry. It is not just a number. It symbolizes years of relentless effort, continuous improvement, and the highest standards of operational excellence,” said David Liner, Executive Vice President and Chief Operating Officer. “Since pioneering the commercial ship-to-ship transfer of LNG in 2007, we have continued to shape the industry while safely and reliably bringing energy to those who need it. We extend our deepest gratitude to our partners, clients, and every member of the Excelerate Energy team for making this accomplishment possible.”

Since 2018, the MLNG terminal has played a vital role in ensuring the energy security of Bangladesh. With a capacity of up to 600 million standard cubic feet of gas per day, MLNG provides a reliable source of energy supporting industrial development and job creation in a more sustainable manner.

ABOUT EXCELERATE ENERGY

Excelerate Energy, Inc. is a U.S.-based LNG company located in The Woodlands, Texas. Excelerate is changing the way the world accesses cleaner forms of energy by providing integrated services along the LNG value chain with an objective of delivering rapid-to-market and reliable LNG solutions to customers. The Company offers a full range of flexible regasification services from FSRUs to infrastructure development to LNG supply. Excelerate has a presence in Abu Dhabi, Antwerp, Boston, Buenos Aires, Chattogram, Dhaka, Doha, Dubai, Hanoi, Helsinki, London, Rio de Janeiro, Singapore, and Washington, DC. For more information, please visit www.excelerateenergy.com.