Exelerate completes 700th Ship-to-Ship LNG transfer

Excelerate Energy performs 700th STS in Escobar, Argentina

JANUARY 8, 2015 — Woodlands, TX, headquartered Excelerate Energy L.P. yesterday completed its 700th commercial Ship-to-Ship (STS) transfer of LNG  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 of LNG using its STS protocol – of the 700 operations, 602 have been with third-party vessels.

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

Argentina           409

Brazil                127

Caribbean            4

Cyprus               10

Dubai                  2

Gulf of Mexico      4

Kuwait             142

United Kingdom   2