Excelerate Energy's FSRU Exemplar Returns to Bahia Blanca
The FSRU will deliver LNG to support Argentina in managing peak energy demand, while providing cost savings and emissions reductions
Jun 02, 2021, 07:32 ET
BUENOS AIRES, Argentina, June 2, 2021 /PRNewswire/ -- Excelerate Energy L.P. (Excelerate) announced today, the company's floating storage and regasification unit (FSRU) the Exemplar has begun operations in Bahia Blanca, a port city located 400 miles south of the Argentine capital Buenos Aires. The Exemplar, with a storage capacity of 150,900 m3, will deliver liquefied natural gas (LNG) for the 2021 winter season in Argentina, providing reliability and stability to the country's energy system despite operating in the challenging conditions of the South Atlantic.
"We are excited to return to Bahia Blanca and continue our partnership with IEASA and YPF to deliver an energy solution that is flexible, cost-effective, and environmentally-friendly during a critical period of peak demand," said Daniel Bustos, Excelerate's Chief Commercial Officer. "We are confident the Exemplar can perform again with our local Argentine crew to support the country's energy transition and post-COVID economic recovery this winter."
The return of Excelerate's FSRU comes after the company won an international, competitive tender for seasonal regasification service in Bahia Blanca earlier this month. Excelerate developed the Bahia Blanca GasPort, South America's first LNG import terminal in 2008 and has also operated GNL Escobar, an LNG import terminal along the Paraná River, since 2011.
Known as clean, flexible, and accessible, LNG helps countries like Argentina, reduce their dependence on carbon-intensive and more expensive fuel sources. Between 2016 and 2020, Argentina reduced its CO2 emissions by approximately 9.5 million tons through the use of LNG instead of diesel and other liquid fuels.
For more information about Excelerate's LNG import solutions, visit: www.excelerateenergy.com.
About Excelerate Energy L.P.
Excelerate Energy L.P. is a US-based LNG company located in The Woodlands, Texas. It is part of a privately held U.S. energy group founded by George Kaiser. Excelerate is the pioneer and market leader in innovative floating LNG solutions, providing integrated services along the entire LNG value chain with an objective of delivering rapid-to-market and reliable LNG solutions to customers. Excelerate offers a full range of floating regasification services from FSRU to infrastructure development to LNG supply. Excelerate has offices in Abu Dhabi, Buenos Aires, Chittagong, Dhaka, Doha, Dubai, Rio de Janeiro, Salem, Singapore, and Washington DC. For more information, please visit the website www.excelerateenergy.com.
SOURCE Excelerate Energy L.P.
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