Excelerate's FSRUs Perform The First STS Transfer of LNG at Engro Elengy LNG Terminal Pakistan

Jul 21, 2015, 13:43 ET from Excelerate Energy L.P.

KARACHI, Pakistan, July 21, 2015 /PRNewswire/ -- On July 17, 2015, Excelerate Energy L.P. ("Excelerate") completed the first Ship-to-Ship (STS) transfer of LNG at the Engro Elengy LNG Terminal located in Port Qasim, Pakistan. Excelerate's floating storage and regasification unit (FSRU), EXQUISITE, received 130,000 cubic meters of LNG from the FSRU EXCELERATE using the double-banked LNG transfer system. This transfer also marks the company's 500th commercial STS operation using the double-banked cryogenic transfer system technology developed by Excelerate.

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Commissioned in late March of this year, the terminal initially employed the EXQUISITE for both cargo delivery and regasification purposes. The terminal will continue to receive LNG supply via periodical STS transfers allowing for the continuous flow of gas into the local gas distribution system.

About STS Transfer of LNG
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 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. To date, Excelerate has successfully completed over 785 STS operations, transferring over 83,000,000 cubic meters using its STS protocol.

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 an 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.

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SOURCE Excelerate Energy L.P.



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