Page 34: of Maritime Reporter Magazine (June 2014)

34 Maritime Reporter & Engineering News • JUNE 2014

For those of our readers not familiar, please de- scribe the business of Excelerate Energy. We are about 105 people, with our core group based in The Woodlands in Houston, Texas, with of? ces in Rio de Janeiro, Buenos Aires, Lon- don, Dubai and Singapore. Our current FSRU ? eet is comprised of nine purpose built re-gasi? cation vessels including the FSRU Experience, which just delivered from DSME. With a storage capacity of 174,000 cu. m. and peak send out capacity exceed- ing 1.0 BCF, Experience is the world’s largest and most capable FSRU.

However, if you look at the crewing on our ships, our project facilities and our extended team of con- sultants and contract engineers, we are a far bigger organization. Our business is primarily asset de- velopment, meaning we’ll build, own and operate ? xed and ? oating infrastructure and facilitate LNG import and export solutions on a global basis. But we also are fairly signi? cant players in the mari- time logistics of LNG; all of our re-gas vessels are also conventional tankers (LNGC’s), so we do a lot of chartering and sub-chartering when our re- gas terminals or vessels of re-gas capability are not required for re-gas speci? c projects. Additionally, we have a signi? cant trading group that have trad- ed more than 5 million tons of LNG in the last six years or so. So in summary, we are a mid-stream company focused on ? oating LNG asset develop- ment and trading, with the added bene? t of nearly a decade’s worth of logistical and operational experi- ence.

So what specifi cally do you mean when you say “asset development?” When I say asset development I mean that we can design, build and operate not just the ves- sels, but all other aspects of a total import or export solution including pipelines, jetties and offshore moorings, as well as transfer equipment for load- ing or unloading LNG cargos. We work with our project partners on a case by case basis to de? ne the scope of these opportunities and plan the most ef? cient execution strategy for each given solution.

THE 2014 YEARBOOK: THE YEAR OF LNG

The Year of LNG

This being the “Yearbook” edition of Mari- time Reporter & Engineering News, it would be remiss to not have coverage of LNG, one of the hottest fueling trends in mari- time circles, particularly in North America.

For a unique insight on a rapidly evolving market, MR caught up with Edward Scott,

COO, Excelerate Energy, which is making big strides in the LNG Regasi? cation sector, and recently received on the of the world’s largest and most capable units, the FSRU

Experience which he touts as the world’s largest and most capable FSRU.

By Greg Trauthwein, Editor

The overall capital cost of the (Lavaca

Bay) project right now is between $2.5-2.6B. The ves- sel itself is about $1.5-1.6B with the balance represent- ing the costs of the dredging, jetty con- struction, and other land based gas pro- cess and support equipment.

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