November 9, 2022 [LNG Prime] – French LNG containment giant GTT has won a contract from South Korea’s Hyundai Heavy Industries to design the tanks of one 170,000-cbm FSRU the yard will build for US floating LNG player Excelerate Energy. 

GTT said in a statement the tanks of the FSRU would feature the company’s Mark III Flex membrane containment system.

The Paris-based firm said HHI plans to deliver the unit in the second quarter of 2026.

To remind, Excelerate ordered this FSRU in October and will pay about $332 million for the unit.

This price is probably the highest price to date for a single FSRU of this or similar size.

Excelerate said the FSRU would have a maximum regasification capacity of one billion standard cubic feet per day (1,000 MMscf/d).

According to Excelerate, the vessel would feature HHI’s proprietary LNG regasification system, dual fuel engines, selective catalytic reduction system, boil-off gas management, and other technologies which would drive improved performance and efficiency while lowering emissions.

With this newbuild order, Excelerate will have 11 FSRUs in operation or under construction.

Pro Trial: Access 11,340 Tank Terminal and Production Facilities

11,340 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data