Excelerate Energy completes FSRU Experience sale and leaseback

Excelerate Energy completes FSRU Experience sale and leaseback
Image courtesy of Excelerate Energy

Excelerate Energy said it has completed the long-term sale and leaseback of the FSRU Experience with a unit of CMB Financial Leasing.

According to the company’s statement, upon completion of the 10-year agreement Excelerate will re-purchase the FSRU from CMB.

Excelerate adds that the agreement enables the swap of short-term debt for long-term debt at the ultimate shareholder level. Excelerate is wholly owned by George Kaiser, president, CEO and primary owner of GBK Corporation.

Commissioned in 2014, the FSRU Experience is currently under long-term charter to Petrobras, providing regasification services to Brazil.

The FSRU is part of the Guanabara Bay LNG import terminal, and has a storage capacity of 170,000-cbm and a sendout capability of 22.5 million cubic meters per day.

 

LNG World News Staff

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