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

Share this article

Follow LNG World News

Events>

<< Oct 2017 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening is recognised as the premier end of year gathering for the global LNG industry.

read more >

LNG Pricing, Trading & Risk Management – 3-Day Course

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools…

read more >

LNG BUNKERING MED

The only 3 day course offering theoretical and practical training on LNG bunkering for the Mediterranean market, the syllabus is accredited…

read more >

EAGC 2017

EAGC 2017 sees a new format that combines the conference programme with targeted networking…

read more >