Excelerate buys GasLog LNG carrier

US FSRU player Excelerate Energy has purchased a 2007-built steam liquefied natural gas (LNG) carrier from GasLog Partners, a part of Greek LNG shipping firm GasLog, according to brokers.

The vessel in question is the 145,000-cbm Methane Alison Victoria, brokers said.

No further details have been revealed.

According to its AIS data provided by VesselsValue, the vessel was located on Thursday at Qatar Shipyard Technology Solutions in Ras Laffan.

LNG Prime invited Excelerate to comment on the matter.

A spokesman for Excelerate declined to comment.

Earlier this year, Exclerate announced its intention to acquire an LNG carrier in 2025.

The LNG carrier is expected to serve its gas supply business in the short term and will be a candidate for the company’s first FSRU conversion.

Steven Kobos, president and CEO of Excelerate said during the company’s earnings call that the company’s technical team “inspected a number of LNG carriers as part of this effort.”

“We are optimistic about our prospects and continue to engage in negotiations to acquire an LNG carrier in 2025,” he said.

Excelerate operates ten FSRUs, one of the world’s largest fleets of such vessels, and these units are located worldwide.

In addition to these FSRUs, Excelerate also ordered one 174,000-cbm FSRU at South Korea’s HD Hyundai Heavy Industries in 2022.

It will pay about $332 million for the vessel, and the FSRU is scheduled for delivery in June 2026.

Excelerate recently also completed its previously announced acquisition of New Fortress Energy’s business in Jamaica for $1.055 billion.

Under the deal, Excelerate has acquired the assets and operations of the Montego Bay LNG terminal, the Old Harbour LNG terminal, and the 150 MW Clarendon combined heat and power plant.

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