Excelerate’s newbuild FSRU arrives in Jordan

Excelerate Energy's newbuild floating storage and regasification unit, Excelerate Acadia, has arrived in Jordan to start serving a nine-month contract.

The 170,000-cbm vessel was on Monday moored at the Aqaba LNG terminal’s jetty in Jordan, where it arrived last week, its AIS data provided by VesselsValue shows.

Prior to arriving in Jordan, the vessel visited the Point Fortin LNG export plant in Trinidad and Tobago, and then Egypt’s FSRU-based LNG import facility in Ain Sokhna, the data shows.

The 174,000-cbm Energos Force is located next to Excelerate Acadia, the data shows.

The 2021-built vessel, owned by Apollo’s Energos Infrastructure and chartered by Germany’s federal government, will soon head to Germany’s Stade, where it is scheduled to commence operations in September.

Last month, Excelerate announced that it would deploy Excelerate Acadia to Jordan under a nine-month contract due to the delayed startup of the Iraq LNG terminal amid the ongoing conflict in the Middle East.

Exclerate revealed in its first-quarter report that it had executed a definitive nine-month time charter party agreement with Jordan’s National Electric Power Company to deploy the FSRU Excelerate Acadia to the country’s existing LNG import terminal in Aqaba.

According to Excelerate, the charter is expected to contribute approximately $20 million of adjusted Ebitda in 2026.

The FSRU player said Excelerate Acadia is expected to commence operations in mid-2026.

Earlier this year, Excelerate named its newest FSRU at the Hyundai Heavy Industries shipyard in Ulsan, South Korea.

Following delivery, Excelerate has 12 FSRUs in its fleet, including a chartered FSRU integrated with the Jamaican assets.

The new FSRU has a maximum regasification capacity of one billion standard cubic feet per day (1,000 MMscf/d).

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