Excelerate Energy and Maran Gas Maritime have signed a five-year bareboat charter agreement (BBC) for the floating storage regasification unit (FSRU) hull 2477.
During the five-year BBC Excelerate will have the option to purchase Hull 2477, the company said in its statement.
Maran Gas Maritime is currently building Hull 2477 at Daewoo Shipbuilding and Marine Engineering (DSME) shipyard and is scheduled for delivery in April 2020, when the BBC will start.
The vessel will have a storage capacity of 173,400 cubic meters and will be capable of operating as both an FSRU and a fully tradable LNG carrier.
Hull 2477 will join Excelerate’s existing fleet of nine FSRUs, all built by DSME, and will serve Excelerate’s portfolio of regasification customers.
Excelerate Technical Management, an Excelerate unit, will provide ship management for the vessel.