Excelerate entrusts FSRU conversion to Seatrium with another on the cards

Seatrium has secured an FSRU conversion assignment with Excelerate Energy, with delivery set for 2028.

Seatrium has secured an FSRU conversion assignment with Excelerate Energy, with delivery set for 2028.

2 minutes read LinkedIn X Email Illustration Credit: Excelerate Energy Excelerate Energy, a U.S.-based liquefied natural gas (LNG) and power infrastructure firm headquartered in Texas, has tapped Singapore-based offshore and marine engineering company Seatrium for a full-scope engineering, procurement, construction, installation, and commissioning (EPCIC) contract to transform a liquefied natural gas (LNG) carrier into the 13th floating storage and regasification unit (FSRU) in its global fleet, with an option for a second vessel.

Seatrium has won a FSRU conversion contract with an option for a second such deal from Excelerate Energy, which marks the Singapore-headquartered firm’s first EPCIC FSRU conversion project for the U.S.

David Liner , Executive Vice President and Chief Operating Officer of Excelerate Energy, commented: “This conversion represents an important investment in the continued growth of Excelerate’s LNG infrastructure portfolio and our ability to deliver reliable downstream LNG infrastructure to customers worldwide.

“Upon completion, the vessel will become the 13th FSRU in our fleet and will expand the reach and capabilities of our LNG infrastructure platform.

We look forward to working with Seatrium to deliver a high-quality asset that supports our long-term growth and strengthens energy security in the markets we serve.” Seatrium has secured an FSRU conversion assignment with Excelerate Energy, with delivery set for 2028.

2 minutes read LinkedIn X Email Illustration Credit: Excelerate Energy Excelerate Energy, a U.S.-based liquefied natural gas (LNG) and power infrastructure firm headquartered in Texas, has tapped Singapore-based offshore and marine engineering company Seatrium for a full-scope engineering, procurement, construction, installation, and commissioning (EPCIC) contract to transform a liquefied natural gas (LNG) carrier into the 13th floating storage and regasification unit (FSRU) in its global fleet, with an option for a second vessel.

Seatrium has won a FSRU conversion contract with an option for a second such deal from Excelerate Energy, which marks the Singapore-headquartered firm’s first EPCIC FSRU conversion project for the U.S.

David Liner , Executive Vice President and Chief Operating Officer of Excelerate Energy, commented: “This conversion represents an important investment in the continued growth of Excelerate’s LNG infrastructure portfolio and our ability to deliver reliable downstream LNG infrastructure to customers worldwide.

“Upon completion, the vessel will become the 13th FSRU in our fleet and will expand the reach and capabilities of our LNG infrastructure platform.

We look forward to working with Seatrium to deliver a high-quality asset that supports our long-term growth and strengthens energy security in the markets we serve.” Under the EPCIC contract, Seatrium’s scope encompasses regasification facilities, LNG transfer and cargo handling systems, utility and offloading systems, electrical and automation systems, marine modifications, and associated infrastructure required to transform the LNG carrier into a fully operational FSRU.

These engineering activities are expected to begin in the fourth quarter of 2026, with an estimated delivery of the conversion in 2028.