Excelerate FSRU Explorer is set to remain in Dubai’s port of Jebel Ali until 2030 (source: Excelerate Energy)
Dubai Supply Authority(DUSUP) will extend the time charter contract forExcelerate Energy FSRU Explorerforfive more years from the end of the existing deal in 2025
Explorer had a remaining firm charter period of approximately three years, and the terms of the new agreement will extended the charter by five additional years from the end of the existing contract in Q4 2025.
Explorer was chartered initially to DUSUP in 2015 to complement existing supply sources and support the Dubai emirate’s seasonal demand requirements.
The 150,990 cbm vessel is located at Dubai’s Jebel Ali LNG import terminal (where DUSUP imports and regasifies natural gas) and is an integral element of Dubai’s integrated supply infrastructure, supporting the overall security of natural gas supply and providing flexibility in Dubai’s natural gas network.
“Reaching an agreement on the extension of our time charter agreement with DUSUP highlights our ongoing efforts to develop and grow our existing, diversified regasification business,” said Excelerate’s Chief Commercial Officer, Daniel Bustos
“Our current markets are essential to maintaining our solid foundation of revenues and providing new opportunities for downstream growth. We look forward to continuing our partnership with DUSUP and remain committed to providing Dubai with the critical energy security it needs.”
Excelerate owns and operates a fleet of ten FSRUs, operating offices in North America, the Middle East, the subcontinent and Asia Pacific.
