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Excelerate energy to provide world's largest FSRU to Petrobras.

Excelerate Energy has executed with Petrobras a 15-year time charter party to provide an advanced floating storage and regasification unit (FSRU). This vessel, designated by Petrobras as VT3, will deliver 20 MMcm/d of natural gas to the southeast region of Brazil.

In addition, from July 2013 until the arrival of the VT3, the Guanabara Bay Terminal will make use of the Exquisite, one of Excelerate Energy's existing FRSUs with an increased regasification plant, expanding terminal delivery capacity from 14 to 20 MMcm/d

The VT3 newbuilding design is based on Excelerate Energy's existing fleet and Petrobras requirements, and will have a storage capacity of 173,400 m3 making it the largest FSRU in the industry. Capable of operation as both an FSRU and a fully tradable LNG carrier, the vessel is expected to enter into service in May 2014.

Excelerate Energy has selected DSME for construction of the vessel, the same shipyard that built its previous eight FSRUs.
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Title Annotation:Offshore
Publication:Pipeline & Gas Journal
Date:Oct 1, 2011
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