Excelerate Energy Inc. announced that it has signed a binding Shipbuilding Contract with Hyundai Heavy Industries Co., Ltd. for a new floating regasification and storage unit to be delivered in June 2026. The FSRU will have a storage capacity of 170,000 m3 and a maximum regasification capacity of one billion standard cubic feet per day. The FSRU will be equipped with HHI's proprietary LNG regasification system, dual fuel engines, selective catalytic reduction system, best-in-class boil-off gas management, and other innovative technologies which will drive improved performance and efficiency while lowering emissions.

With this newbuild order, Excelerate will have 11 FSRUs in operation or under construction, further strengthening its position as the world's premier provider of flexible LNG services.