Excelerate Energy closes in on new LNG terminals for Alaska and Vietnam
Lucy Hine, Trade Winds, August 8, 2024
Regasification specialist set to retrofit reliquefaction kit to some of its FSRUs
US-listed specialist Excelerate Energy is moving to put a floating storage and regasification unit-based terminal into Southcentral Alaska and to expand its interests to develop an onshore LNG import facility in northern Vietnam.
In a second-quarter results presentation, Excelerate said it is in “advanced discussions” with local utilities in Southcentral Alaska to develop an integrated LNG import terminal in the lower Cook Inlet region to help boost gas supplies as domestic reserves decline.
Excelerate said it would own the FSRU, the terminal and the regas capacity while being responsible for its LNG supply and sales to local utilities.
The company is targeting a commercial start date of 2028 for the facility.
Separately, the company said it has signed a term sheet with private Vietnamese company ITECO Joint Stock Co to develop a 1.2m tonnes per annum capacity terminal that would be located in Haiphong.
A first phase of what Excelerate called the Northern Vietnam LNG Terminal would have a capacity of 0.7 mtpa with a planned commercial start date of 2027.
