Excelerate Energy Performs 500th Ship-to-Ship Transfer of LNG

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THE WOODLANDS, Texas, Sept. 25, 2013 (GLOBE NEWSWIRE) -- Excelerate Energy L.P. (Excelerate) completed its 500th commercial Ship-to-Ship (STS) transfer of LNG on September 23, 2013 in Escobar, Argentina at the GNL Escobar LNG import facility. Using Excelerate Energy's regasification vessel, Exemplar and the conventional LNG carrier SCF Arctic, 61,839 cubic meters of LNG were transferred using the double-banked LNG transfer system. Since developing and implementing the first STS transfer of LNG in 2005, Excelerate has successfully transferred a total of 53,311,335 cubic meters using its STS protocol – of the 500 operations, 424 have been with third-party vessels.

With this unprecedented milestone, Excelerate has not only proven the commercial viability of such operations, but has demonstrated that STS transfers of LNG can be successfully performed in a wide range of environments including open ocean locations and protected bodies of water at a variety of locations between the LNG load ports and the market delivery points. Excelerate's STS transfer system optimizes the capabilities of FSRUs by providing an efficient mode of delivering a continuous supply of natural gas to market.

EXCELERATE'S STS OF LNG ACROSS THE WORLD
LOCATION NUMBER OF OPERATIONS
Argentina 286
Brazil 59
Caribbean 4
Cyprus 6
Dubai 1
Gulf of Mexico 4
Kuwait 138
United Kingdom 2




ABOUT EXCELERATE ENERGY®

Excelerate Energy L.P. is a developer of LNG transportation and floating regasification infrastructure, a provider of LNG storage and floating regasification services, an importer of LNG and it recently entered into floating LNG production. Today, Excelerate Energy leads the industry in the development of innovative, flexible and less capital intensive floating LNG import solutions based on its dockside (GasPort®) and offshore (Gateway™) Energy Bridge shipboard regasification technology. The company also operates as a global LNG Marketing and Trading organization. Headquartered in The Woodlands, Texas, Excelerate has an established presence in London, Dubai, Kuwait City, Buenos Aires, and Rio de Janeiro. For more information, please visit www.excelerateenergy.com.

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CONTACT: Denise Madera denise.madera@excelerateenergy.com +1 832-813-7617Source:Excelerate Energy, L.P.