Excelerate Energy excited gas-hungry, LNG tonnage-starved markets on 3 October after breaking the logjam by becoming the first shipowner to order a floating storage and regasification unit in more than three years.
The Houston-based company, which listed on the New York Stock Exchange in April, contracted a single 170,000-cbm FSRU at Hyundai Heavy Industries for delivery by June 2026, but at the yard-quoted eye-watering top dollar price of $337m.
