Excelerate Energy has announced that on December 28, 2024, it safely completed its 3,000th ship-to-ship (STS) LNG transfer since the start of STS operations in 2007. The milestone was achieved onboard Excelerate’s floating storage and regasification unit (FSRU) Excellence at the Moheshkhali Floating LNG (MLNG) terminal in Bangladesh, said the U.S.-based LNG company located in The Woodlands, Texas. “This milestone is a testament to our unwavering commitment to safety, reliability, and innovation in the LNG industry. It is not just a number. It symbolizes years of relentless effort, continuous improvement, and the highest standards of operational excellence,” said David Liner, Executive Vice President and Chief Operating Officer of Excelerate Energy. President and Chief Executive Officer Steven Kobos said, “We completed our 3,000th ship-to-ship operation in Bangladesh, where we are helping fuel economic growth by delivering more than a third of the country’s natural gas needs. LNG supply period extended for 7 companies He congratulated Excellence’s outstanding crew, Bangladeshi partners, and every member of the Excelerate Energy team for making this accomplishment possible. Launched by Excelerate Energy and the International Finance Corporation in 2018, the MLNG terminal plays a vital role in ensuring the energy security of Bangladesh. With a capacity of up to 600 million standard cubic feet of gas per day, MLNG provides a reliable source of energy supporting industrial development and job creation in a more sustainable manner.

Excelerate Energy, a US-based LNG company, has touched a milestone by conducting its 2000th commercial ship-to-ship (STS) transfer of liquefied natural gas (LNG) at its Moheshkhali Floating LNG (MLNG) terminal located off Bangladesh in the Bay of Bengal. A total of 144,191 cubic meters of LNG were transferred using the double-banked LNG transfer system and Excelerate’s Floating Storage Regasification Unit (FSRU) named Excellence and a conventional LNG carrier in Bay of Bengal this week, said a press release of the company. Excelerate Energy’s Chief Operating Officer Cal Bancroft expressed his satisfaction for achieving the milestone of 2000th STS transfer in the Bay of Bengal as Excelerate represented a 20 percent uplift in gas supply to Bangladesh. Also read: Experts suggest feasibility study on Matarbari LNG, LPG terminals “Having achieved this milestone safely is a testament to the hard work and dedication of our team and vessel crews worldwide,” he said in the statement. Since 2018, Excelerate has provided clean, reliable energy to Bangladesh through its two FSRUs located offshore in the Bay of Bengal while it has so far successfully transferred over 236,405,000 cubic meters of LNG using its STS protocol worldwide in last 14 years after conducting its first commercial STS transfer in 2007. “Operating in challenging locations like the Bay of Bengal is why customers can count on our teams to deliver much-needed energy,” Bancroft said. Also read: Cabinet body okays LNG import from int’l spot market Excelerate’s MLNG terminal is Bangladesh’s first LNG import facility while its two FSRUs have been allowing for a more resilient gas and power grid for the Chattogram region that were previously underserved.  The US-based energy company has so far imported over 157 cargoes of LNG and delivered an excess of 500 million MMBtu of natural gas into the Bangladeshi market. In March, Bangladesh reached its highest level of gas output with around 837 million cubic feet per day of natural gas while the government continues to increase its LNG imports to meet the rising domestic demand, said Excelerate Energy.