New Milestone Achieved in Construction of Excelerate Energy’s FSRU Hull 3407

A new construction milestone has been achieved for a newbuild floating storage regasification unit (FSRU), owned by the U.S.-based Excelerate Energy, a liquefied natural gas (LNG) giant with a full range of flexible regasification services, spanning from FSRUs to infrastructure development and LNG supply.

The on-schedule launching of Excelerate Energy’s newbuild FSRU, Hull 3407, from the HD Hyundai Heavy Industries shipyard in South Korea follows the keel-laying ceremony, when the vessel’s hull started to be assembled.

The U.S. player explains that the hull launch marks the first time a vessel is floated, enabling it to transition from dry dock to the sea, which signals the floating LNG terminal’s structural completion. This step brings the firm one step closer to the FSRU’s expected delivery in 2026.

The company describes Hull 3407 as a best-in-class FSRU, capable of delivering 1 billion cubic feet of natural gas per day, with a 170,000 cbm storage capacity, dual-fuel diesel-electric engines, and advanced emissions-reduction systems.

“Congratulations to everyone involved in this achievement—and thank you to our partners at HD Hyundai Heavy Industries for their world-class execution,” emphasized of Excelerate Energy, which is keen on pursuing strategic investments in LNG import terminals and complementary downstream infrastructure.

As the firm believes that its fleet growth will benefit from the tight supply/demand balance for FSRUs and the focus on energy security, it made arrangements to buy New Fortress Energy’s assets and operations in Jamaica.