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Article: Excelerate adding three ships to fleet, enhancing worldwide reach.
- Article from:
- Natural Gas Week
- Article date:
- April 23, 2007
- Author:
CopyrightCOPYRIGHT 2007 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Excelerate Energy is expanding its LNG tanker fleet to nine after reaching an agreement last week with a Belgian firm to take an equity interest in three additional Energy Bridge vessels capable of onboard regasification of LNG. The addition will bring the worth of the Texas company's fleet to $2 billion and its size to 2.5% of the world's LNG shipping force.
"Growing our fleet is critical as we look to supply our Northeast Gateway project in Massachusetts Bay while we expand our operations in Asia, South America and Europe," said Rob Bryngelson, executive vice president and chief operating officer of The Woodlands, Texas-based firm. "With nine vessels in ...