Nakilat Takes Over Management of FSRU Exquisite

Monday, December 21, 2020

Qatar-based energy shipping company Nakilat said Monday it had assumed the technical ship management and operations of the Floating Storage and Regasification Unit (FSRU) Exquisite from Excelerate.

The FSRU is jointly owned by Nakilat and Excelerate through a joint venture established in 2018. 

This is the first FSRU to be managed in-house by Nakilat, bringing the company's managed fleet to 27 vessels, comprising of 22 LNG, 4 LPG carriers, and 1 FSRU.

The FSRU Exquisite has a cargo-carrying capacity of 150,900 cubic meters and a peak regasification rate of 690 million cubic feet per day. To date, the vessel has received more than 330 cargos of LNG or approximately 21 MMt (million metric tons) since it started operations in 2015. 

The FSRU built in South Korea by Daewoo Shipbuilding & Marine Engineering was delivered in 2009, and has been in service ever since.

Nakilat Chief Executive Officer Eng. Abdullah Al Sulaiti said: “We are immensely proud of this major milestone in successfully transitioning the first-ever FSRU to Nakilat’s in-house shipping management, despite the challenges of the ongoing global pandemic and in conjunction with Qatar National Day. 

Nakilat has been meticulously preparing to take on greater ship management responsibilities over the past years, building capacity and strengthening in-house capabilities in order to grow sustainably and steer our vision forward to become a global leader and provider of choice for energy transportation and maritime services.”

Al Sulaiti added: “The safe completion of the second phase fleet management transition involving 7 LNG carriers, the delivery of a MEGI LNG newbuild, as well as the FSRU Exquisite transition to NSQL-management within less than a year - bears testament to our commitment in maintaining our leadership in energy transportation. I would like to extend my sincere appreciation to everyone in making these vessel transitions safe and successful, demonstrating all the hard work and careful preparations by all parties involved.”


Categories: LNG Middle East FSRU

Related Stories

MCDermott Gets Pipelines and Cables Job at Qatar's Giant Gas Field

India Opts Out of Buying Gas from Russia's Sanctioned Arctic LNG 2 Project

TotalEnergies Extends LNG Supply Agreement with CNOOC Until 2034

ADES Buys Two Jack-Ups from Vantage Drilling in $190M Deal

OPEC+ Has Oil Price and Demand Problems. It Should Solve Demand

LNG Carriers Line Up At Malaysia's Bintulu Complex After Maintenance

CNOOC Posts Record Interim Profit

Profit Decline, Reserves Downgrade Drag Beach Energy to 2.5-year Low

ADNOC Signs LNG Supply Agreement with Osaka Gas for Ruwais LNG Project

South Korea's KOMIPO Cancels Plans for LNG Import Terminal

Current News

Sapura Scoops Petrobras Contract for Pan-Malaysia Offshore Services

Velesto’s Drilling Rigs Up for Automatization Overhaul Under New Tech Alliance

US Firm Finds Chinese Partner to Deliver Mobile Offshore Drilling Units

TotalEnergies and Oil India to Jointly Tackle Methane Emissions Issues

Keppel Reclaiming Control of 13 Rigs to Cash In on Offshore Drilling Market's Growth

Global Offshore Wind Stumbles to the End of '24

Seatrium Delivers Fifth Jack-Up to Borr Drilling

Malaysia's FPSO Firm Bumi Armada Eyes Merger with MISC’s Offshore Unit

Global OTEC Presents OTEC Power Module for Remote Offshore Platforms

Beam’s AI-Driven AUV to Hit Offshore Wind Market in 2025

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com