Excelerate Energy completes 3,000th LNG ship to ship transfer operation

Excelerate Energy, Inc. (NYSE: EE) (the "Company" or "Excelerate") today announced that on December 28, 2024, the Company safely completed its 3,000^th LNG ship-to-ship (STS) operation since the start of STS operations in 2007.

The milestone was achieved onboard Excelerate's floating storage and regasification unit (FSRU) Excellence at Bangladesh's Moheshkhali Floating LNG (MLNG) terminal.

"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 symbolises years of relentless effort, continuous improvement, and the highest standards of operational excellence," said David Liner, Executive Vice President and Chief Operating Officer.

President and Chief Executive Officer Steven Kobos added, "I am pleased that we completed our 3,000^th ship-to-ship operation in Bangladesh, helping fuel economic growth by delivering more than a third of the country's natural gas needs. I want to congratulate Excellence's outstanding crew, our 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 ensures Bangladesh's energy security. With a capacity of up to 600 million standard cubic feet of gas per day, MLNG provides a reliable energy source that supports industrial development and job creation more sustainably.