Excelerate Energy LP’s floating storage and regasification unit (FSRU) – known as the Exemplar – has begun operations in Bahia Blanca, a port city located 400 miles south of Buenos Aires, Argentina.
The Exemplar, with a storage capacity of 150,900 m3, will deliver liquefied natural gas (LNG) for the 2021 winter season in Argentina, providing reliability and stability to the country’s energy system despite operating in the challenging conditions of the South Atlantic.
“We are excited to return to Bahia Blanca and continue our partnership with IEASA and YPF to deliver an energy solution that is flexible, cost-effective, and environmentally-friendly during a critical period of peak demand,” said Daniel Bustos, Excelerate’s Chief Commercial Officer. “We are confident the Exemplar can perform again with our local Argentine crew to support the country’s energy transition and post-Covid economic recovery this winter.”
The return of Excelerate’s FSRU comes after the US-based LNG company won an international, competitive tender for seasonal regasification service in Bahia Blanca.
Excelerate, which has headquarters in The Woodlands, Texas, developed the Bahia Blanca GasPort, South America’s first LNG import terminal in 2008 and has also operated GNL Escobar, an LNG import terminal along the Paraná River, since 2011.
LNG is helping countries like Argentina to reduce their dependence on carbon-intensive and more expensive fuel sources. Between 2016 and 2020, Argentina reduced its CO2 emissions by approximately 9.5 million tonnes through the use of LNG instead of diesel and other liquid fuels.
Excelerate offers a full range of floating regasification services from FSRU to infrastructure development to LNG supply. In April, Excelerate completed its 2000th commercial ship-to-ship transfer of LNG.