Paris – March 11, 2020. GTT S.A. announces that its subsidiary GTT North America has signed a 5-year agreement with the owner Excelerate Energy L.P. GTT will assist Excelerate Technical Management (ETM) in the maintenance and operation of 9 FSRUs equipped with GTT`s NO96 technology. This agreement includes on-site GTT technical assistance for inspection, maintenance, repair, operation and engineering, as well as access to the HEARS® emergency hotline, which allows shipowners and their crews to contact GTT experts 24 hours a day to address operational issues. Other difficulties may arise, particularly in countries where the chosen port service provider has no prior knowledge in that country. In this case, the port service provider cannot be willing or unable to provide all the necessary services. For example, pilot services often require experience with local waters, which can make it more difficult for pilots from other jurisdictions to operate in the new area. Elengy promotes the offers of our terminals by market players who complete our regasification offer. Click here to see the detailed offers. Philippe Berterottiére, President and CEO of GTT S.A., said: “We are pleased to help a long-term partner like Excelerate Energy in the efficient work of its FSRUs. This agreement is essential for the development of tailored services, which ensure the performance and safety of everyone.
Edward Scott, Chief Operating Officer of Excelerate Energy, added: “Excelerate Energy looks forward to the continuation of a nearly two-decade relationship with GTT to directly support our mission to provide our global customers with a safe and reliable world-class LNG service. The FSRU-Begriff Charter Party Agreement has evolved considerably over the years and now combines traditional charter party rules with more complex aspects of LNG regasification, timing and operation. This can lead to longer contract negotiations: in our experience, with a few notable exceptions, these negotiations generally go from six to twelve months until the conclusion. While funding for FSRU vessels is traditionally based on corporate financing, project proponents who participate in financing other parts of the project (. B, for example, marine infrastructure) often try to isolate the borrowing unit from project risks.