On 31 March 2008, Kuwait National Petroleum Company (KNPC) signed a US$150 million contract with Excelerate Energy to build an LNG import facility at the port of Mina Al-Ahmadi which became operation in August 2009 The newly-built FSRU Golar Igloo replaced Excelerate's vessel in March 2014. The unit extended the nominal capacity from 500 mmcfd to 640 mmcfd and the on-board storage capacity to 170,000 m³. It is moored at the terminal between March and December when gas demand is at its highest. LNG volumes are unloaded from conventional tankers onto the FSRU in port, via a fixed ship-to-ship transfer system. The volumes are then regasified on the FSRU and transported via pipeline to the capital to feed power plants and water desalination facilities during periods of peak demand.