Aguirre Offshore GasPort - Platts · PDF fileterminal concept to PREPA . NOVEMBER 2010 –...

Copyright Excelerate Energy L.P.

Aguirre Offshore GasPort®

15th Annual Platts Caribbean Conference, San Juan, Puerto Rico January 29, 2015

Copyright Excelerate Energy L.P. 2

Market leader in floating LNG solutions. Excelerate Energy is the recognized industry leader and have delivered more floating LNG solutions – on time and on budget – than any other provider.

01 COMPANY

PROFILE EXCELERATE ENERGY

HÖEGH LNG

GOLAR LNG

2013 FLOATING REGAS PROJECTS DEVELOPED WORLDWIDE:

TOSCANA LNG


Who We Are:

Pioneer and world leader in innovative LNG midstream solutions. • Owner and Operator of LNG Carriers

• Designer, owner, and operator of Floating Storage and Regasification Units (FSRUs)

• Developer of Floating Liquefaction, Storage and Offloading (FLSO) Units

• Provider of Operating Services under long-term contracts

• Provider of support services including LNG sourcing, LNG trading and shipping

• In-house expertise to take projects from concept to operation


Over a decade ago, Excelerate Energy saw the need for a cost-efficient, fast-track solution for the importation of LNG and introduced the concept of onboard regasification of LNG. Since bringing floating regasification to market, our technology has been widely accepted across the globe and has created new markets for LNG.

Bringing a new idea to market.

The first FSRU


Largest fleet of FSRUs in the industry.

VESSEL DELIVERY DATE CLASS CAPACITY PEAK SENDOUT

Excalibur October 2002 LNGC 138,000 m3 –

Excelsior January 2005 Excelsior 138,000 m3 690 MMcf/day

Excellence May 2005 Excelsior 138,000 m3 690 MMcf/day

Excelerate October 2006 Excelsior 138,000 m3 690 MMcf/day

Explorer March 2008 Explorer 150,900 m3 690 MMcf/day

Express May 2009 Explorer 150,900 m3 690 MMcf/day

Exquisite October 2009 Explorer 150,900 m3 690 MMcf/day

Expedient April 2010 Explorer 150,900 m3 690 MMcf/day

Exemplar September 2010 Explorer 150,900 m3 690 MMcf/day

Experience May 2014 Experience 173,400 m3 800 MMcf/day

• Our large fleet offers redundancy, security of service and opportunities for bridging solutions

• All FSRUs are purpose-built

• In addition to the existing fleet, Excelerate Energy has secured shipyard slot options.

• Access to conventional, offshore and dockside regas terminals


Proven Experience With more than 10 years of integrated technical, business development, project execution, and operation experience, we are unrivaled in our ability to respond quickly to our partners’ needs.

Northeast Gateway Deepwater Port® USA — 2008

Aguirre Offshore GasPort® Puerto Rico — 2016

Guanabara Bay Brazil — 2014

GNL Escobar Argentina — 2011

Bahía Blanca GasPort® Argentina — 2008

Teesside GasPort® UK — 2007

Mina Al-Ahmadi GasPort® Kuwait — 2009 - 2013

Hadera Gateway Israel— 2012

Gulf Gateway® USA — 2005

Operational Under Development Decommissioned

Port Qasim Pakistan — 2015

DUSUP Dubai — 2015


History of Innovation At Excelerate Energy, we think of ourselves as a work in progress, constantly evolving to meet the changing needs of our customers and the markets we serve.

“World’s First Commercial LNG Ship-to-Ship Transfer” FEBRUARY 2007

“World’s First Regas Vessel” Excelsior Delivered JANUARY 2005

Excelerate Energy Formed JULY 2003

“World’s First Deepwater LNG Port” Gulf Gateway Commissioned MARCH 2005

“Middle East’s First LNG Importation Facility” Mina Al Ahmadi GasPort Commissioned AUGUST 2009

“South America’s First LNG Import Facility” Bahía Blanca GasPort Commissioned JUNE 2008

“First LNG Facility on the US East Coast in 30 Years” Northeast Gateway Commissioned MAY 2008

“World’s First At-the-Dock LNG STS Transfer” Bahía Blanca GasPort JUNE 2008

“100th Ship-to-Ship Transfer of LNG” Over 12,600,000 m3 of LNG transferred APRIL 2011

“World’s Largest FSRU” EXPERIENCE Delivered to Petrobras MAY 2014

“Argentina’s Second LNG Importation Facility” Escobar GasPort Commissioned JUNE 2011

“Israel’s First LNG Importation Facility” Hadera Gateway Commissioned JANUARY 2013

Excelerate Energy First Cargo Delivered JANUARY 2005

“World’s Largest FSRU” VT3*Contract Executed AUGUST 2011

“World’s First GasPort” Teesside GasPort Completed FEBRUARY 2007


Aguirre Project Development

02 DEVELOPMENT


Project Evolution (2008-2011) AUGUST 2008 – First meetings with PREPA

JANUARY 2009 – Excelerate presents the floating LNG import terminal concept to PREPA

NOVEMBER 2010 – PREPA conducts a public Expression of Interest / Pre-Qualification process

FEBRUARY 2011 – PREPA selects Excelerate as most qualified to design, construct and operate the project

DECEMBER 2011 – Excelerate makes request to the FERC to initiate the pre-filing process for the Aguirre Offshore GasPort Facility


Pre-Filing Phase (2012-2013) JANUARY 2012 – Excelerate begins pre-filing process with FERC

FEBRUARY 2012 – Excelerate holds the first Community Information Session in Aguirre

MARCH 2012 – FERC conducts Public Scoping Meetings in Puerto Rico

FEBRUARY 2013 – Excelerate files formal application with FERC

DECEMBER 2013 – Excelerate receives final data requests from FERC


Contractual Phase (2014-2015) MARCH 2014 – Excelerate and PREPA sign definitive agreements

AUGUST 2014 – Draft Environmental Impact Statement (EIS) received from FERC

FEBRUARY 2015 – Final EIS and Commission approval expected

Q2-3 2015 – Expected start of construction activities

EXPECTED IN-SERVICE 2016


Permitting Process Federal and Local Permits

03 FERC PROCESS


Permitting Process • Lead Federal Agency is FERC • Certification under the Natural Gas Act • Project subject to a full NEPA Review • Requires an Environmental Impact Statement (EIS) • Estimated Review Process Timeline –

18 months to 2 years from date of filing • FERC requires a NEPA pre-filing consultation with its Staff

at least 6 months prior to formal filing • FERC will require the contracting of a third-party EIS

contractor to assist them, at the applicant’s cost


Permitting Process

• Public Scoping Meetings − FERC requires a certain number of public hearings − Comments from the public will be considered in the EIS

• Baseline Studies − Geophysical surveys − Sediment sampling and surveys − Benthic sampling and surveys


Permits and Approvals • FERC Certificate

• US EPA – Clean Water, Clean Air Act Permits

• US Army Corps – Section 404 Water Quality and Section 10 (Rivers and Harbors Act)

• US Coast Guard – Water Suitability Study; Aids to Navigation; Spill Response Plan

• US Fish and Wildlife Service – Section 7 of Endangered Species Act

• National Marine Fisheries – Section 7 of Endangered Species Act and the Magnuson-Stevens Fishery Management and Conservation Act (Essential Fish Habitat- EFH)

• Other Commonwealth or local Permits/Authorizations


The Facility Floating LNG Terminal

04 THE SOLUTION


Aguirre Power Complex Thermoelectric Plant 900 MW Combined Cycle Plant 592 MW

Total Capacity 1,452 MW


Central Aguirre Power Complex

Aguirre Offshore Gasport


The FSRU

• An FSRU is an LNG carrier with the onboard capability to regasify LNG into natural gas

• An FSRU is an alternative to a land-based LNG terminal − Faster to market − More flexible − In most cases, more cost-efficient

REGAS KIT

AGUIRRE OFFSHORE GASPORT


The Fixed Infrastructure

• The docking facility is approximately four miles offshore, “sea island” type jetty

• Designed and built by Excelerate (EPC contract with PREPA)

• Will be owned by PREPA • Operated and maintained by

Excelerate through a subsidiary



Complete Floating Terminal

• The FSRU is permanently moored to the docking facility

• Regasified LNG is sent onshore through a subsea pipeline



LNG Delivery

• LNG carriers moor alongside the FSRU to deliver cargos

• Each vessel has a its own berth − Compatible with all LNG carriers − LNG transferred across the dock

via conventional ‘hard arms’, as in a conventional LNG terminal



Gas Delivery

• Gas is discharged via high-pressure gas offloading arm(s)

• High-pressure natural gas is sent to shore via subsea pipeline



FSRU Advantages

• A floating regasification solution is more cost effective per MMbtu than a traditional land-based solution

FLOATING REGASIFICATION

• Requires less land use

• Reduced design time • Quick identification of

long-lead items • Rapid identification of project risks • Accurate cost estimates

COST EFFECTIVE MINIMAL FOOTPRINT

EXCELERATE’S FSRU EXPERIENCE

• A floating solution can be implemented in 1-3 years vs. land-based in 4-6 years

TIME EFFICIENT


Excelerate Energy References Floating LNG Terminals

05 REFERENCES


START UP: COUNTRY: PROJECT ROLE: KEY TECHNOLOGY: COUNTERPARTY: BASELOAD CAPACITY:

2008 Argentina Integrated Project Team, Commissioning Operator Training

FSRU, HP Gas Arm Control System

Repsol-YPF 500 mmscf/d

Bahía Blanca GasPort® FLOATING REGASIFICATION



2011 Argentina Strategic Partner, Commissioning, Operator Training

FSRU, HP Gas Arm Control System

JV Repsol-YPF 500 mmscf/d

GNL Escobar FLOATING REGASIFICATION



2009 Kuwait EPC, Commissioning, 1st Year Operations

FSRU, HP Gas Arm, Control System, Cryogenic Transfer System

Kuwait National Petroleum Company (KNPC)

500 mmscf/d

Mina Al-Ahmadi GasPort® FLOATING REGASIFICATION



2012 Israel Consulting Services FSRU, STL Buoy Israel Electric Corporation Israel Natural Gas Lines

500 mmscf/d

Hadera Gateway FLOATING REGASIFICATION



2008 USA EPC, Commissioning, Operator FSRU, Buoy Excelerate 600 mmscf/d

Northeast Gateway ® FLOATING REGASIFICATION



2007 UK EPC, Commissioning, Operator FSRU, HP Gas Arm, Nitrogen Blending

Excelerate 400 mmscf/d

Teesside GasPort® FLOATING REGASIFICATION



2014 Brazil Strategic Partner, FSRU Construction , Commissioning. Provided bridging FSRU in 2012

173K FSRU Petrobras 800 mmscf/d

Experience − Guanabara Bay FLOATING REGASIFICATION


START UP: DECOMMISSIONED: COUNTRY: PROJECT ROLE: KEY TECHNOLOGY: COUNTERPARTY: BASELOAD CAPACITY:

2005 2012 USA EPC, Commissioning, Operator

FSRU, Buoy Excelerate 500 mmscf/d

Gulf Gateway® FLOATING REGASIFICATION


Bringing Ideas to Reality: Infrastructure Expertise

Excelerate Energy has a unique ability to provide integrated turnkey solutions including:

• Immediate FSRU bridging solutions • Fixed Infrastructure Design and Installation • EPC construction and commissioning of

offshore and dockside facilities • Dredging requirements • Permitting support • Terminal operations • Financing, owning assets, long-term leasing



Bringing Ideas to Reality: Project Execution Roles

FULL EPC Management of all Engineering, Procurement, Construction, Commissioning including subcontract work

Examples: Kuwait, Puerto Rico, Port Lavaca

FEASIBILITY STUDIES Provides clients with basic design and functionality studies for them

to make further decisions

SUBCONTRACTOR Management of critical components at a facility

Example: Escobar

OWNER’S ENGINEER Oversight role in EPC activities,

hired by client for Excelerate's expertise to oversee and advise

Examples: Northeast Gateway, Teesside, Hadera, Bahía Blanca, Gulf Gateway, VT3

EXCELERATE ENERGY WORKS WITH YOUR TEAM TO FULFILL SPECIFIC PROJECT NEEDS



Reliability and experience you can trust. Providing for the safe, efficient flow of energy.

06 OPERATIONAL & TECHNICAL EXCELLENCE

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

BBGP GNLE MAAGP Brazil

2012 2013

AVAILABILITY OF EXCELERATE’S FSRUS AT GASPORTS


Integration & Operation • Excelerate Energy has accumulated

substantial expertise in floating LNG system integration and operation

• By detailed planning and management we achieve availability rates as high as 100%

• Facilities are manned 24/7 with specialized personnel

OPERATIONAL EXCELLENCE


Environmental Responsibility Through innovation and cooperation, Excelerate Energy constantly seeks to improve the efficiency of our technology, not only to enhance its commercial capabilities, but also to protect the environment. • First company to install Selective Catalytic

Reduction (SCR) technology to LNG carriers – reducing NOx emissions by 90%.

• Our company partnered with Cornell University and the Woods Hole Oceanographic Institution to develop a state-of-the art system that detects the presence of North Atlantic right whale.

OPERATIONAL EXCELLENCE

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