Aguirre Offshore GasPort Project - Platts

1 © 2012 Excelerate Energy L.P. All Rights Reserved.

Una solución de Excelerate Energy para la importación de GNL.

January 24-25, 2013

Aguirre Offshore GasPort Project

Caribbean Energy Conference 2013 Paradise Island, Bahamas

2 © 2012 Excelerate Energy L.P. All Rights Reserved. 2 © 2012 Excelerate Energy L.P. All Rights Reserved.

Company Overview Section II:


Excelerate Energy’s History of Innovation

2004 2005 2006 2007 2008 2003 2009 2010 2011

“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

“First LNG Facility on the US East Coast in 30 Years”

Northeast Gateway Commissioned

May 2008

“South America’s First LNG Import Facility”

Bahia Blanca GasPort Commissioned

June 2008

“100th Ship-to-Ship Transfer of LNG”

Over 12,600,000 m3

of LNG transferred

April 2011

“World’s First At-the-Dock

LNG STS Transfer” Bahia Blanca GasPort

June 2008

“World’s First GasPort” Teesside GasPort

Completed

February 2007

“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

“Argentina’s Second LNG Importation Facility” GNL Escobar GasPort

Commissioned

June 2011


Company Profile • Pioneer and world leader in innovative offshore LNG solutions and

ship-to-ship transfer of LNG

– Commercial control of approximately $3 billion in assets – Established global LNG operations; based in The Woodlands, TX. – Developer of proprietary offshore and dockside LNG regasification solutions

• Unrivaled asset base offering redundancy and security – 8 floating storage and regasification units (FSRUs), 1 conventional LNG carrier

in operation and 1 FSRU under construction

LIQUEFACTION TRANSPORTATION REGASIFICATION TRADING


Excelerate Energy Around the World

Mina Al-Ahmadi (2009) GasPort – 4.0+ mtpa

Teesside (2007) GasPort – 3.5+ mtpa

Escobar (2011) GasPort – 4.0 mtpa Bahia Blanca (2008)

GasPort – 3.0 mtpa

Northeast Gateway (2008) Deepwater Port – 3.5 mtpa

Regional Office Regasification Project

Under Development

Aguirre GasPort (2014) GasPort – 2.0 mtpa

VT3(2013) GasPort – 5.0 mtpa

Excelerate Energy has developed more floating LNG facilities around the world than any other corporation.


What is a Floating LNG Terminal?

• A floating LNG terminal has the onboard capability of transporting, storing and converting LNG back into natural gas, a process known as “regasification.”

• The cost of constructing and operating our floating terminals is approximately one-half to two-thirds the cost of building and operating a similarly sized land-based facility.


Market Evolution to a Solution-Based Approach

Important floating regasification project facts: • Markets need a natural gas solution, not just a ship • The regasification vessel is only part of the equation • Regasification service providers must be well versed in all aspects of a project


Critical Areas of Expertise for a Floating Regasification Project

Vessel Operations and Logistics

Ship-to-Ship Cargo Transfer

Fixed Infrastructure Design, Development,

and EPC

Integration and Operation

All aspects must be clearly understood and managed to ensure that reliability, efficiency, and – above all – safety are maintained at a floating regasification project

A project is only as good as its weakest link


Excelerate’s Approach to Project Development

• Every project, complex or simple, is important to the customer, regardless of our defined role – Critical to bring that perspective and experience to the customer – As important as it is to know how all the pieces fit together, it is equally

important to be able to put them together to the benefit of the customer – A project is deemed a success when the whole project works, not just

parts of it • It’s not necessary to do everything on every deal (logistics, operations, EPC,

etc.) but it is important the customer knows we could if they needed us • Excelerate’s focus is straightforward:

– Act as a partner not a service provider – Develop solutions and consistently strive for performance enhancements – Be flexible on deal structures – meet customer needs

• In the end, no two projects are the same

10 © 2012 Excelerate Energy L.P. All Rights Reserved. 10 © 2012 Excelerate Energy L.P. All Rights Reserved.

Aguirre Offshore GasPort Section IV:


PREPA Fuel Diversification Plan

DEC 2012

CONFIDENTIAL


Project Evolution

• Excelerate Introduction to PREPA – August 2008 - First meetings with PREPA – January 2009 – Excelerate presents its concept for utilizing its technology to

address PREPA’s plans for natural gas conversions – November 2010 – PREPA conducts a public Expression of Interest/Pre-Qualification

process. – December 2010 – Excelerate participates in PREPA’s EOI/PQ process and proposes

the Aguirre Offshore GasPort concept – February 2011 – PREPA selects Excelerate as most qualified to design, construct

and operate the Aguirre Natural Gas Project – December 2011 – Excelerate makes request to the FERC to initiate the pre-filing

process for the Aguirre Offshore GasPort Facility – January 2012 - Excelerate begins the pre-filing process – 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


Floating Regas Solution Puerto Rico – Aguirre GasPort

Aguirre Power Plant • Thermoelectric Plant 900 MW • Combined Cycle Plant 592 MW • Total Capacity 1,452 MW


Configuration


Offshore Jetty (Sea Island) Arrangement

Delivering LNG Carrier

Excelerate’s Energy Bridge FSRU

Offshore Jetty (Sea Island)

High Pressure Gas Arm

Liquid Loading Arms


View from Aguirre Power Plant


Proposed Aguirre Offshore GasPort

Central Aguirre

Location Under Study


Aguirre Offshore GasPort Project Overview

• Key project information – Location is approximately four miles offshore the southern coast of Puerto Rico,

near the towns of Central Aguirre, Salinas and Guayama – Project will utilize one of Excelerate Energy’s 150,900 m3 Energy Bridge FSRUs in

an across-the-dock arrangement with an offshore sea island – Facility will operate year-round, delivering natural gas to PREPA’s Aguirre Power

Plant as its primary fuel source

• AOGP is a sound project, designed to bring substantial economic and environmental benefits to Puerto Rico – Provides growth for Puerto Rico, with regasification throughput rates of up to 500

million cubic feet per day – Reduces the use of heavy fuel oil and diesel at the Aguirre Power Plant, resulting

in cleaner emissions – Construction of the Aguirre Offshore GasPort will be Excelerate Energy’s seventh

floating LNG import facility – expected in-service date of mid-2014


Why the Aguirre Power Plant?

• The goal is to provide natural gas to the Central Aguirre Power Plant – This is a step forward in the island’s strategy to convert power generation

from oil to cleaner-burning natural gas.

• Most cost savings with Aguirre Power Plant – Aguirre Plant is the largest power plant on the island with a total of production

capacity of approximately 1,500 MW. – Because of it’s size, Aguirre has the highest fuel costs of all of

PREPA’s facilities.

• Environmental benefits – Large reduction in air emissions at this large facility – Reduction in fuel barges transiting the Jobos Bay Reserve


Permitting Process

• 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)

– Any other Commonwealth or local Permits/Authorizations


Permitting Process

• Lead Federal Agency is FERC – Certification under the Natural Gas Act – Project subject to a full NEPA Review – Require an Environmental Impact Statement – FERC requires the contracting of a third-party EIS contractor to assist

them, at the applicant’s cost – FERC requires a NEPA pre-filing consultation with its Staff at least 6-

months prior to formal filing. – Estimated Review Process Timeline – 18 mos. to 2 years from date of pre-

filing


Permitting Process

• Public Scoping Meetings – Excelerate has conducted three public information meetings in the

project area since making its pre-filing with FERC – FERC has conducted two public scoping meetings in the area – Comments from the public will be considered in the EIS

• Baseline Studies – Geophysical surveys (magnetometer, Side-Scan-Sonar, sub-bottom

profiler, bathymetry) – Sediment sampling and surveys (geotechnical, sediment chemistry) – Benthic sampling and surveys


Process & Project Timeline

12 Months

Full public environmental review and analysis under

the National Environmental Policy Act (NEPA). Federal Energy

Regulatory Commission (FERC) Pre-filing Process

12 Months 9-12 Months

Construction

2012 2013 2014

Public participation is encouraged during the entire process of the project timeline.

In-Service 4Q 2014


Initial Consultation with FERC June 15, 2011

Filing Formal Pre-filing request December 21, 2011

Filing Complete Application February 2013

Commission Approval No later than November 2013

In-Service 4Q 2014

Aguirre GasPort Project Schedule


EXCELERATE ENERGY L.P. 1450 Lake Robbins Drive, Suite 200 The Woodlands, TX 77380 1 (832) 813-7100 www. excelerateenergy.com

Thank you!

Aguirre Offshore GasPort Project - Platts

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