Wednesday, March 24, 2010
Excelerate Energy successfully delivers seven winter cargos
Excelerate Energy Successfully Delivers Seven Winter Cargos
Consecutive deliveries support high demand during New England's peak season
The Woodlands, Texas and Salem, Massachusetts, March 24, 2010 - With the departure of the liquefied natural gas (LNG) carrier Exquisite on March 8, 2010, Excelerate Energy, L.P., (Excelerate Energy) owners / operators of Northeast Gateway (NEG) Deepwater Port, today confirmed successful completion of seven LNG cargos through the Port with the first delivery in November 2009.
The facility was designed and constructed specifically to support the anticipated high demand for natural gas from the New England area during their peak winter heating seasons. The facility received the first cargo for the most recent winter heating season on Nov 19th 2009 with the arrival of Excelerate Energy's Energy Bridge® Regasification Vessel (EBRV™) Excellence. Delivering natural gas at sendout rates varying between 180 and 500 million standard cubic feet per day (MMscfd), the NEG Port received a new delivery approximately every 10 days from Excellence, Explorer, Express, Exquisite and Excelerate. These LNG cargos were sourced from Egypt, Trinidad and Qatar and the volumes were marketed to customers in the Northeast by Barclays Capital.
The regasification system developed by Excelerate Energy allows its purpose-built EBRVs to regasify its cargo of LNG and deliver vaporous natural gas through its two submerged turret loading buoys (STL™) located approximately 90 feet below the water surface when not in use. With this technology they can achieve optimal sendout rates, maintain consistent flow and avoid interruption. The successful completion of seven consecutive deliveries through the NEG Port further demonstrate Excelerate Energy’s ability to deliver reliable base-load natural gas supplies into the New England market.
The NEG facility commenced commercial operations in 2008 and is located approximately 15 miles east of Boston in Massachusetts Bay. Excelerate Energy contracted with Algonquin to extend a 16-mile pipeline lateral from Spectra Energy's HubLine to the Deepwater Port.
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About Excelerate Energy, L.P.:
Excelerate Energy, L.P. (Excelerate Energy), based in The Woodlands, Texas, is a liquefied natural gas (LNG) importer and marketer that's redefining the way LNG moves around the globe. With the proven ability to apply its proprietary Energy Bridge technology to a growing network of market access points worldwide, Excelerate Energy can connect LNG suppliers and customers in a way that minimizes costs for both while maximizing the value of each delivery. Excelerate Energy's fleet of state-of-the-art, environmentally friendly, Energy Bridge Regasification Vessels (EBRVs) compliment the company's downstream investments in dockside GasPorts and deepwater port Gateways. To further enhance the capabilities of the existing EBRVs and their cargoes, Excelerate Energy has developed and implemented the first commercially viable program of LNG transshipment via ship-to-ship transfer. This combination of expertise, innovation, and strategic physical assets give the company the equivalent of a flexible, global "pipeline" that can transport LNG from virtually any point to any other point – facilitating delivery to the highest value markets around the world. For more information please visit www.excelerateenergy.com
Tel: (832) 813-7100
Email: info@excelerateenergy.com
Media contacts
Cheryl Floyed
Manager – Marketing and Communication
Tel: (832) 813.7685
Email: cheryl.floyed@excelerateenergy.com
