Excelerate Energy To Develop Second LNG Facility In Argentina

November 2010 Vol. 237 No. 11

Excelerate Energy L.P. recently announced the signing of a Term Sheet with a consortium formed by Argentina’s ENARSA S.A. and YPF S.A. to develop a second Argentine LNG importation facility in Escobar, 30 miles north of Buenos Aires.

The Escobar LNG import facility, complementary to the existing GasPort® operation south of Buenos Aires in Bahia Blanca, will allow delivery of up to an additional 500 MMcf/d of natural gas to Argentina’s market. Due to its favored location, the GasPort facility in Escobar will have a significant impact on the supply to Buenos Aires and the north of Argentina, adding flexibility and fast response to these growing markets.

The Escobar facility, scheduled for completion in May, will be fully integrated with Argentina’s existing gas transmission utilities. The year-round facility will accommodate an Excelerate Energy 150,900m³ Energy Bridge Regasification Vessel® (EBRV®) receiving and regasifying LNG cargos via conventional LNG carriers utilizing Excelerate Energy’s Ship to Ship Transfer (STS) process alongside the jetty. In addition to providing basic engineering and design support, Excelerate will provide modular equipment and process control components based on its GasPort technology.