Excelerate Gets Go Ahead On Aguirre Offshore GasPort Project

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The Federal Energy Regulatory Commission (FERC) authorized Excelerate Energy, in cooperation with the Puerto Rico Electric Power Authority (PREPA), to site, construct and operate the Aguirre Offshore GasPort Project, off the shore of Puerto Rico.

The project will consist of a floating LNG terminal with a floating storage and regasification unit (FSRU), minimal infrastructure to moor the vessel, and a subsea pipeline to deliver the gas onshore. The facility will provide fuel to PREPA’s Central Aguirre Power Complex.

Fuel cost reduction and environmental improvements, such as improved air quality and reduced barge traffic in the environmentally sensitive Jobos Bay, are the primary drivers for bringing the Project to Puerto Rico

“We are pleased to receive the order from FERC after nearly four years of extensive environmental review,” said Rob Bryngelson, Excelerate’s chief executive officer.

Construction is expected to begin the first quarter of 2016, with an in-service date of the second quarter of 2017.

The project has undergone an analysis through the environmental review process that began in December of 2011. Within this timeframe, Excelerate has provided extensive information regarding the design, construction and operation of the project to the FERC, cooperating agencies and the general public.

Additionally, both Excelerate and PREPA have held numerous meetings with the private and public sectors, as well as local communities and interested parties, to ensure complete transparency throughout the entire permitting process. On Feb. 20, FERC issued the final EIS, which assessed the environmental impacts of the project and determined that the project was suitable for construction and operation.

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