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FERC authorises Aguirre Offshore GasPort Project

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LNG Industry,

The US Federal Energy Regulatory Commission (FERC) has issued an order granting authorisation to Excelerate Energy, in cooperation with the Puerto Rico Electric Power Authority (PREPA), to site, construct, and operate the proposed Aguirre Offshore GasPort Project located offshore Puerto Rico.

The Aguirre Offshore GasPort Project will be a floating LNG (LNG) terminal, consisting of 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.

The Project has undergone an exhaustive analysis through the environmental review process that began in December of 2011.  Excelerate and PREPA have also 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.

"We are pleased to receive the order from FERC after nearly four years of extensive environmental review," stated Rob Bryngelson, Excelerate's Chief Executive Officer. "During this time, Excelerate has not diminished its efforts to deliver the beneficial Aguirre Offshore project, nor has the company wavered in its support for PREPA's and the government of Puerto Rico. Excelerate firmly believes that the project will provide a valuable service to PREPA and bring tangible and enduring benefits to the citizens of Puerto Rico."

PREPA's interim Executive Director, Carlos Castro, said: "The order represents an important milestone in the development of the project […] This project is critical for PREPA to reduce the cost of energy in Puerto Rico and to reduce the emission of air pollutants."

Excelerate will continue to work with FERC and cooperating agencies in preparation for the commencement of construction, which is estimated to begin 1Q16, with an in-service date of 2Q17.

Edited from press release by

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