Excelerate Energy, the Texas-based developer and operator of floating LNG regasification unit (FSRU) solutions has announced positive progress in their plans to install a floating LNG import facility offshore Puerto Rico.
The prospective Aguirre Offshore GasPort Project (AOGP) will involve a floating terminal offshore Jobos Bay on the southern coast of Puerto Rico supporting a baseload natural gas throughput capacity of 500 Mmcf/day (based on 1,500 MW) with a storage capacity of 3.2 Bcf, corresponding to a 150,900 m3 FSRU.
In early May, Excelerate notes they received the Notice of Schedule for Environmental Review from the Federal Energy Regulatory Commission (FERC) for the AOGP and on the same day, the project also received the Letter of Recommendation (LOR) from the United States Coast Guard indicating their recommendation on the suitability of the waterway surrounding the Jobos Bay to accommodate LNG marine traffic.
“Having the Coast Guard’s support is crucial to the success of this project,” commented Daniel Bustos, Chief Development Officer of Excelerate Energy. “We are pleased they confirmed the safety and security of the location of the facility.”
Excelerate is targeting the fourth quarter of 2015 to be in service, preceded by FERC’s final Environmental Impact Statement which they estimate will be completed in mid-December 2014. .