FERC approves Excelerate Energy's Puerto Rico FLNG project
The U.S. Federal Energy Regulatory Commission (FERC) has granted authorization to Excelerate Energy, in cooperation with the Puerto Rico Electric Power Authority (PREPA), to site, construct, and operate the proposed Aguirre Offshore GasPort project.
The order confirms the final Environmental Impact Statement (EIS) that resulted in a finding of no significant environmental impact. As part of the order, the project will comply with all the environmental conditions outlined by FERC.
The proposed project, located offshore Puerto Rico, will be a floating LNG (FLNG) terminal with the same capabilities as a land-based terminal. The terminal will consist 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. 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.
In the coming months, Excelerate will continue to work with FERC and cooperating agencies in preparation for the commencement of construction.
Construction is estimated to begin the first quarter of 2016, with an in-service date of the second quarter of 2017.
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