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Innovations for the Global LNG IndustryInnovations for the Global LNG Industry
Bringing Continents of Energy TogetherBringing Continents of Energy TogetherMarine Technology SocietyMarine Technology Society
March 22, 2007March 22, 2007
Kathleen Eisbrenner
President and Chief Executive Officer
Excelerate Energy
Excelerate Energy OverviewExcelerate Energy Overview
~~ First and only company in the world to develop, construct, and First and only company in the world to develop, construct, and operate an offshore LNG receiving facilityoperate an offshore LNG receiving facility
~~ First and only company in the world to develop, construct and First and only company in the world to develop, construct and operate a dockside LNG receiving facilityoperate a dockside LNG receiving facility
~~ First and only company to complete commercial LNG ship to ship First and only company to complete commercial LNG ship to ship transfer operationstransfer operations
SoonSoon……..
~~ First and only company to develop, construct and operate an First and only company to develop, construct and operate an offshore LNG receiving terminal on the U.S. East Coastoffshore LNG receiving terminal on the U.S. East Coast
The Traditional LNG Value ChainThe Traditional LNG Value Chain
LNGShipping
LiquefactionPlant
Natural GasProduction
Regasification Terminal
The Excelerate LNG Value ChainThe Excelerate LNG Value Chain
LNGShipping
LiquefactionPlant
Natural GasProduction
Regasification Terminal
Energy BridgeEnergy Bridge™™ Regasification VesselsRegasification VesselsProvide Natural Gas Delivery in Three WaysProvide Natural Gas Delivery in Three Ways
Energy BridgeEnergy Bridge™™ was primarily designed to access markets unreachablewas primarily designed to access markets unreachableby conventional meansby conventional means……
Energy Bridge™Deepwater Port
ConventionalLand-Based Terminal
……however, its economics are competitive with a conventional,however, its economics are competitive with a conventional,landland--based LNG terminal based LNG terminal –– with added flexibility benefitswith added flexibility benefits
ExcelerateGasPort™
Energy BridgeEnergy Bridge™™ Regasification VesselsRegasification VesselsLocation of the Three Discharge PointsLocation of the Three Discharge Points
High PressureGas Manifold
STL Buoy
ConventionalLNG Manifold
High Pressure PumpsAnd Vaporizers
Reinforced LNGStorage Tanks
Energy Bridge™Regasification Vessel
TractionWinch
BuoyCompartment
OversizedBoiler
Energy BridgeEnergy Bridge™™ Deepwater Port Deepwater Port STL Subsea Buoy SystemSTL Subsea Buoy System
The Energy The Energy BridgeBridge™™system is based system is based on proven on proven technology technology used for over a used for over a decade in the decade in the harsh North harsh North Sea marine Sea marine environmentenvironment
When not in When not in use, the buoy use, the buoy remains 80 to remains 80 to 100 feet below 100 feet below the surfacethe surface
Energy BridgEnergy Bridgee™™ TechnologyTechnologyMakes GasPort PossibleMakes GasPort Possible
High PressureGas Manifold
Allows delivery of regasified Allows delivery of regasified LNG directly into a gas LNG directly into a gas
pipeline installed on the jettypipeline installed on the jetty
EBRVs come with a high pressure EBRVs come with a high pressure gas manifold as standard gas manifold as standard equipmentequipment
Excelerate EnergyExcelerate Energy’’ssCurrent Market Access NetworkCurrent Market Access Network
~~ Gulf Gateway deepwater portGulf Gateway deepwater port~~ Commissioned March 2005Commissioned March 2005~~ 500 mmcf/d baseload500 mmcf/d baseload~~ 690 mmcf/d peak690 mmcf/d peak
~~ NortheastNortheast Gateway deepwater portGateway deepwater port~~ InIn--service December 2007service December 2007~~ 400 mmcf/d baseload400 mmcf/d baseload~~ 800+ mmcf/d peak800+ mmcf/d peak
~~ Teesside GasPortTeesside GasPort™™~~ Commissioned February 2007Commissioned February 2007~~ 400 mmcf/d baseload400 mmcf/d baseload~~ 600 mmcf/d peak600 mmcf/d peak
Long permitting process may hinder Long permitting process may hinder development of future LNG projects: development of future LNG projects:
ExcelerateExcelerate’’ss ExperienceExperience
~~ The U.S. (Northeast Gateway)The U.S. (Northeast Gateway)~~ Overlapping jurisdiction and Overlapping jurisdiction and
responsibilities among responsibilities among AgenciesAgencies
~~ Evolving rules and policies for Evolving rules and policies for approving (offshore) projectsapproving (offshore) projects
~~ Results is a lengthy and Results is a lengthy and complex processcomplex process
~~ The UK (Teesside GasPort)The UK (Teesside GasPort)~~ Defined jurisdiction and Defined jurisdiction and
responsibilities among responsibilities among AgenciesAgencies
~~ Established rules and policies Established rules and policies for approving projectsfor approving projects
~~ All parties driven to see All parties driven to see project going through project going through –– very very short processshort process
Impact to Permitting Timeline:US (Federal = 18 months; State = 4 months; Overall = 22 months)
UK (Overall = 3 months)
0 22
Hurricane RitaHurricane Rita’’s Paths PathApproximately 25 Miles From The EyeApproximately 25 Miles From The Eye
Gulf Gateway
Source: NOAA
Hurricane Katrina Timeline For Gulf Gateway Hurricane Katrina Timeline For Gulf Gateway / EBRV Excellence/ EBRV Excellence
Source: AccuWeather, Inc.
8/198/19 EBRV Excellence arrives at EBRV Excellence arrives at Gulf Gateway & starts the Gulf Gateway & starts the commissioning processcommissioning process
8/258/25 Hurricane Katrina makes Hurricane Katrina makes landfall in Florida, expectation landfall in Florida, expectation is it will trend northis it will trend north
8/268/26 Hurricane Katrina enters the Hurricane Katrina enters the Gulf of Mexico, strengthening Gulf of Mexico, strengthening to a Category 5 storm by 8/28 to a Category 5 storm by 8/28
8/288/28 EBRV Excellence continues EBRV Excellence continues operations with 5 to 6 meter operations with 5 to 6 meter sea states and sea states and ≈≈50 knots 50 knots windswinds
8/308/30 Discharge successfully Discharge successfully completed with no completed with no interruptions due to weatherinterruptions due to weather
EXCELSIOR Docked at Teesside GasPortEXCELSIOR Docked at Teesside GasPortFebruary 12, 2007February 12, 2007
~~ Second operational LNG receiving facility in the United KingdomSecond operational LNG receiving facility in the United Kingdom
~~ Site selection to inSite selection to in--service in 12 monthsservice in 12 months
~~ Low capital cost, high flexibility asset for LNG impactLow capital cost, high flexibility asset for LNG impact
Development TimelineDevelopment TimelineChronology of Teesside GasPortChronology of Teesside GasPort
~~ Global price differentials for Global price differentials for upcoming winters reveal a market upcoming winters reveal a market opportunityopportunity
~~ Excelerate teams with Gas Strategies Excelerate teams with Gas Strategies to identify best sites in UK for to identify best sites in UK for GasPortGasPort
~~ Teesport identified as an ideal Teesport identified as an ideal location location –– discussion on possible discussion on possible locations ensueslocations ensues
~~ Agreement reached with PD Teesport Agreement reached with PD Teesport to locate on a disused crude jetty to locate on a disused crude jetty ––the Excelerate Jetty is bornthe Excelerate Jetty is born
~~ Design work commencesDesign work commences--planning planning application filedapplication filed
~~ EPIC contract executed EPIC contract executed ––construction commencesconstruction commences
~~ Planning permissions received Planning permissions received ––investment to date over investment to date over ££10 million10 million
~~ Detailed risk assessments performed Detailed risk assessments performed with close regulatory coordinationwith close regulatory coordination
~~ First cargo arrival and dischargeFirst cargo arrival and discharge!!
July 2005
December 2005
February 2006
June 2006
August 2006
February 2007
GasPort Offloading ArmGasPort Offloading ArmBrings It All AshoreBrings It All Ashore
~~ HighHigh--pressure gas arm pressure gas arm capable of accommodating capable of accommodating full flows of up to 600 full flows of up to 600 million cubic feet per day million cubic feet per day (17 mcmd)(17 mcmd)
~~ Designed to accommodate Designed to accommodate a wide tidal range while a wide tidal range while Energy Bridge Energy Bridge Regasification Vessels are Regasification Vessels are moored at the jettymoored at the jetty
~~ Quick connect / quick Quick connect / quick disconnect coupling allows disconnect coupling allows for rapid for rapid ““drydry--breakbreak””separation in an emergencyseparation in an emergency
Latest InnovationLatest Innovation
Teesside GasPortTeesside GasPortAbove Ground Installation (AGI)Above Ground Installation (AGI)
LNGC ExcaliburLNGC ExcaliburAt Anchor At Anchor –– Scapa FlowScapa Flow
Ship to Ship Transfer February 8-10, 2007
EBRV Excelsior EBRV Excelsior Mooring ApproachMooring Approach
Ship to Ship Transfer February 8-10, 2007
EBRV ExcelsiorEBRV ExcelsiorHoses Rigged and ReadyHoses Rigged and Ready
Ship to Ship Transfer February 8-10, 2007
Coming AlongsideComing Alongside
Ship to Ship Transfer February 8-10, 2007
Mooring With Tugboat AssistanceMooring With Tugboat Assistance
Ship to Ship Transfer February 8-10, 2007
Vessels Alongside On FendersVessels Alongside On FendersExcelsior Cooled DownExcelsior Cooled Down
Ship to Ship Transfer February 8-10, 2007
Connecting HosesConnecting Hoses
Ship to Ship Transfer February 8-10, 2007
Full Rate Cargo Transfer (5,000 mFull Rate Cargo Transfer (5,000 m33/hr)/hr)
Ship to Ship Transfer February 8-10, 2007
Draining and Purging HosesDraining and Purging Hoses
Ship to Ship Transfer February 8-10, 2007
Vessels Letting Go Mooring LinesVessels Letting Go Mooring Lines
Ship to Ship Transfer February 8-10, 2007
Vessels SeparatedVessels Separated
Ship to Ship Transfer February 8-10, 2007
STS Transfer STS Transfer –– Scapa Flow Scapa Flow Time Log (Hours)Time Log (Hours)
~~ Rigging FendersRigging Fenders 1.01.0~~ Approach ManeuverApproach Maneuver 1.91.9~~ MooringMooring 1.91.9~~ PrePre--Transfer Safety MeetingTransfer Safety Meeting 1.01.0~~ Connecting HosesConnecting Hoses 2.52.5~~ Hose Purge & Cool DownHose Purge & Cool Down 4.04.0~~ Emergency Shut Down TestEmergency Shut Down Test 0.70.7~~ Cargo TransferCargo Transfer 25.825.8~~ Hose Drain and PurgeHose Drain and Purge 2.02.0~~ Disconnect HosesDisconnect Hoses 2.02.0~~ Letting Go Mooring LinesLetting Go Mooring Lines 0.90.9~~ Separate VesselsSeparate Vessels 0.30.3~~ Recover FendersRecover Fenders 1.01.0~~ TOTAL STS TRANSFER OPERATIONTOTAL STS TRANSFER OPERATION 45.045.0
To date, Excelerate Energy traded 25 LNG To date, Excelerate Energy traded 25 LNG cargoes since early 2005cargoes since early 2005
Loading terminals
Discharge terminals
Flexible Cargo HistoryFlexible Cargo History
Loaded in Trinidad and Tobago
5% discharged via dockside to commission Teesside GasPortSts in Scapa Flow
90% discharged as liquid at Cove Point5% discharged via the buoy at Gulf Gateway
WhatWhat’’s Nexts Next
Northeast GatewayNortheast Gateway
Pakistan GasPortPakistan GasPort
Implications from the Excelerate Value ChainImplications from the Excelerate Value Chain
ExcelerateExcelerate’’s Network and Technology Offer Significant Contributionss Network and Technology Offer Significant Contributions
~~ Low capital cost offers inexpensive insurance plan (aprox $50 MMLow capital cost offers inexpensive insurance plan (aprox $50 MM) for ) for markets/ suppliersmarkets/ suppliers
~~ Dramatic reduction in capital concentration reduces risks and soDramatic reduction in capital concentration reduces risks and some me costscosts
~~ Time to InTime to In--Service reduced by 75%Service reduced by 75%
~~ MultiMulti--point delivery approach mitigates risk, and creates combination point delivery approach mitigates risk, and creates combination of of liquidity points and high value market accessliquidity points and high value market access
~~ StS technology breaks LNG logistics paradigmStS technology breaks LNG logistics paradigm