Excelerate Energy's Northeast Gateway Terminal Ramps Up Send-out in Arctic Blast
LNG Imports Helping New England Meet Energy Demand During Extreme Cold Weather
BOSTON, Feb. 8, 2019 /PRNewswire/ -- Excelerate Energy L.P.'s (Excelerate's) Northeast Gateway Deepwater Terminal (Northeast Gateway), located offshore Boston, reached a peak send-out flow rate of over 800,000 MMBTU per day of natural gas on February 1, 2019, a first for the terminal. The operation was completed by two of Excelerate's floating storage regasification units (FSRUs), Exemplar and Express, discharging in parallel through Excelerate's proprietary offshore buoys.
During the coldest days of the year, demand for natural gas from residential customers rises in New England. Historically, during these times, as natural gas deliverability becomes constrained, power generators have been forced to burn dirtier fuels such as oil. This year, liquefied natural gas (LNG) imports from Excelerate's Northeast Gateway facility, have complimented the system by providing a stable, reliable supply of clean energy during this peak demand, allowing generators to continue burning natural gas.
The terminal is designed to respond to local market conditions in real-time and can ramp up service to ensure energy providers meet customer demand. At a flow rate of 800,000 MMBTU per day, this represents approximately the average gas demand of power generators during recent January - February periods.
"Excelerate's Northeast Gateway has helped New England prepare for the winter months by supplying natural gas to meet the increased energy demand of the region," stated Excelerate's Managing Director Steven Kobos. "Deliveries of LNG directly into the Algonquin system helps to bring much-needed market stability and fuel security to the Northeast, an added benefit for consumers."
Located 13 miles offshore Boston, Excelerate commissioned Northeast Gateway in 2008. The terminal consists of a dual submerged turret-loading buoy system which allows for the connection of FSRUs that have been specifically designed to meet the challenging conditions of the North Atlantic. FSRUs act, in all aspects, similar to a land-based terminal and have the onboard capability to vaporize LNG and deliver natural gas directly into the existing subsea HubLine pipeline operated by Enbridge's Algonquin Gas Transmission.
About Excelerate Energy L.P.
Excelerate Energy L.P. is a US-based LNG company located in The Woodlands, Texas. It is part of a privately held US energy group that also includes Kaiser Francis Oil Co, an E&P company with production in the US and Canada along with significant midstream assets, and Cactus Drilling Co, the largest private drilling company in the US. Excelerate is the pioneer and market leader in innovative floating LNG solutions, providing integrated services along the entire LNG value chain with an objective of delivering rapid-to-market and reliable LNG solutions to customers. Excelerate offers a full range of floating regasification services from FSRU to infrastructure development to LNG supply. Excelerate has offices in Abu Dhabi, Buenos Aires, Chittagong, Dhaka, Doha, Dubai, Rio de Janeiro, and Singapore. For more information, please visit the website www.excelerateenergy.com.
SOURCE Excelerate Energy L.P.
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