The Northeast Gateway
Energy Bridge Deepwater Port
--Project Update and Review
January 20, 2006
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Northeast Gateway Energy Bridge
Deepwater Port Project Facts
• Based on Excelerate Energy’s proprietary Energy
Bridge shipboard regasification technology
• Port will be located in federal waters roughly 13
miles south-southeast of Gloucester
• A dual-buoy system will be capable of ensuring
continuous delivery of natural gas
• Throughput capacity available will range from 400
to over 800 MMcf/d
• Only project that can be in-service by 2007
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Energy Bridge™ Technology
3
Energy Bridge™
System Overview
The Energy
Bridge™ system
is based on
proven
technology used
for over a
decade in the
harsh North Sea
marine
environment
High Pressure Pumps
And Vaporizers
Reinforced LNG
Storage Tanks
Oversized
Boiler
Traction
Winch
Buoy
Compartment
Energy Bridge™
Regasification Vessel
When not in use,
the buoy will
remain 80 to 90
feet below the
surface
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Energy Bridge™
Mooring System Components
The Submerged
Turret Loading
(STL™) buoy
was developed
by Advanced
Production and
Loading
With this system,
Energy Bridge™
has minimal
installed
infrastructure
and therefore
minimal
environmental
impact
STL
Buoy
Subsea Pipeline
To Shore
Energy Bridge™
Regasification Vessel
Flexible
Riser
Subsea
Manifold
Anchor
Lines
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Energy Bridge™ Operation
General Overview
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Gulf Gateway Energy Bridge™
Commissioned March 17, 2005
Gulf Gateway Energy Bridge™ Deepwater Port
Regasification Vessel Excelsior Docked and Vaporizing
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EBRV Shipping Fleet
Five Vessels Strong
• First generation vessels are of identical design at 138,000 m3
of LNG (≈3 Bcf) with a peak sendout rate of 450 MMcf/d
– Excelsior – January 2005
– Excellence – May 2005
– Excelerate – October 2006
• Second generation vessels are larger at 150,900 m3 (≈3.3
Bcf) with a peak sendout rate of 600 MMcf/d
– TBN Explorer – March 2008
– TBN Express – 2009
• Excelerate has also chartered the conventional LNG Carrier
Excalibur (sister ship to the first generation EBRVs)
• Excelerate has the assets in place for a 2007 delivery
schedule
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Northeast Gateway Deepwater Port
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Northeast Gateway Deepwater Port
Siting Complexities
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Northeast Gateway Energy Bridge
Deepwater Port Operations
• Northeast Gateway designed as a baseload facility
– Design based on extreme Massachusetts Bay conditions
– Statistical analysis reveals >99% weather availability
• Flexible output possible to meet market needs
– During periods of peak demand, two EBRVs can be
simultaneously accommodated
– EBRVs have the ability to rapidly increase and decrease
delivery rate
• Port can accommodate larger vessels (up to
250,000 m3) to maximize future throughput
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Severe Weather Capability
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Gulf Gateway Performance
Hurricane Katrina Landfall
Gulf Gateway Energy Bridge
Image courtesy of HurricaneTrack.com13
Hurricane Katrina Timeline
For Gulf Gateway and EBRV Excellence
8/19 EBRV Excellence arrives at
Gulf Gateway & starts the
commissioning process
8/25 Hurricane Katrina makes
landfall in Florida,
expectation is it will trend
north
8/26 Hurricane Katrina enters the
Gulf of Mexico, strengthening
to a Category 5 storm by
8/28
8/28 EBRV Excellence continues
operations with 5 to 6 meter
sea states and ≈50 knots
winds
8/30 Discharge successfully
completed with no
interruptions due to weather
Map Courtesy of AccuWeather, Inc.
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Hurricane Rita’s Path
Approximately 25 Miles From The Eye
Gulf Gateway
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The Need for Additional Natural Gas
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The Need for Natural Gas
In The Northeastern US
• Northeast Gateway reviewed supply & demand forecasts by:
– U.S. Energy Information Administration (EIA)
– Federal Energy Regulatory Commission (FERC)
– Congressional Research Service (CRS)
– Northeast Gas Association (NGA)
– National Petroleum Council (NPC)
– National Commission on Energy Policy (NCEP)
– Power Planning Committee of New England Governor’s
Conference
– Conservation Law Foundation (CLF)
• Independent analyses are consistent in their recognition that
a near-term need exists
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Timing Benefits
Northeast Gateway Deepwater Port
• Analysis Group Market Study
– Identified need as soon as 2007
• Consistent with independent studies
• Hurricanes Katrina and Rita highlighted regional vulnerability
• Critical infrastructure must be developed now to meet
demand
• Early project implementation provides a buffer to demand
forecasts
– Meets timing of earliest forecasted need
– Enables prove-up ahead of a potential “gas crisis”
• Northeast Gateway can be in service by 2007
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Deepwater Port Review Process
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Northeast Gateway DWP
Application History
• Northeast Gateway voluntarily agreed to undergo concurrent
MEPA review
– MEPA process likely to be used as basis for Gov. Romney’s approval
– Forum for state and local stakeholder involvement in the process
• Environmental Notification Forms (ENFs) filed with the state in
March 2005 for the Port and Pipeline Lateral
– Northeast Gateway (Excelerate) to build, own and operate the Port
– Algonquin Gas Transmission to build, own, and operate the pipeline
• DWPA application was filed on June 13
– Over a year of public and agency outreach efforts
– Six-month pre-filing process with state and federal agencies
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Northeast Gateway
Application Process and Timeline
• ENFs filed with EOEA
March 15, 2005
• DWP Application filed with USCG
June 13, 2005
• Completeness Determination
August 18, 2005
• Data Request (Clock Stopped)
November 18, 2005
• Response to Data Request
December 2005
• Clock Resumption (Pending)
January 2006
• Record of Decision
September 2006
• Final License and Related Permits
4Q 2006
• Construction commencement
1Q 2007
• Commencement of Operations
3Q 2007
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Environmental Benefits of the Northeast
Gateway Deepwater Port
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Environmental Improvements
Result of Existing Operations
• Northeast Gateway has committed to significantly reduce
water usage on existing and future ships
– Intake and discharge reduced over initial expectations by 95%+
– Intake velocity reduced to < 0.5 feet per second
Initial Intake
(MGD)
Initial Discharge
(MGD)
Reduced
Intake (MGD)
Reduced
Discharge (MGD)
Engine Cooling Condenser
46.9
46.9
0
0
Main Seawater Cooling
5.9
5.9
0
0
Ballast Water
1.87
0
1.87
0
Water Curtain
0.6
0.6
0.6
0.6
Freshwater Generator
0.3
0.3
0.3
0.27
Hoteling and Sanitary Services
N/A
0.317
N/A
0.005
55.57
54.017
2.77
0.88
5%
2%
EBRV Design Use
Total
% of Original Water Use
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Environmental Improvements
Result of Existing Operations
• Northeast Gateway has committed to significantly reduce air
emissions as well
– Addition of selective catalytic reduction technology and operational
improvements
• Existing ships that will call on Northeast Gateway
• New ships under construction
• Project is not considered to be a major source of air pollution
– NOX emission levels will be less than 50 tons per year
– CO2 emission levels will be less than 100 tons per year
– Project is not subject to Federal stationary new source permitting
requirements (PSD / NSR regulations) at these levels
• Northeast Gateway will have the benefits of these
improvements from the first day of operations
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Northeast Gateway Deepwater Port
Additional Points of Note
• Project commitments have been made early (and
substantially at risk) to keep target timing
– Commitments outstanding for a total of 5 EBRVs
– Subsea coring and extensive analysis conducted early
– Buoy contract executed with APL (buoy manufacturer)
• Excelerate Energy has worked with MARAD to
establish a cadet program on its LNG vessels
– Cadets serving from Texas A&M Galveston (current)
– Cadets serving from Mass & Maine Maritime (forthcoming)
– Goal is to increase the base of skilled US crewmembers
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LNG Supply
Excelerate’s Global Reach
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LNG Supply
A Global Marketplace
• LNG is a global commodity, with sources around the world
• U.S. markets are of key interest to suppliers to diversify their
price exposure and supply a growing need
• Excelerate Energy, parent company of Northeast Gateway,
has secured LNG from suppliers around the world
• Additional LNG supplies are presently coming to market with
more before the commissioning of Northeast Gateway
• Existing sources are expanding / new supply is being added
throughout the Atlantic Basin (Trinidad, Egypt, Nigeria,
Qatar, Oman, etc.)
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LNG Supplier Relationships
2005 Cargo Commitments
Cargoes Confirmed
Cargoes Delivered
Northeast
Gateway
Egypt
Gulf Gateway
Trinidad
•
Nigeria
Malaysia
Gulf Gateway commenced operations in March 2005
– First EBRV Excelsior came into service in January 2005
– Second EBRV Excellence came into service in May 2005
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Northeast Gateway
Looking Forward to Serving Massachusetts
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