Excelerate Energy to Develop Argentinean LNG Terminal

Excelerate Energy will develop a second liquefied natural gas (LNG) importation facility in partnership with a consortium of ENARSA and YPF in Escobar near Buenos Aires, Argentina.

The Escobar LNG import facility will add to the existing GasPort operation and will enable delivery of up to an additional 500 million cubic feet of natural gas per day to the Argentinean market.

Due to its location the GasPort facility will have a significant impact on the supply to Buenos Aires and the north of Argentina.

The facility is scheduled for completion in May 2011 and will be fully integrated with Argentina’s existing gas transmission utilities.

The facility will accommodate an Excelerate Energy 150,900m³ Energy Bridge Regasification Vessel receiving and regasifying LNG cargos via conventional LNG carriers using Excelerate Energy’s ship to ship transfer process alongside the jetty.

Excelerate will also provide modular equipment and process control components based on its GasPort technology.