Excelerate Energy: Efficient And Cost-Effective Solutions ...€¦ · LNG Trading & Marketing •...

Copyright Excelerate Energy L.P.

Excelerate Energy: Efficient And Cost-Effective Solutions for the Global Gas Market

14 January 2014

Copyright Excelerate Energy L.P. 2

Who We Are:

Pioneer and world leader in innovative LNG midstream solutions.

• Commercial control of approx. $3 billion in assets

• Developer of floating liquefaction and regasification LNG solutions

• Active LNG trading and chartering functions

• Eight floating storage and regasification units (FSRUs), one LNGC, and one FSRU under construction

• 100% owned and controlled by George B. Kaiser

• Comprehensive experience from design through operations

• Real-world operational knowledge applied to all project phases


Largest fleet of FSRUs in the industry.

VESSEL DELIVERY DATE CLASS CAPACITY PEAK SENDOUT

Excalibur October 2002 LNGC 138,000 m3 –

Excelsior January 2005 Excelsior 138,000 m3 690 MMcf/day

Excellence May 2005 Excelsior 138,000 m3 690 MMcf/day

Excelerate October 2006 Excelsior 138,000 m3 690 MMcf/day

Explorer March 2008 Explorer 150,900 m3 690 MMcf/day

Express May 2009 Explorer 150,900 m3 690 MMcf/day

Exquisite October 2009 Explorer 150,900 m3 690 MMcf/day

Expedient April 2010 Explorer 150,900 m3 690 MMcf/day

Exemplar September 2010 Explorer 150,900 m3 690 MMcf/day

Hull No. 2402 May 2014 Experience 173,400 m3 800 MMcf/day

• Our large fleet offers redundancy,

security of service and

opportunities for bridging solutions

• All FSRUs are purpose-built

• In addition to the existing fleet,

Excelerate Energy has secured

shipyard slot options.

• Access to conventional, offshore

and dockside regas terminals


STS Transfer of LNG

• Industry leader

• Most LNG STS experience in the industry

• Developed the procedures that are now the guidelines for the industry

STS - Summary as of: 01/10/14

Operation Count Total (CuM)

Open Water 15 1,624,521

Gas In / Cool Down 3 25,572

In Port

Double Banking 304 29,069,973

Tandem - Along Dock 142 18,791,668

Across Dock 74 7,787,216

Total 538 57,298,950

Operator Count Total (CuM)

EE Vessels 79 7,981,615

3rd Party Vessels 459 49,317,335

Total 538 57,298,950


LNG Trading & Marketing

• Commercially-minded fleet operations

• Established trading team with global relationships− 70+ Master Sales & Purchase Agreements with

key market participants

− Offices in Houston, London, and Singapore with a combined 50+ years of direct LNG marketing and trading expertise

− In-house market fundamentals and financial trading capabilities

− Established contractual framework for long term FOB and Tolling Structures

• Commercial experience across the LNG value chain 0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

2005 2006 2007 2008 2009 2010 2011 2012

MM

t

EXCELERATE TRADING AND CHARTERING ACTIVITY*

* EE has traded 5.6 million tonnes of LNG and completed 66 charters


Financial Strength

• Excelerate Energy has access to substantial capital and support —making development opportunities possible for the company.

• Excelerate Energy has commercial control of $3 billion in assets

• George B. Kaiser 100% Shareholder− Chairman of Bank of Oklahoma Financial

− Principal owner of Kaiser-Francis Oil - one of the largest private energy producers in the United States

− Active in the oil and gas sector, including upstream exploration, gas marketing, oil field services, contract drilling and commodity trading.

− Net worth $10 Billion

− #40 in Forbes 400 Wealthiest Americans (2013)


FSRU Advantages

• A floating regasification solution is more cost effective per MMbtu than a traditional land-based solution

• Requires less land use

• Reduced design time

• Quick identification of long-lead items

• Rapid identification of project risks

• Accurate cost estimates

COST EFFECTIVE MINIMAL FOOTPRINT

EXCELERATE’S FSRU EXPERIENCE

• A floating solution can be implemented in 1-3 years vs. land-based in 4-6 years

TIME EFFICIENT


Proven ExperienceWith more than 10 years of integrated technical, business development, project execution, and operation experience, we are unrivaled in our ability to respond quickly to our partners’ needs.

Northeast Gateway Deepwater Port® USA — 2008

Aguirre Offshore GasPort®Puerto Rico — 2015

VT3Brazil — 2014

GNL EscobarArgentina — 2011

Bahía Blanca GasPort®Argentina — 2008

Lavaca Bay LNGUSA — 2018

Teesside GasPort®UK — 2007

Mina Al-Ahmadi GasPort®Kuwait — 2009 - 2013

Hadera GatewayIsrael— 2012

Gulf Gateway®USA — 2005

Operational Under Development Decommissioned

Bridging Solution, 2012


START UP: DECOMMISSIONED: COUNTRY: PROJECT ROLE: KEY TECHNOLOGY: COUNTERPARTY: BASELOAD CAPACITY:

2005 2012 USA EPC, Commissioning,Operator

FSRU, Buoy Excelerate 500 mmscf/d

Gulf Gateway®


START UP: COUNTRY: PROJECT ROLE: KEY TECHNOLOGY: COUNTERPARTY: BASELOAD CAPACITY:

2007 UK EPC, Commissioning, Operator FSRU, HP Gas Arm, Nitrogen Blending

Excelerate 400 mmscf/d

Teesside GasPort®



2008 USA EPC, Commissioning, Operator FSRU, Buoy Excelerate 600 mmscf/d

Northeast Gateway ®



2008 Argentina Integrated Project Team, CommissioningOperator Training

FSRU, HP Gas ArmControl System

Repsol-YPF 500 mmscf/d

Bahía Blanca GasPort®



2009 Kuwait EPC, Commissioning, 1st Year Operations

FSRU, HP Gas Arm, Control System, Cryogenic Transfer System

Kuwait National Petroleum Company (KNPC)

500 mmscf/d

Mina Al-Ahmadi GasPort®



2011 Argentina Strategic Partner, Commissioning, Operator Training

FSRU, HP Gas ArmControl System

JV Repsol-YPF 500 mmscf/d

GNL Escobar



2012 Israel Consulting Services FSRU, STL Buoy Israel Electric Corporation Israel Natural Gas Lines

500 mmscf/d

Hadera Gateway



2014 Brazil Strategic Partner, FSRU Construction , Commissioning. Provided bridging FSRU in 2012

173K FSRU Petrobras 800 mmscf/d

VT3 − Guanabara Bay



2015 Puerto Rico Owner & Permitting, EPC with Cost Pass-Through, Commissioning

HP Gas Arm, Control & Transfer Systems, Sea Island Infrastructure

Puerto Rico Power Authority (PREPA)

400 mmscf/d

Aguirre Offshore GasPort®


History of InnovationAt Excelerate Energy, we think of ourselves as a work in progress, constantly evolving to meet the changing needs of our customers and the markets we serve.

“World’s First Commercial LNG Ship-to-Ship Transfer”FEBRUARY 2007

“World’s First Regas Vessel” Excelsior DeliveredJANUARY 2005

Excelerate Energy FormedJULY 2003

“World’s First Deepwater LNG Port” Gulf Gateway Commissioned

MARCH 2005

“World’s First GasPort” Teesside GasPort Completed

FEBRUARY 2007

“Middle East’s First LNG Importation Facility” Mina Al Ahmadi GasPort Commissioned

AUGUST 2009

“South America’s First LNG Import Facility” Bahía Blanca GasPort Commissioned

JUNE 2008

“First LNG Facility on the US East Coast in 30 Years” Northeast Gateway Commissioned

MAY 2008

“World’s First At-the-Dock LNG STS Transfer” Bahía Blanca GasPort

JUNE 2008

“100th Ship-to-Ship Transfer of LNG” Over 12,600,000 m3 of LNG transferred

APRIL 2011

500th STS Transfer of LNGSEPTEMBER 2013

“Argentina’s Second LNG Importation Facility” Escobar GasPort Commissioned

JUNE 2011

“Israel’s First LNG Importation Facility” Hadera Gateway Commissioned

JANUARY 2013

Excelerate Energy First Cargo DeliveredJANUARY 2005 “World’s Largest FSRU” VT3*Contract ExecutedAUGUST 2011

19Copyright Excelerate Energy L.P. 19

Black Sea

Cyprus

Floating Liquefaction Opportunities Under Consideration + > 1 Project being prosed

3 Floating Liquefaction Terminals Sanctioned

Israel

Alaska

U.S. GOM

British Columbia

Brazil

Colombia

West Africa

East Africa

Malaysia

Indonesia

Australia

+

Floating Liquefaction Taking Root

+

+

+

+


FLSO Advantages

• Lower capital cost and shorter time to market than comparable land-based alternatives

• Early gas and/or LNG monetization

• 45 months FID to commercial operations

• Greater cost control with construction in a controlled shipyard environment

• Minimization of fixed infrastructure and overall environmental impacts

• Beneficial for conventional or stranded reserves

• Modular design

• Mobility allows movement between multiple reserves over a project’s life

VALUE DRIVEN MINIMAL FOOTPRINT

DESIGN FLEXIBILITY


FLSO™Floating Liquefaction Storage Offloading Vessel

• Concept Study Phase – 2007/2008 − Studies undertaken to test the viability of concept

• Pre FEED Phase – 2008/2009− Range of gas compositions studied by Black & Veatch

− Costs for various throughput capacities developed

• Specification / Indicative Pricing Phase – 2009− Developed hull and topside specifications

− Solicited 4 Korean shipyards for indicative pricing

• 3 MTPA Generic FEED Phase – 2010− Managed FEED contracts with Samsung and B&V

− Over 90,000 manhours/850 engineering deliverables

• 4 MTPA Project Specific FEED Phase – 2012/13− Conducted site specific FEED for Lavaca Bay

− Over 85,000 manhours / 975 engineering deliverables

2010 Generic FEED - 3 MTA FLSO –Topside View

2010 Generic FEED - 3 MTA FLSO –Side-by-Side


Design Alternatives

• Design alternatives evaluated during pre-FEED include:

− Range of Liquefaction Technology

− SPB Cargo Containment vs. Membrane

− Range of liquefaction capacity 0.6 to 3.0 mtpa

− Range of LNG storage tank capacity from 125K to 250K m³

− Conversion of an existing vessel vs. new construction

− Gas turbine power vs. diesel power

− Mooring and offloading options

22


Generic Approach

Floating Liquefaction Storage Offloading (FLSO) vessel with 3 MTPA of LNG production and 250,000 m³ of LNG storage capacity capable of working offshore and near shore

• Fits into a standard shipyard slot

• Black & Veatch’s PRICO® process, using three 1.0 MTPA trains

– Small footprint, simple design and ease of operation

• GTT’s Mark III membrane containment system

– 2 row X 5 tank configuration with centerline cofferdam

• Mooring options:

– Turret system, “Sea-Island” configuration, and Dockside


The FLSO

Offshore / Near Shore / At-shore

Liquefaction Modules (3 x 1.0 MTA)

Pre-treatment Gas-Processing

Power Generation and Controls

Final Dehydration and Fraction Module

LNG Loading Arms

3 MTA / 250,000 m3 Excelerate FLSO

Flare

Accommodations

HelipadSwitchgear Room

Workshop

Boil-off Gas Module


Lavaca Bay LNG Project


On-Shore Infrastructure

• Separation and compression

• Feed gas pre-treatment (H2O, CO2, Hg, H2S removal)

• Condensate storage – truck loading

• On-shore utilities

• Waste water treatment


$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

BC LNG (0.9MMt/y)

EE Lavaca (4.4MMt/y)

Magnolia LNG (4MMt/y)

Sabine PassPhase 2 (9

MMt/y)

Corpus Christi(16 MMt/y)

Sabine PassPhase 1 (9

MMt/y)

Cameron (12MMt/y)

Freeport LNG(13.2 MMt/y)

Cove Point (5MMt/y)

Goldboro LNG(10 MMt/y)

Kitimat Phase 1(5 MMt/y)

NORTH AMERICA PROPOSED LIQUEFACTION PROJECTS

FLSO versus Onshore Liquefaction

Comparison of cost/ton per year across several liquefaction projects in North America (excluding costs associated with financing)

Lavaca Bay provides a very economical North American

LNG supply for offtakers.

Source: Excelerate Energy


Key Project Components

• Tolling Facility

• 29-Mile Pipeline Header with up to 9 interconnects

• On-shore facility including power generation

• 1 - 2 FLSO units capable of producing an excess of 8 MTPA (nameplate) of LNG for export

• 26-Mile Matagorda Ship Channel Improvement


Positive Progress

• Received Approval to Proceed with FEED – May 2012

• Received DOE Export License for 10 MTPA to FTA Countries – 9 August 2012

• Export License for 10 MTPA to Non-FTA Countries applied – 5 October 2012

• Carried out Initial Consultation Meeting with FERC – 17 October 2012

• Applied to FERC to initiate Pre-Filing process – 5 November 2012

• Received FERC approval to start Pre-Filing process – 20 November 2012

• Completion of FEED effort – 7 February 2013

• Completion of FERC Pre-Filing process – January 2014*

• Completion of FERC NEPA process – Q4 2014*

• FID – Q4 2014*

• Start Up – Q4 2018*

*Project goals


FLSO FEED

• Dock-side application required revisions to the base 3.0 MTPA design

• Design changes include:− Removal of gas processing modules to shoreside location

− Removal of FW/SW heat exchangers from FLSO to shoreside location

− Addition of fourth 1.0 MTPA liquefaction train

− Modification of final dehydration and fractionation modules onboard

− Removal of thrusters

− Conversion of condensate storage tank and turret space into voids

− Revisions to material handling plan incorporating shoreside crane capabilities

− Addition of enhanced shoreside mooring capabilities to withstand 100-year return storm conditions


4.4 MTPA FLSO – Dockside Application

Power and Utilities

Liquefaction Modules

LNG Transfer

BOG Management

Gas processing on-shore


FLSO Particulars

Liquefaction Capacity: 4.4 MTPA

Storage Capacity:LNG Storage

250,000 m3

Feed Gas Requirement (FLSO & pre-treatment)*: ≈ 730 mmscfd

Total Gas Consumed (FLSO & pre-treatment)*: 11.82% of Feed Gas

Dimensions:Length OverallBreadthDepth Design Draft

338.0 m62.0 m33.4 m15.0 m

Weight:Full Load DisplacementDeadweight

281,992 T170,979 T

Accommodations:Estimated Crew Size

100 Persons70 to 75 Persons

* Feed Gas Requirement includes Fuel Gas for Power Generation, and is dependent on composition of feed gas. Does not include fuel gas for compression (estimated at 0.5% of feed gas requirement)


Site Selection

• “Greenfield” site located on the Southern peninsula near the Port of Port Lavaca – Point Comfort, Texas

• Advantages to this site:− Project friendly area – industrial site near ALCOA and

Formosa Plastics facilities

− ≈5 bcf of pipeline capacity nearby

− Previously permitted by the Federal Energy Regulatory Commission (FERC)

− Commercially attractive site with expansion potential for a second unit


Site Location

PlannedLiquefaction Site


Lease and Permitting

• Lease agreement

− Secured lease with the Calhoun Port Authority for approximately 110 acres in January 2012

• FERC – Section 3 (Terminal) and Section 7 (Pipeline Header System)

− Filing to include up to two(2) 4.4 MTPA FLSO units

− Commenced pre-filing process in November 2012

− Expected to file in January 2014

− Expected to receive final Authorization to Proceed Q4 2014

• Dredging− Matagorda Ship Channel will need to be deepened and widened to accommodate LNGCs calling on the facility

− Using existing United States Army Corps of Engineers (USACE) permit allowing channel to be deepened to 45 feet and widened to 350 feet

− Applying for assumption of maintenance by the USACE for the Matagorda Ship Channel prior to construction

− Pursuing a new permit to accommodate dredging of the FLSO berthing areas


Status of Non-FTA Export License ApplicationsORDER COMPANY VOLUME (BCF/D) DOE FILED FERC PRE-FILING COMMENCED

1 Sabine Pass Liquefaction, LLC* 2.2 11-Aug-10

2 Freeport LNG Expansion, L.P. and FLNG Liquefaction, LLC* 1.4 17-Dec-10 5-Jan-11

3 Lake Charles Exports, LLC* 2 6-May-11 6-Apr-12

4 Dominion Cove Point LNG, LP* 1 3-Oct-11 26-Jun-12

5 Freeport LNG Expansion, L.P. and FLNG Liquefaction, LLC* 1.4 19-Dec-11 5-Jan-12

6 Cameron LNG, LLC 1.7 21-Dec-11 9-May-12

7 Jordan Cove Energy Project, L.P. 1.2 23-Mar-12 6-Mar-12

8 LNG Development Company, LLC (d/b/a Oregon LNG) 1.25 16-Jul-11 16-Jul-12

9 Cheniere Marketing, LLC 2.1 31-Aug-12 22-Dec-11

10 Excelerate Liquefaction Solutions I, LLC 1.38 5-Oct-12 20-Nov-12

11 Carib Energy (USA) LLC 0.04 20-Oct-12

12 Gulf Coast LNG Export, LLC (Freeport 2) 2.8 10-Jan-12

13 Southern LNG Company, L.L.C. (Elba Island) 0.5 31-Aug-12

14 Gulf LNG Liquefaction Company, LLC (Pascagoula) 1.5 31-Aug-12

15 CE FLNG, LLC 1.07 21-Sep-12

16 Golden Pass Products LLC 2.6 26-Oct-12

17 Pangea LNG (North America) Holdings, LLC 1.09 19-Dec-12

* Received FTA and Non-FTA authorization to export

DOE will begin processing all long-term applications to export LNG to non-FTA countries in the following order:

1. All pending DOE applications where the applicant has received approval (either on or before December 5, 2012) rom the Federal Energy Regulatory Commission (FERC) to use the FERC pre-filing process, in the order the DOE application was received.

2. Pending DOE applications in which the applicant did not receive approval (either on or before December 5, 2012) from FERC to use the FERC pre-filing process, in the order the DOE application was received.

3. Future DOE applications, in the order the DOE applications are received.


Availability of Pipeline Quality Gas

• Availability of pipeline quality gas is a key driver of the project

• An extensive analysis of the pipeline network was carried out

• 9 candidate pipelines have been identified

• 29.2 mile, 42-inch pipeline header system to be developed


New and Innovative Ways


Commercial Benefits – FLSO/OPTI

• Capex savings > $1 billion ($850-950/tonne)

• 25% increased throughput on FLSO (4+ MTA)

• Improved gas processing on Opti (motions)

• FLSO-45 mos. FID to Commercial Operations

• Opti-36 mos. FID to Commercial Operations

• Early gas and/or LNG monetization

• Third party institutions are attracted to financeability

• “Opti is fast, flexible, affordable, and can be moved”

• Early cash flow to the Partners and the State of Israel

COST SCHEDULE

FINANCEABILITY

• Integration of Opti enables a “Hub and Spoke” option

• Flexibility – Early pipeline to shore plus FLSO(s)

• Enable offloading optimization due to offshore environs

EXPANSION

Date post:	20-Jun-2020
Category:	Documents
Upload:	others
View:	0 times
Download:	0 times

Excelerate Energy: Efficient And Cost-Effective Solutions ...€¦ · LNG Trading & Marketing •...

Documents