Connaughton Signs Northeast Gateway Deepwater Port License

Tuesday, May 15, 2007
Sean T. Connaughton signed Excelerate Energy’s Northeast Gateway Energy Bridge Deepwater Port license today in Washington DC. Excelerate will build the Northeast Gateway deepwater port approximately 18 miles east of Boston, Massachusetts. Spectra Energy, formerly Duke Energy, will build a 16-mile subsea pipeline from its existing HubLine to the deepwater port site to transfer natural gas from the vessels into New England’s gas pipeline network. Excelerate Energy will construct and own the deepwater port, which will be operated by Skaugen Offshore and will accommodate Excelerate’s proprietary Energy Bridge Regasification Vessel (EBRV) fleet operated by Exmar NV. The port’s infrastructure will feature two submerged turret loading buoys supplied by Advanced Production and Loading. Excelerate estimates peak deliveries of up to 800 million cubic feet per day of natural gas, permitting Northeast Gateway to deliver about 500 million cubic feet per day of natural gas into the New England market during normal operations. At present, there are eight deepwater port LNG applications pending before the Agency.

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