Excelerate Energy and PREPA Sign Definitive Agreements for the Aguirre Offshore GasPort Project

Globe Newswire reports that Excelerate Energy and the Puerto Rico Electric Power Authority (PREPA) have executed definitive agreements for the procurement, construction and operation of the Aguirre Offshore GasPort terminal, proposed for the south coast of Puerto Rico.  According to the press release, the agreements include the provision of one of Excelerate’s floating storage and regasification units (FSRU) specifically designed to provide closed-loop regasification services, together with the design, construction and operation of an offshore terminal for the berthing of the FSRU and the reception and transfer of LNG from a wide array of LNG carriers.  Pending FERC approval of the project, construction is expected to begin the fourth quarter of 2014.

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