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Project Insights

Excelerate gives up on Puerto Rican LNG terminal

Excelerate Energy has officially withdrawn its plans for the Aguirre Offshore Gasport LNG terminal in Puerto Rico from consideration by the US FERC.
By Staff reporter 3 December 2018 Americas / LNG 0 33531

Excelerate Energy officially withdrew its plans for the Aguirre Offshore Gasport LNG terminal in Puerto Rico from consideration by the United States Federal Energy Regulatory Commission last week.

The project would have used one of Excelerate Energy’s FSRU vessels and fed gas to the Aguirre power plant complex on the southeast coast of Puerto Rico.

The project would have required capital investment of more than $400 million, plus operational costs of around $77 million per year.

The terminal would have been the territory’s second –...