Excelerate Energy: Efficient And Cost-Effective Solutions - aacei-hgcs

Transcription

Excelerate Energy:
Efficient And Cost-Effective Solutions
for the Global Gas Market
14 January 2014
Copyright Excelerate Energy L.P.
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
2
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
March 2008
Explorer
150,900 m3
690 MMcf/day
m3
690 MMcf/day
Explorer
Express
May 2009
Explorer
150,900
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
May 2014
Experience
173,400 m3
800 MMcf/day
Hull No. 2402
• 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
3
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
Open Water
Gas In / Cool Down
In Port
Double Banking
Tandem - Along Dock
Across Dock
Total
Count
15
3
Operator
EE Vessels
3rd Party Vessels
Total
Count
79
459
538
304
142
74
538
Total (CuM)
1,624,521
25,572
29,069,973
18,791,668
7,787,216
57,298,950
Total (CuM)
7,981,615
49,317,335
57,298,950
4
LNG Trading & Marketing
• Commercially-minded fleet operations
• Established trading team with global
relationships
• Commercial experience across the LNG
value chain
4.0
3.5
3.0
2.5
MMt
− 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
EXCELERATE TRADING AND CHARTERING ACTIVITY*
2.0
1.5
1.0
0.5
0.0
2005
2006
2007
2008
2009
2010
2011
2012
* EE has traded 5.6 million tonnes of LNG and completed 66 charters
5
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)
6
FSRU Advantages
COST EFFECTIVE
• A floating regasification
solution is more cost effective
per MMbtu than a traditional
land-based solution
TIME EFFICIENT
• A floating solution can be
implemented in 1-3 years vs.
land-based in 4-6 years
MINIMAL FOOTPRINT
• Requires less land use
EXCELERATE’S FSRU EXPERIENCE
• Reduced design time
• Quick identification of
long-lead items
• Rapid identification of project risks
• Accurate cost estimates
7
Teesside GasPort®
UK — 2007
Northeast Gateway
Deepwater Port®
USA — 2008
Lavaca Bay LNG
USA — 2018
Gulf Gateway®
USA — 2005
Hadera Gateway
Israel— 2012
Mina Al-Ahmadi GasPort®
Kuwait — 2009 - 2013
Aguirre Offshore GasPort®
Puerto Rico — 2015
Proven Experience
VT3
Brazil — 2014
GNL Escobar
Argentina — 2011
With 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.
Bridging Solution, 2012
Bahía Blanca GasPort®
Argentina — 2008
Operational
Under Development
Decommissioned
8
Gulf Gateway®
START UP:
DECOMMISSIONED:
COUNTRY:
PROJECT ROLE:
KEY TECHNOLOGY:
COUNTERPARTY:
BASELOAD CAPACITY:
2005
2012
USA
EPC, Commissioning,
Operator
FSRU, Buoy
Excelerate
500 mmscf/d
9
Teesside GasPort®
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
10
Northeast Gateway ®
START UP:
COUNTRY:
PROJECT ROLE:
KEY TECHNOLOGY:
COUNTERPARTY:
BASELOAD CAPACITY:
2008
USA
EPC, Commissioning, Operator
FSRU, Buoy
Excelerate
600 mmscf/d
11
Bahía Blanca GasPort®
START UP:
COUNTRY:
PROJECT ROLE:
KEY TECHNOLOGY:
COUNTERPARTY:
BASELOAD CAPACITY:
2008
Argentina
Integrated Project Team, Commissioning
Operator Training
FSRU, HP Gas Arm
Control System
Repsol-YPF
500 mmscf/d
12
Mina Al-Ahmadi GasPort®
START UP:
COUNTRY:
PROJECT ROLE:
KEY TECHNOLOGY:
COUNTERPARTY:
BASELOAD CAPACITY:
2009
Kuwait
EPC, Commissioning,
1st Year Operations
FSRU, HP Gas Arm, Control System,
Cryogenic Transfer System
Kuwait National Petroleum
Company (KNPC)
500 mmscf/d
13
GNL Escobar
START UP:
COUNTRY:
PROJECT ROLE:
KEY TECHNOLOGY:
COUNTERPARTY:
BASELOAD CAPACITY:
2011
Argentina
Strategic Partner, Commissioning, Operator
Training
FSRU, HP Gas Arm
Control System
JV Repsol-YPF
500 mmscf/d
14
Hadera Gateway
START UP:
COUNTRY:
PROJECT ROLE:
KEY TECHNOLOGY:
COUNTERPARTY:
BASELOAD CAPACITY:
2012
Israel
Consulting Services
FSRU, STL Buoy
Israel Electric Corporation Israel
Natural Gas Lines
500 mmscf/d
15
VT3 − Guanabara Bay
START UP:
COUNTRY:
PROJECT ROLE:
KEY TECHNOLOGY:
COUNTERPARTY:
BASELOAD CAPACITY:
2014
Brazil
Strategic Partner, FSRU Construction ,
Commissioning. Provided bridging FSRU in 2012
173K FSRU
Petrobras
800 mmscf/d
16
Aguirre Offshore GasPort®
START UP:
COUNTRY:
PROJECT ROLE:
KEY TECHNOLOGY:
2015
Puerto Rico
Owner & Permitting, EPC with Cost
Pass-Through, Commissioning
HP Gas Arm, Control & Transfer
Puerto Rico Power
Systems, Sea Island Infrastructure Authority (PREPA)
COUNTERPARTY:
BASELOAD CAPACITY:
400 mmscf/d
17
FEBRUARY 2007
History of Innovation
At 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 GasPort”
Teesside GasPort Completed
MAY 2008
“First LNG Facility on the US East Coast in 30
Years” Northeast Gateway Commissioned
JUNE 2008
“South America’s First LNG Import Facility”
Bahía Blanca GasPort Commissioned
JUNE 2008
“World’s First At-the-Dock LNG STS Transfer”
Bahía Blanca GasPort
AUGUST 2009
“Middle East’s First LNG Importation Facility”
Mina Al Ahmadi GasPort Commissioned
Excelerate Energy Formed
APRIL 2011
“100th Ship-to-Ship Transfer of LNG” Over
12,600,000 m3 of LNG transferred
JANUARY 2005
“World’s First Regas Vessel” Excelsior Delivered
JUNE 2011
“Argentina’s Second LNG Importation Facility”
Escobar GasPort Commissioned
JANUARY 2005
Excelerate Energy First Cargo Delivered
AUGUST 2011
“World’s Largest FSRU” VT3*Contract Executed
“World’s First Deepwater LNG Port”
Gulf Gateway Commissioned
JANUARY 2013
“Israel’s First LNG Importation Facility”
Hadera Gateway Commissioned
JULY 2003
MARCH 2005
FEBRUARY 2007
“World’s First Commercial LNG
Ship-to-Ship Transfer”
SEPTEMBER 2013
500th STS Transfer of LNG
18
Floating Liquefaction Taking Root
Alaska
British Columbia
Black Sea
+
Cyprus
U.S. GOM
Israel
+
+
Colombia
Malaysia
West Africa
East Africa
Brazil
+
Indonesia
Australia
+
Floating Liquefaction Opportunities Under Consideration + > 1 Project being prosed
3 Floating Liquefaction Terminals Sanctioned
19
19
FLSO Advantages
VALUE DRIVEN
• 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
MINIMAL FOOTPRINT
• Minimization of fixed
infrastructure and overall
environmental impacts
DESIGN FLEXIBILITY
• Beneficial for conventional
or stranded reserves
• Modular design
• Mobility allows movement
between multiple reserves
over a project’s life
20
20
FLSO™
Floating Liquefaction Storage Offloading Vessel
• Concept Study Phase – 2007/2008
− Studies undertaken to test the viability of concept
2010 Generic FEED
- 3 MTA FLSO –
Topside View
• 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
2010 Generic FEED
- 3 MTA FLSO –
Side-by-Side
− Conducted site specific FEED for Lavaca Bay
− Over 85,000 manhours / 975 engineering deliverables
21
21
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
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
23
23
Flare
The FLSO
Liquefaction Modules (3 x 1.0 MTA)
3 MTA / 250,000 m3 Excelerate FLSO
Boil-off Gas Module
Pre-treatment Gas-Processing
LNG Loading Arms
Power Generation
and Controls
Final Dehydration
and Fraction Module
Switchgear Room
Offshore / Near Shore / At-shore
Accommodations
Helipad
Workshop
24
24
Lavaca Bay LNG Project
25
25
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
26
FLSO versus Onshore Liquefaction
NORTH AMERICA PROPOSED LIQUEFACTION PROJECTS
$1,400
$1,200
Lavaca Bay provides a very
economical North American
LNG supply for offtakers.
$1,000
$800
$600
$400
$200
$0
BC LNG (0.9
MMt/y)
EE Lavaca (4.4 Magnolia LNG (4
MMt/y)
MMt/y)
Sabine Pass
Phase 2 (9
MMt/y)
Corpus Christi
(16 MMt/y)
Sabine Pass
Phase 1 (9
MMt/y)
Cameron (12
MMt/y)
Freeport LNG
(13.2 MMt/y)
Cove Point (5
MMt/y)
Goldboro LNG Kitimat Phase 1
(10 MMt/y)
(5 MMt/y)
Comparison of cost/ton per year across several liquefaction projects in North America
Source: Excelerate Energy
(excluding costs associated with financing)
27
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
28
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
29
29
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
30
4.4 MTPA FLSO – Dockside Application
Gas processing on-shore
Power and Utilities
Liquefaction Modules
LNG Transfer
BOG Management
31
FLSO Particulars
Liquefaction Capacity:
Storage Capacity:
LNG Storage
Feed Gas Requirement (FLSO & pre-treatment)*:
Total Gas Consumed (FLSO & pre-treatment)*:
Dimensions:
Length Overall
Breadth
Depth
Design Draft
Weight:
Full Load Displacement
Deadweight
Accommodations:
Estimated Crew Size
4.4 MTPA
250,000 m3
≈ 730 mmscfd
11.82% of Feed Gas
338.0 m
62.0 m
33.4 m
15.0 m
281,992 T
170,979 T
100 Persons
70 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)
32
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
33
Site Location
Planned
Liquefaction Site
34
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
35
Status of Non-FTA Export License Applications
ORDER COMPANY
VOLUME (BCF/D)
DOE FILED
FERC PRE-FILING COMMENCED
5-Jan-11
6-Apr-12
26-Jun-12
5-Jan-12
9-May-12
6-Mar-12
16-Jul-12
22-Dec-11
1
2
3
4
5
6
7
8
9
Sabine Pass Liquefaction, LLC*
Freeport LNG Expansion, L.P. and FLNG Liquefaction, LLC*
Lake Charles Exports, LLC*
Dominion Cove Point LNG, LP*
Freeport LNG Expansion, L.P. and FLNG Liquefaction, LLC*
Cameron LNG, LLC
Jordan Cove Energy Project, L.P.
LNG Development Company, LLC (d/b/a Oregon LNG)
Cheniere Marketing, LLC
2.2
1.4
2
1
1.4
1.7
1.2
1.25
2.1
11-Aug-10
17-Dec-10
6-May-11
3-Oct-11
19-Dec-11
21-Dec-11
23-Mar-12
16-Jul-11
31-Aug-12
10
11
12
13
14
15
16
17
Excelerate Liquefaction Solutions I, LLC
Carib Energy (USA) LLC
Gulf Coast LNG Export, LLC (Freeport 2)
Southern LNG Company, L.L.C. (Elba Island)
Gulf LNG Liquefaction Company, LLC (Pascagoula)
CE FLNG, LLC
Golden Pass Products LLC
Pangea LNG (North America) Holdings, LLC
1.38
0.04
2.8
0.5
1.5
1.07
2.6
1.09
5-Oct-12
20-Oct-12
10-Jan-12
31-Aug-12
31-Aug-12
21-Sep-12
26-Oct-12
19-Dec-12
20-Nov-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.
36
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
37
New and Innovative Ways
38
Commercial Benefits – FLSO/OPTI
COST
• Capex savings > $1 billion
($850-950/tonne)
• 25% increased throughput on
FLSO (4+ MTA)
• Improved gas processing on
Opti (motions)
EXPANSION
• Integration of Opti enables a
“Hub and Spoke” option
• Flexibility – Early pipeline to
shore plus FLSO(s)
• Enable offloading optimization
due to offshore environs
SCHEDULE
• FLSO-45 mos. FID to
Commercial Operations
• Opti-36 mos. FID to
Commercial Operations
• Early gas and/or LNG
monetization
FINANCEABILITY
• 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
39

Excelerate Energy: Efficient And Cost-Effective Solutions - aacei-hgcs

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