Notes to the Editor:
RWE gas business
RWE is a leading player in the European gas market, with gas procurement amount to approximately 40 billion m3 per annum. RWE procures its supplies primarily from Russia, Netherlands, Norway, Germany and the United Kingdom. During 2005 RWE’s upstream arm RWE Dea extracted 2.4 billion m3 of natural gas, primarily in Germany and the British North Sea. RWE Dea also has substantial gas reserves and resources in North Africa. RWE also has a stake in the Snoehvit LNG export project in the Norwegian Barents Sea.
Excelerate is a U.S. private company that was formed in 2003 to pursue new LNG importation alternatives worldwide using its proprietary Energy BridgeTM technology. Excelerate now operates 3 Energy BridgeTM ships and one conventional vessel, a further two Energy BridgeTM ships are due for delivery to Excelerate in 2008/9. Excelerate owns the Gulf Gateway import terminal on the US Gulf (the world’s first and only offshore LNG import facility) and also the UK’s Teesside GasPort terminal. It has well advanced import project developments in the US near Boston (Northeast Gateway) and in Pakistan (Port Qasim GasPort), together with other project proposals worldwide. Excelerate is an importer of LNG with an entrepreneurial focus on the rapidly-growing LNG spot trading market and the infrastructure required to support LNG deliveries.
At the Teesside GasPort terminal, Excelerate’s specially designed LNG vessels will dock alongside a modified jetty on the River Tees and regasify the LNG before delivering directly into the UK national gas transmission system. This avoids the need for a traditional land based LNG import terminal, minimises capital costs and reduces the time to operation significantly.