Houston-based Excelerate Energy's Northeast Gateway (NEG) facility has commenced commercial operations in USA.
Operating approximately 30 kilometres east of Boston in Massachusetts Bay, 'Excellence' has begun offloading its cargo of natural gas into the existing HubLine natural gas pipeline system operated by Spectra Energy, also headquartered in Houston. Excelerate Energy CEO Rob Bryngelsoon said that the vessel's regasification technology was the quickest, least expensive and most environmentally responsible way to bring new natural gas supplies to markets. New England's demand for natural gas will increase considerably in coming years, thus calling for new supplies to ensure price and supply stability. The completion and commissioning of NEG marks the first new LNG-receiving facility to be built on the US east coast in more than 30 years. With its inaugural delivery, 'Excellence' will offload about 28.3 million cubic metres of gas in order to test all of the port and pipeline systems. Ultimately, the system is capable of supplying up to approximately 20 per cent of New England's natural gas demand.
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