The Puerto Rico Electric Power Authority (PREPA) has awarded Excelerate Energy to undertake the development and permitting of a floating offshore LNG regasification facility off the southern coast of Puerto Rico. The Aguirre GasPort facility will be located off the towns of Salinas and Guayama and will utilize one of Excelerate Energy’s 150,900 m3 FSRU (floating storage and regasification unit). Its capacity should be around 500 MMcf/d (14 mcm/d or 5.2 bcm/year). The FSRU will require authorization from the Federal Energy Regulatory Commission (FERC) and be subject to a full public environmental review and analysis under the National Environmental Policy Act (NEPA). The facility should be commissioned in 2014. It will provide gas to the Central Aguirre power plant. This power facility is currently under conversion: 600 MW have already been converted to natural gas and the remaining 900 MW should be converted before the completion of the LNG terminal.