cost just a fraction of a traditional land- based terminal. A year later, Excelerate was again building offshore assets, this time constructing the Northeast Gateway some 13 miles off the coast of Boston, which enabled the company to tap into the seasonally driven demand for natural gas. Building that facility helped Excelerate drive efficiencies in its shipping fleet, significantly reducing the amount of emissions from those vessels and reducing their water usage while also implementing technology designed to reduce the number of collisions between ships and marine wildlife such as the endangered North Atlantic right whale. Since that time, most of Excelerate's investments and opportunities have been overseas. In 2008 it commissioned a facility in Argentina that actually uses a regas- capable ship as a portable terminal to provide services to that country when demand is high for natural gas used for heating, in the May to September period. The rest of the year the ship can be deployed to other parts of the world where demand is higher. The Middle East is proving to be another key growth Excelerate Energy NOVEMBER 09 www. bus- ex. com 33 years later, Excelerate commissioned and built a land- based receiving terminal in the United Kingdom. That facility, known as the Teesside GasPort, is the world's first dockside LNG vaporization and natural gas receiving facility and uses the company's Energy Bridge technology. That project was brought into service just 12 months after the site was chosen and "" Even with new liquefaction coming on line and new suppliers in the market, you're going to continue to see LNG flowing to those places where the demand exists"
00 www. bus- ex. com OCTOBER 09