Main Pass Energy Hub TM
 

 
MPEH™ is the only facility in the world combining fully integrated LNG regas, gas conditioning, and onsite cavern storage. With its unique suite of assets, MPEH™ provides LNG suppliers desiring access to a U.S. terminal the ultimate flexibility for world arbitrage, including:
 

  • Shipments to U.S. via MPEH™ – direct access to downstream markets, high netbacks,  superb pipeline optionality, forward sales, hedging, risk management, high liquidity and cover gas for diverted cargoes

  • Shipments to or from Foreign Markets – Cargo swapping, ability to handle high Btu gas and maximum flexibility for diversion of cargoes to the spot LNG market
     
MPEH™’s use of existing offshore structures and eastern Gulf of Mexico location provides significant logistical savings for shortstopping of LNG vessels.   Its location near large and liquid premium Eastern U.S. gas markets and the significant potential of the onsite cavern storage offer several important advantages to LNG suppliers, natural gas consumers and marketers.  These advantages provide LNG suppliers with a highly attractive netback price and offer U.S. natural gas consumers a reliable source of supply.

 
 

Offshore unloading provides savings compared with land-based facilities

  • Monetary shipping logistical advantage of vessel shortstop at MPEH is $0.07 to $0.20 per MMBtu

  • Remote offshore location near major shipping lanes avoids inland waterway and port congestion and associated risk of delays

  • Water depth of 210 feet (64 m) and Soft Berth™ mooring system allow access to the largest Q-max LNG carriers

Eastern Gulf of Mexico location offers a premium price to Henry Hub

  • Average gas price above NYMEX in 2006 due to Gulf of Mexico location east of Henry Hub was $0.26 per MMBtu.

  • Dedicated off-take header delivering to 8 major interstate pipeline systems offers superb optionality

  • Onsite gas conditioning will allow receipt of a wide range of LNG Btu contents

Seasonal arbitrage opportunities through on-site gas cavern storage offer significant added value

  • Recent intrinsic and extrinsic value of gas stored in caverns was +$3.50 per MM Btu

  • Extensive infrastructure and large salt dome allow future expansion and extensive caverns storage capacity