Cordillera Sur Energía ("CSE") Relevant Experience
CSE's executives bring extensive hands-on experience in hydrocarbon-based power, liquefaction, regasification, and renewable energy, having played key roles in major energy infrastructure projects. Some of their accomplishments are detailed below with descriptions of select development and financing projects available.
Natural Gas Liquefaction and LNG Regasification
Natural Gas Liquefaction and LNG Regasification
Mexico Pacific LNG: The MPL Project was identified and developed in order to take advantage of its location relative to the US Permian Basin and proximity to Asian LNG markets. MPL as a result offers a transportation advantage to Asian LNG markets relative to the US Gulf Coast competitors. MPL’s initial phase is a 15 MTPA liquefaction project being developed at Puerto Libertad, Sonora, Mexico situated on 300 acres of Company property.
The project will use 2.8 Bcf/day of natural gas produced in the unconventional gas play in the United States Permian basin and transported over the Sierra Madre Mountains to Puerto Libertad via 500 miles of 48 inch gas pipeline. Members of the CSE team also participated in the negotiation of the first offtake agreement from the MPL Project with a Chinese SOE, finalizing a 2.0 MM TPA LNG supply agreement.
The project will use 2.8 Bcf/day of natural gas produced in the unconventional gas play in the United States Permian basin and transported over the Sierra Madre Mountains to Puerto Libertad via 500 miles of 48 inch gas pipeline. Members of the CSE team also participated in the negotiation of the first offtake agreement from the MPL Project with a Chinese SOE, finalizing a 2.0 MM TPA LNG supply agreement.
Dabhol LNG Infrastructure: Development of the 2,184 MW combined cycle gas turbine project required the construction of a new port and major breakwater to receive LNG and naptha tankers, two storage tanks for naptha and LNG, a regasification facility and a pipeline to facilitate delivery of fuels. The project also included LNG purchase and sale agreements with Middle East suppliers for roughly 2 MTPA of gas and a joint venture with Mitsui OSK for purchase of LNG tankers and transport of the LNG volumes to the project regas terminal.
Acajutla Regas: This 1.5 MTPA regasification project was developed and financed for the purpose of supplying natural gas to CCGT power generation facilities and a local natural gas distribution company in El Salvador. LNG was purchased from an international oil major under a 10 year sales and purchase agreement. Initial construction works on the project were started in January 2019, with construction of the FSRU's regasification module beginning in April 2020. Full commissioning of the FSRU, originally slated for 2021, was completed in 2022. At completion, it was Central America's first floating storage and regasification unit. Acajutla regasification project represents the largest foreign investment in El Salvador.
Caribbean Regas: This 0.5 MTPA project development included negotiation, in 2023, of an engineering procurement and construction contract and a 0.5 MTPA LNG sales and purchase agreement with an international oil major.
LNG Sale and Purchase Agreements:
Principals of Cordillera Sur Energia have negotiated 5.4 MTPA of LNG sales and purchase agreements.
Acajutla Regas: This 1.5 MTPA regasification project was developed and financed for the purpose of supplying natural gas to CCGT power generation facilities and a local natural gas distribution company in El Salvador. LNG was purchased from an international oil major under a 10 year sales and purchase agreement. Initial construction works on the project were started in January 2019, with construction of the FSRU's regasification module beginning in April 2020. Full commissioning of the FSRU, originally slated for 2021, was completed in 2022. At completion, it was Central America's first floating storage and regasification unit. Acajutla regasification project represents the largest foreign investment in El Salvador.
Caribbean Regas: This 0.5 MTPA project development included negotiation, in 2023, of an engineering procurement and construction contract and a 0.5 MTPA LNG sales and purchase agreement with an international oil major.
LNG Sale and Purchase Agreements:
Principals of Cordillera Sur Energia have negotiated 5.4 MTPA of LNG sales and purchase agreements.
Argentina/Chile Regional Experience
Upstream: CSE's executive team possesses extensive expertise in the Argentine hydrocarbons industry, backed by a deep understanding of local operations, market dynamics, and the regulatory landscape. The company’s VP of Business Development has held key strategic positions, including serving as the Strategic Planning and New Business Development Manager at YPF. She successfully led the valuation of numerous business opportunities, covering new asset acquisitions, divestments, and farm-in/farm-out ventures within the Argentina and Chile oil and gas sectors and has contributed to the development of major fields across key basins, including Golfo San Jorge, Austral - Magallanes, and Neuquina. The expertise extends to both conventional and unconventional resources, with a particular focus on Vaca Muerta’s shale oil and gas assets.
Power/CCGT
Dabhol Power Project: The US$3.0 billion investment, 2,184 MW combined-cycle Dabhol power plant comprises three combined-cycle modules and each module consists of two gas turbines and one steam turbine. Dabhol uses regasified liquefied natural gas (R-LNG) as its primary fuel, which is transported through the Dahej-Panvel-Dabhol pipeline and the electrical output of the plant is transmitted through two 400kV double-circuit lines. The facility was designed to run on both natural gas and naptha. At the time of its construction, Dabhol was the largest foreign investment in India and employed 15,000 people at its peak.
Teesside 1875 MW CCGT Project: The power station was constructed on a 23-acre (93,000 m2) site at the Wilton chemical complex near Middlesbrough in north east England. Construction of the station began in December 1990 and took twenty nine months to complete. Development began in the late 1990’s with the acquisition of the initial properties in an effort to build a portfolio of development sites. Development also included the development of a new off-shore gas field by Amoco, in the Maggy-Drake field, and a gas supply agreement for 400 MMSCF/d for 20 Years. The natural gas contract for Teesside included escalators that varied with the utility fuel consumption in power generation. The sale of the energy was contracted with three UK utility companies under 20-year termed power purchase agreements. The project used 8 Mitsubishi gas turbines and 2 Hitachi steam turbines. The project cost $1.2 billion and employed a largely local workforce of 3,000 for construction. Teeside went into operations in 1993.
CATS Pipeline (Teeside): The Central Area Transmission System – is a natural gas transportation and processing system that was developed as part of the Teesside Project and which transports gas through a 404 kilometer (250 mile) 36 inch diameter subsea pipeline from the Central North Sea to a reception and processing terminal at Teesside in the North East of England. The pipeline system currently has a capacity of 1.7 billion SCF/day. At the CATS terminal in Teesside, the gas is treated and is then routed to either the CATS gas processing trains, or to the Teesside Gas Processing Plant, where natural gas liquids are removed. The CATS gas processing plant on the CATS terminal is made up of two gas processing trains, each with capacity of around 17 million standard cubic meters (600 million SCF/day). CATS delivers gas directly into the National Transmission System, and liquid products are exported by pipelines to nearby facilities for onward processing or storage.
Fuels
XTS Advanced Fuels: XTS is using proven technology to meet the growing demand for clean transport fuels by developing infrastructure to produce 30 million gallons per year of Sustainable Aviation Fuel (“SAF”) and Renewable Diesel (“RD”) using Alcohol To Jet (“ATJ”) technology. The ATJ technology can convert various ethanol feedstocks into SAF, adapting to customers' specific needs and requirements. The project will be located at a site at Mobile Bay, Alabama, which has a deep-water port and well-developed rail and power infrastructure.
Wind
Sweetwater Wind Power: This first of its kind combined wind energy and transmission project established a position at a major transmission hub and invested in electric transmission interconnection infrastructure as part the first phase, and then expanded with future wind projects located adjacent to a 345 kV transmission backbone in Central Texas, USA. The project began with an initial land position of 50,000 acres, with an ultimate land position in excess of 120,000 acres to accommodate its final phases. The initial 400 MW interconnection was expanded to 700 MW and established a phased build-out plan with wind data gathering expanding to over 20 anemometers and 36 miles of internal 230kv transmission lines. By the time its final phase reached commercial operations in 2007, the Sweetwater Project was the largest wind project in the world at 585 MW. The Project required US$1.0 billion of capital investment, over $1.8 billion worth of Power Purchase Agreements and $400+ million in production tax credits.
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