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Excelerate to develop second FSRU for Port Qasim

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LNG Industry,

Excelerate Energy has announced that it is prepared to help a consortium of Engro, Fatima and Shell to deliver a proposed floating LNG terminal and second floating storage and regasification unit (FSRU) to the Pakistan market.

The company recently commissioned GASCO’s Ruwais floating LNG terminal in the UAE, successfully implementing it in less than 12 months. In early 2016, Elengy successfully developed Pakistan’s first LNG import terminal using Excelerate’s floating regas technology.

The consortium’s project site is located just across the Port Qasim channel. When the project comes online in 2018, the total regasification capacity of Excelerate’s two FSRUs at the port will be more than 1 billion ft3/d. This is enough natural gas to support over 6000 MW of power generation.

Daniel Bustos, Chief Development Officer, said: “Excelerate is extremely excited to work with this strong partnership of Engro, Fatima, and Shell to implement this project in what we view as one of the largest markets for natural gas in the world.

“Our project development and operations teams are aggressively reviewing implementation plans for this project. We have been very pleased to be involved with the country’s first floating LNG terminal developed by Engro’s subsidiary Elengy over the past 18 months.”

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Pakistan LNG news