Singapore’s BW Group has signed a 15 year agreement with Pakistan GasPort Ltd (PGPL) for a floating storage regasification unit (FSRU). The vessel will serve as Pakistan’s second LNG terminal.
BW claims that the vessel is currently being built at Samsung Heavy Industries (SHI) in Korea, with delivery scheduled for 4Q16. It will have a storage capacity of over 170 000 m3 and a peak regasification capacity of 750 million ft3/d.
The Managing Director of BW LNG, Yngvil Åsheim, said: “We are proud to be selected as the FSRU supplier for the Pakistan project.
“BW is a leading player in the LNG sector, and we will leverage on our many years of experience to support Pakistan as they build their second LNG terminal. We look forward to a strong partnership with Pakistan GasPort and to delivering our commitments on time and at the highest quality.”
The Chairman of PGPL, Iqbal Z. Ahmed, added: “We are delighted to be working with BW on this vitally important infrastructure project, which is the result of policies aimed at promoting investment and the renewed global faith in our country’s economy.
“This landmark project will reduce Pakistan’s gas deficit by 30%, ensure fuel for 3600 MW of new power generation plants being constructed in Pakistan to reduce power outages by 80%, and save some $1.5 billion in annual foreign-exchange savings.”
BW Group claims that the project will be commissioned by 30 June 2017 at Port Qasim, Karachi, Pakistan.
Edited from press release by David Rowlands
Read the article online at: https://www.lngindustry.com/regasification/23082016/bw-to-provide-pakistan-with-fsru-2940/