Excelerate Energy to deliver floating LNG terminal and FSRU to Pakistan

Excelerate Energy is set to help a consortium comprising Engro, Fatima and Shell to deliver a proposed floating LNG terminal and second FSRU to Pakistan.

The FSRU project will provide natural gas to Pakistan, which will help the country to meet the shortfall.

Excelerate chief development officer Daniel Bustos 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.”

Excelerate delivers fast-track floating regasification projects and will use its experience to help the consortium meet the delivery schedule required for the terminal.

The company recently commissioned GASCO’s Ruwais Floating LNG terminal in the UAE, which was implemented in less than one year.

The consortium’s project location is situated across the Port Qasim channel, as well as that of Pakistan’s first LNG import terminal that Elengy installed early last year utilising Excelerate’s floating regas technology.

Once the consortium’s project becomes operational in 2018, the total regasification capacity from Excelerate’s two FSRU’s at Port Qasim will be more than 1bcf a day, which is enough natural gas to support more than 6,000MW of power generation.

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Image: Aerial view of Port Qasim, Karachi. Photo: Courtesy of Ismail.sultan/Wikipedia.