August 24, 2016 [Marine Link] - BW Group (BW) has signed a 15-year agreement with Pakistan GasPort Limited (PGPL) to provide LNG regasification services utilizing a new-build Floating Storage and Regasification Unit (FSRU) for the second Pakistan LNG terminal.
BW’s state-of-the-art FSRU, Hull No. 2118 and currently at Samsung Heavy Industries (SHI) in Korea, will be utilized for this project.
To be delivered in 4Q2016, the vessel offers:
- a low environmental footprint
- high efficiency
- storage capacity in excess of 170,000m3
- and a peak regasification capacity of 750mmscfd
“We are proud to be selected as the FSRU supplier for the Pakistan project,” says Yngvil Åsheim, Managing Director of BW LNG. “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.”
“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,” says Iqbal Z. Ahmed, Chairman of PGPL.
Iqbal added: “This landmark project will reduce Pakistan’s gas deficit by 30 percent, ensure fuel for 3,600 megawatts of new power generation plants being constructed in Pakistan to reduce power outages by 80 percent, and save some $1.5 billion in annual foreign-exchange savings.”
The project will be commissioned by 30 June 2017, at Port Qasim, Karachi.
