Excelerate Energy L.P. (Excelerate) and Engro Elengy Terminal Ltd (EETL) have signed a heads of agreement (HOA) for the expansion of the EETL LNG import terminal located in Port Qasim, Pakistan.
Under the agreement, Excelerate will exchange its existing FSRU Exquisite with a newbuild FSRU, Hull 2477, which is currently under construction at Daewoo Shipbuilding and Marine Engineering shipyard. Hull 2477 will increase EETL's send-out capability by more than 150 million ft3/d, and increase its LNG storage capacity from 150 900 m3 to 173 400 m3. Excelerate will take delivery of the new FSRU in April 2020, and EETL projects beginning expanded operations in Pakistan before winter 2020.
Excelerate Chief Commercial Officer Daniel Bustos said: "The company is proud to partner with Engro and Vopak on this expansion to help meet the growing demand for natural gas in Pakistan. Excelerate continuously works with its customers to ensure its terminals adjust to the changing needs of their markets […] In the nearly five years of essentially non-stop operations in Pakistan, the company has a proven track record of safe and reliable operations at peak performance."
CEO of EETL, Jahangir Piracha, commented: "Excelerate has been an excellent partner who has made it possible for EETL to cater to such a high level of utilisation of EETL’s regasification capacity. It is the trust in their operational excellence that the company are now jointly undertaking the expansion of its terminal.”
The EETL terminal, Pakistan's first floating LNG import terminal, began operations in March 2015. The terminal, which utilises Excelerate's FSRU Exquisite, has been delivering up to 690 million ft3/d of natural gas directly into Sui Southern Gas Company' s natural gas pipeline system. The Exquisite currently fulfils as much as 15% of Pakistan's domestic daily natural gas requirements, and is recognised is the most utilised FSRU worldwide. EETL has imported over 275 LNG cargoes to date.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/30012020/excelerate-energy-and-engro-elengy-terminal-agree-to-expand-pakistan-lng-import-terminal/
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