BW selected as FSRU supplier by Pakistan GasPort Limited
Photo courtesy of BW Group.
BW Group (BW) 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 FSRU, currently at Samsung Heavy Industries (SHI) in Korea, will be utilized for this project. To be delivered in Q4 of 2016, the vessel offers a low environmental footprint, high efficiency, storage capacity in excess of 170,000 m3 and a peak regasification capacity of 750 MMcfd.
Iqbal Z. Ahmed, Chairman of PGPL, said, “This landmark project will reduce Pakistan’s gas deficit by 30%, ensure fuel for 3,600 megawatts of new power generation plants being constructed in Pakistan to reduce power outages by 80%, and save some $1.5 B in annual foreign-exchange savings.”
The project will be commissioned by June 30, 2017, at Port Qasim, Karachi.
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