Excelerate Energy and Engro Elengy Terminal will expand the EETL LNG import terminal in Port Qasim, Pakistan.
Under the Heads of Agreement, Excelerate will exchange its existing floating storage and regasification unit 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 standard cubic feet per day and increase its LNG storage capacity from 150,900 m3 to 173,400 m3.
Excelerate will take delivery of Hull 2477 in April 2020 and EETL plans to start expanded operations in Pakistan before winter 2020.
Excelerate CCO Daniel Bustos says: 'We are proud to partner with Engro and Vopak on this expansion to help meet the growing demand for natural gas in Pakistan. We continuously work with our customers to ensure our terminals adjust to the changing needs of their markets. In the nearly five years of essentially non-stop operations in Pakistan, we have a proven track record of safe and reliable operations at peak performance.'
The facility, Pakistan's first floating LNG import terminal, began operations in March 2015 and has been delivering up to 690 MMcf/d of natural gas directly into Sui Southern Gas's natural gas pipeline system.