BW Group has announced that it 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.
The FSRU, which is currently under construction at Samsung Heavy Industries in Korea, will be utilised for this project upon delivery in the fourth quarter of 2016.
Yngvil Åsheim, managing director of BW LNG, commented: “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,” added Iqbal Z. Ahmed, Chairman of PGPL.
The project will be commissioned by 30 June 2017, at Port Qasim, Karachi.
BW LNG’s first FSRU, the BW Singapore, is currently working a five-year contract in Egypt.