Excelerate Energy announced yesterday the company will be assisting a consortium of of Engro, Fatima, and Shell deliver a proposed floating LNG terminal and second FSRU to the Pakistan market.
The project site is located across the Port Qasim channel and Pakistan’s first LNG import terminal. When the project comes on line in 2018, the total regasification capacity from Excelerate's two FSRU's at Port Qasim will be over 1 Bcf a day. Enough natural gas to support over 6,000 MW of power generation.
"Excelerate is extremely excited to work with this strong partnership of Engro, Fatima, and Shell to implement this project in what we view as one of the largest markets for natural gas in the world," stated Chief Development Officer Daniel Bustos. "Our project development and operations teams are aggressively reviewing implementation plans for this project. We have been very pleased to be involved with the country's first floating LNG terminal developed by Engro's subsidiary Elengy over the past 18 months."