EETL and Excelerate to work on LNG terminal expansion

EETL and Excelerate to work on LNG terminal expansion

Engro Elengy Terminal (EETL) has signed a Heads of Agreement (HoA) with an American firm Excelerate Energy for the expansion of the EETL Liquefied Natural Gas (LNG) import terminal located in Port Qasim, Pakistan.

Under the agreement, Excelerate will exchange its existing Floating Storage and Re-gasification Unit (FSRU) Exquisite with a new build FSRU, Hull 2477, which is currently under construction at Daewoo Shipbuilding and Marine Engineering (DSME) shipyard. Excelerate will take delivery of Hull 2477 in April of this year, and EETL projects beginning expanded operations in Pakistan before winter 2020.

Hull 2477 will increase EETL’s send-out capability by more than 150 million standard cubic feet per day (mmcfd) and increase its LNG storage capacity from 150,900 cubic metres to 173,400 cubic metres.

The existing FSRU has a nameplate capacity of processing 600mmcfd of liquefied natural gas (LNG) that can peak to 690mmcfd.

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 690mmcfd of natural gas directly into Sui Southern Gas Company’ s natural gas pipeline system. EETL has handled over 275 LNG cargoes to date.

In September 2019, Excelerate and Maran Gas Maritime Inc. (MGM) signed a five-year bareboat charter agreement for Hull 2477. Excelerate has the option to purchase the FSRU at any time during the duration of the contract.