Pakistan has taken another step towards becoming a key buyer of liquefied natural gas (LNG) after signing a deal to purchase a floating storage and regasification unit (FSRU) unit for its second import terminal.
Global maritime organisation BW Group has signed an agreement with Pakistan GasPort Limited (PGPL) to build the new FSRU as well as securing a 15-year contract to provide LNG regasification services to the Port Qasim terminal.
BW’s FSRU will be capable of storing in excess of 170,000m3 of LNG and will feature a peak regasification capacity of 750 million standard cubic feet of gas per day (mmscfd). It is currently under construction at Samsung Heavy Industries (SHI) in Korea and is due to be delivered at the end of this year.
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