Pakistans Port Qasim to Get 2nd FSRU

Excelerate Energy Following negotiations with the consortium of Engro, Fatima, and Shell, US-based Excelerate Energy said that it would help deliver a proposed floating LNG terminal and second FSRU to the Pakistan market. The consortiums project site is located across the Port Qasim channel and the countrys first LNG import terminal that Elengy installed early last year utilizing Excelerates floating regas technology. When the consortiums project comes on line in 2018, the total regasification capacity from Excelerates two FSRUs at Port Qasim will be over 1 bcf per day, enough natural gas to support over 6,000 MW of power generation. The fast track FSRU project will supply much needed natural gas to Pakistan to help mitigate the supply shortfalls the country is currently facing, Excelerate informed. 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, Chief Development Officer Daniel Bustos, said.