Engro Elengy FSRU Expansion
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Engro Elengy FSRU Expansion is a proposed LNG import terminal in Port Qasim, Pakistan.[1]
Location
Project Details
- Owner: Elengy Terminal Pakistan Limited[2][1]
- Parent company: Engro 51%; Royal Volpak 49%[3][1]
- Vessel name: Excelerate Sequoia[4]
- Vessel owner: Excelerate Energy[1]
- Vessel parent: Excelerate Energy[1]
- Location: Port Qasim, Pakistan[1]
- Coordinates: 24.769704, 67.334731 (estimate)
- Capacity: 5.9 mtpa[5]
- Status: Proposed[1]
- Type: Import[1]
- Start Year: 2022
Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day; mmcfd = million cubic feet per day
Background
In February 2020 Engro Elengy and Excelerate Energy signed an agreement for the construction of a new FSRU to be moored at the same location. Under the agreement, Excelerate will exchange its existing FSRU Exquisite with a newbuild FSRU, Excelerate Sequoia, currently employed on a short-term charter to PetroChina. The FSRU will increase the send-out capacity by more than 1 MTPA of LNG and increase LNG storage capacity from 150,900 m3 to 173,400 m3.[6]The Engro FSRU Expansion will have a capacity of 5.9 mtpa.[7]
As of January 2021, the project was awaiting government approval.[8]
In June 2021, Pakistan media reported that the Pakistan government's Cabinet Committee on Energy had again failed to reach consensus on allowing Engro's LNG terminal to replace the existing Engro Elengy FSRU with the new expansion project as different stakeholders expressed their reservations about the move. One of these, Sui Northern Gas Pipelines Limited, voiced concern over possible disruption to gas supplies to power plants. The gas utility would have to pay damages if it could not provide gas to power plants which have "take-or-pay" agreements. The Energy Committee was seeking legal advice on the matter from the country's Law Division.[9]
In December 2021, the Excelerate Sequoia, which had earlier been expected to serve as the Engro FSRU Expansion, began service in Brazil at Bahia FSRU.
Articles and resources
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 Excelerate Energy and Engro Elengy Terminal Agree to Expand Pakistan LNG Import Terminal, PR Newswire, January 20, 2021
- ↑ The LNG Industry: GIIGNL Annual Report 2022. May 2022.
- ↑ The LNG Industry: GIIGNL Annual Report 2022. May 2022.
- ↑ GIIGNL 2021 Annual Report, accessed May 5, 2021
- ↑ John Snyder, Newbuild FSRU will underpin Pakistan's growing demand for gas, Riviera, Feb. 10, 2020
- ↑ GIIGNL 2021 Annual Report, accessed May 5, 2021
- ↑ John Snyder, Newbuild FSRU will underpin Pakistan’s growing demand for gas, Riviera, Feb. 10, 2020
- ↑ Engro awaits govt's approval to build second LNG terminal, The News, Jan. 20, 2021
- ↑ Zafar Bhutta, No agreement yet on new floating terminal, The Tribune, Jun. 19, 2021
