US envoy visits Port Qasim, praises increase in cheap LNG consumption

Companies reach milestone of the world’s fastest 250 ship-to-ship transfers of LNG

KARACHI: US Ambassador Paul W Jones on Monday visited the country’s first Floating Storage and Regasification Unit (FSRU), brought to Pakistan in 2015 as part of Engro Elengy Terminal – a collaboration between Engro and American company Excelerate Energy.

The US envoy lauded Engro and Excelerate Energy for their efforts to uplift Pakistan by supplying cleaner and cheaper fuel to ensure homes and industries get the gas they need for day-to-day use and to fulfill industrial requirements.

Excelerate Energy is an American company which partners with Engro in the Liquified Natural Gas (LNG) terminal. Since 2003, they have built up a global track record of accomplishments and innovation, and are the recognised leader in floating LNG regasification solutions.

“I commend both companies on this incredible milestone of the world’s fastest 250 ship-to-ship transfers of LNG. Engro and US company Excelerate, together, have proven to be a robust US-Pakistan partnership,” the ambassador said.

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President of Engro, Ghias Khan stressed that Excelerate Energy played a pivotal role, which has made these milestones possible.

“We consider the LNG projects in the country to be of great importance, with two terminals in the country and several more in the pipeline – the impact on Pakistan’s energy requirements is very positive while it has reduced Pakistan’s gas deficit by 50 per cent,” he added.

Located adjacent to the Engro Vopak terminal on the mainland side of the channel into Port Qasim, the Engro Elengy Terminal was a fast-track LNG import solution built to alleviate the energy shortage facing the country.

The terminal was built in a world record time of 330 days and has emerged as the largest gas source in Pakistan with capacity to inject up to 690 mmscfd RLNG into the system, leaving behind Qadirpur and Sui Gas fields.

With round-the-clock supply of natural gas at a utilization rate of approximately 98 per cent, the terminal has now handled over 250 LNG cargo ships and is fulfilling 13 per cent of Pakistan’s gas requirements.