Agreement for expansion of engro elengy terminal at Port Qasim.

During a speech at the Pakistan Energy Reform conference in Islamabad the CEO of Engro Elengy Terminal Ltd (EETL) Jahangir Piracha announced the signature of heads of agreement (HOA) with Excelerate and with Shell for the expansion of the Elengy Terminal in Port Qasim.

The EETL terminal is a joint venture between Engro Corporation and Royal Vopak of the Netherlands. It is Pakistan's first floating LNG import terminal, which began operations in March 2015 and is recognized as the most utilized FSRU worldwide. It currently fulfils as much as 15 percent of Pakistan's daily natural gas requirements. EETL has handled over 280 LNG cargoes to date.

The current FSRU will be replaced by a new build vessel before the winters of 2020, increasing EETL's send-out capability by over 150 mmscfd.

The HOA signed gives Shell access rights to the added capacity and enables Shell to bring in LNG imports from its global portfolio of competitive and reliable supply to help meet Pakistan's growing demand for natural gas.

Speaking at the conference, Marcus Hector...