BW has been selected by The Egyptian Natural Gas Holding Company (EGAS) to provide LNG regasification services utilizing a Floating Storage and Regasification Unit (FSRU) in Ain Sokhna, Egypt.
Carsten Mortensen, BW Group CEO, says “We are delighted to have been selected as the successful FSRU provider by EGAS and we look forward to supporting Egypt in this project of national importance. The project requires a fast track schedule – five months from project inception to first gas – which represents a record short time for implementation, and made possible because of excellent collaboration between EGAS and BW.”
BW’s state-of-the-art FSRU BW Singapore built at Samsung Heavy Industries (SHI) in Korea will be utilised for this project. To be delivered by end September 2015 in Ain Sokhna Port and ready for operations in October 2015, she offers low environmental footprint, high efficiency, storage capacity in excess of 170,000cbm and a peak regasification capacity of 750 mmscfd.
BW is a leading international gas shipping company with more than 75 years of maritime energy transportation history, 40 years of operational experience in LNG and a current fleet of 21 LNG carriers including newbuildings. BW is the world’s largest owner and operator of Very Large Gas Carriers and a leading player in tankers and Floating Production Storage and Offloading units (FPSOs).
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About BW Group
BW Group is a leading global maritime group involved in shipping, floating gas infrastructure and deepwater oil & gas production, and has been delivering energy and other vital commodities for more than 80 years, with a current fleet of over 180 ships. The group was founded by Sir YK Pao in Hong Kong in 1955 as World-Wide Shipping. In 2003, the group acquired Bergesen, Norway’s largest shipping company founded in 1935, and in 2005, the business was re-branded as BW. Today, BW Group operates the world’s largest gas shipping fleet (LNG and LPG combined), with a total of over 70 large gas vessels including FSRUs (floating storage and regasification units). BW Offshore operates the world’s second largest floating oil and gas production fleet (FPSOs), with 16 units in US, Brazil, Mexico, West Africa, North Sea, and Australasia. BW’s fleet also includes crude oil supertankers, refined oil tankers, chemical tankers and dry bulk carriers.