Following up from the Press Release issued on 22 August 2016, on BW signing a 15-year agreement with Pakistan GasPort Limited (PGPL) to provide LNG regasification services utilizing a new-build Floating Storage and Regasification Unit (FSRU) for the second Pakistan LNG terminal, BW Group held a shipnaming ceremony on Thursday 12 January at Samsung Heavy Industries Shipyard for the company’s second LNG FSRU, the BW Integrity.
In attendance was Chairman of Pakistan GasPort Consortium Limited (PGPC) Mr Iqbal Z. Ahmed, and his wife Mrs Saira Ahmed; MD of Pakistan LNG Terminal Limited Mr Azam Soofi; and Chairman of Port Qasim Authority Mr Agha Jan Akhtar. Mrs Saira Ahmed is the sponsor of BW Integrity.
Mr Carsten Mortensen, BW Group CEO, said: “BW Integrity represents BW’s commitment to provide customers with high quality LNG shipping and regasification solutions. We look forward to a trusted, solid and strong working relationship with our friends and partners in Pakistan, as we deploy this vessel for the second Pakistan LNG terminal at Port Qasim.”
In a note to BW and PGP Consortium Limited, HE Shahid Khaqan Abbasi, Federal Minister, Ministry of Petroleum and Natural Resources of the Government of Pakistan said: “We look forward to making this FSRU a critical element of Pakistan’s RLNG Supply Chain as part of the PGPC Terminal at Port Qasim in Karachi. This FSRU will more than double Pakistan’s LNG regasification capacity to over 1200 MMCFD. The Government of Pakistan fully supports this project and our state owned company, Pakistan LNG Terminals Limited, has procured 600 MMCFD regasification capacity of the PGPC Terminal under a 15-year contract”.
Mr Iqbal Z. Ahmed, Chairman of Pakistan GasPort Consortium Limited (PGPC) said: “We are delighted to celebrate this occasion with BW Group. The BW Integrity is a vital and essential part of our plan to reduce Pakistan’s gas deficit, provide fuel for 3,600 megawatts of brand new power-generation capacity, yield an estimated US$1.5 billion in annual foreign-exchange savings, and visibly boost the country’s economic growth.”
BW is a leading international gas shipping company with more than 80 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). BW’s first FSRU, the BW Singapore, is currently involved in a five-year contract providing LNG regasification and storage services at the Port of Ain Sokhna in Egypt.
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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.