US Ambassador Paul W. Jones, Chargé d’Affaires a.i., was welcomed by Engro Corporation President Ghias Khan when he visited Engro Elengy Terminal Limited, accompanied by the U.S. Consul General and Chairman Port Qasim Authority, on Monday.
There, Ambassador Jones came aboard 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, and investment partners World Bank Group and Royal Vopak of the Netherlands.
Excelerate Energy is an American company headquartered in the state of Texas and stands strong as Engro’s trusted partner in the Liquified Natural Gas (LNG) terminal. Since 2003, they have built up a global track record of accomplishments and innovation, and are the recognized leader in floating LNG regasification solutions. Excelerate Energy is the only floating LNG provider offering services across the entire midstream LNG chain. This terminal is a testament to Engro being a partner of choice for global companies that are best-in-class. Engro has always endeavored to bring the best of the world to Pakistan because developing markets require FDI in infrastructure and projects to remain on a path of progress.
Ambassador Jones was pleased, and remarked, “It is very nice to see the great contribution being made by Engro and Excelerate Energy through LNG 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. 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.”
President of Engro, Ghias Khan, on the occasion, remarked, “We are happy to have Ambassador Jones visiting us today. Our American partner, Excelerate Energy, has played a pivotal role, which has made these milestones possible. Further, Royal Vopak, which is a 25-year old joint venture partner with Engro in another business, has extended their relationship to the LNG terminal. 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%.”
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.