Excelerate is understood to have signed a deal with Karachi-based petrochemical conglomerate Engro and Sui Southern Gas to site a floating storage and regasification unit (FSRU) in Port Qasim.

Construction work is now underway, sources reveal, and the vessel is expected to go on site in the first quarter of 2015. Engro’s wholly owned Elengy Terminal Pakistan subsidiary will operate the terminal.

LNG