ANL 16.39 Increased By ▲ 0.24 (1.49%)
ASC 13.85 Decreased By ▼ -0.07 (-0.5%)
ASL 18.65 Decreased By ▼ -0.12 (-0.64%)
BOP 8.75 No Change ▼ 0.00 (0%)
BYCO 7.51 Decreased By ▼ -0.03 (-0.4%)
FCCL 17.80 Increased By ▲ 0.01 (0.06%)
FFBL 23.10 Increased By ▲ 0.02 (0.09%)
FFL 15.41 Increased By ▲ 0.16 (1.05%)
FNEL 7.24 Decreased By ▼ -0.01 (-0.14%)
GGGL 17.00 Increased By ▲ 0.10 (0.59%)
GGL 28.50 Decreased By ▼ -0.70 (-2.4%)
HUMNL 6.43 Decreased By ▼ -0.05 (-0.77%)
JSCL 20.19 Increased By ▲ 0.09 (0.45%)
KAPCO 27.20 Decreased By ▼ -0.95 (-3.37%)
KEL 3.45 Increased By ▲ 0.02 (0.58%)
MDTL 2.22 Decreased By ▼ -0.02 (-0.89%)
MLCF 35.91 Increased By ▲ 0.79 (2.25%)
NETSOL 107.75 Decreased By ▼ -1.20 (-1.1%)
PACE 4.32 Decreased By ▼ -0.03 (-0.69%)
PAEL 27.75 Decreased By ▼ -0.25 (-0.89%)
PIBTL 8.40 Decreased By ▼ -0.02 (-0.24%)
POWER 7.01 Increased By ▲ 0.01 (0.14%)
PRL 16.62 Decreased By ▼ -0.03 (-0.18%)
PTC 9.20 Increased By ▲ 0.03 (0.33%)
SILK 1.47 Decreased By ▼ -0.01 (-0.68%)
SNGP 40.90 Decreased By ▼ -0.12 (-0.29%)
TELE 17.50 Increased By ▲ 0.77 (4.6%)
TRG 131.20 Decreased By ▼ -2.90 (-2.16%)
UNITY 29.75 Decreased By ▼ -0.10 (-0.34%)
WTL 2.51 Decreased By ▼ -0.03 (-1.18%)
BR100 4,743 Increased By ▲ 26.91 (0.57%)
BR30 20,827 Decreased By ▼ -13.11 (-0.06%)
KSE100 45,613 Increased By ▲ 113.2 (0.25%)
KSE30 17,866 Increased By ▲ 41.55 (0.23%)

Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,328
1624hr
Pakistan Cases
1,266,826
62224hr
1.4% positivity
Sindh
466,750
Punjab
438,433
Balochistan
33,149
Islamabad
106,571
KPK
177,132

ISLAMABAD: M/s Engro has claimed that it had been in discussion with concerned stakeholders on dry docking since October 2019.

The company says that government-to-government LNG agreement requires LNG to be delivered in LNG carriers at Port Qasim and limits any other vessel to bring cargoes on FOB basis. Therefore, the original plan to bring a filled FSRU had to be changed, which also increased complexity of the dry-docking activity. Despite this challenge, EETL and Excelerate Energy met the shutdown dates by managing the channel movement of FSRU Excelerate Sequoia to keep it in a cooled state. The closure time could not have been shortened further as fully optimized switch over also requires 2 to 3 days.

Since its commissioning, EETL has delivered essentially non-stop operations and remained near full utilization. Therefore, there is no seasonality impact of gas supplies from the facility and LNG demand will have to be managed regardless of summer or winter months, in case the terminal goes offline for planned maintenance.

EETL had been in discussion about dry docking with SSGC and all relevant government stakeholders since October 2019. It notified them about updates on dry docking on March 30, 2021, after a survey report issued by the Class Society – responsible to maintain overseas certifications of FSRU under international laws - made it clear that FSRU Exquisite must be sent for dry docking latest by June 30, 2021.

The Class Society had already extended the certifications twice due to COVID-induced disruptions that led to port shutdowns and unavailability of experts. Excelerate, the US firm that owns FSRU Exquisite, had also confirmed that the vessel could not be operated without Class Society certifications beyond the end of June.

Since the March notification, EETL had sought the flexibility and cooperation of stakeholders to find the right window for dry docking activity. However, as the deadlock persisted for over 3 months and confirmed window for the activity could not be determined before June 30, the company added.

Copyright Business Recorder, 2021

Comments

Comments are closed.