1 / 26

Pakistan GasPort LimitedGasPort Fast Track LNG Project Project Overview October 3, 2011

talib
Download Presentation

Pakistan GasPort LimitedGasPort Fast Track LNG Project Project Overview October 3, 2011

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

    2. Project Brief : Sponsors, snapshot, milestones LNG Fundamentals LNG: a solution to Pakistan’s Energy Challenge Pakistan – Natural Gas Supply & Demand Balance Target Customers Benefits of RLNG vs. HSFO Project Cost & Shareholding LNG Supply Market Overview Project Contractors / Suppliers / Consultants & Legal Counsels GOLAR: FSRU and O & M Agreement GUNVOR: LNG supply arrangements HALCROW: Project Engineering Project Commissioning Listing of PGPL on Stock Exchanges

    3. Project Brief & Sponsors’ Profile Pakistan Gas Port Limited (PGPL): is a public limited company incorporated in Pakistan to undertake the implementation of the Fast-Track, Offshore LNG import Terminal at Port Qasim, Karachi. Jamshoro Joint Venture Limited (JJVL): is the main project sponsor of PGPL. JJVL LPG Extraction Plant, an industry leader in production and transportation of LPG in Pakistan, is a state-of-the-art Plant recovering 99% propane. JJVL is the only company in Pakistan to have been nominated since the past six consecutives years for the prestigious Platts Energy Awards. AKD Group: The flagship company of AKD Group, AKD Securities Ltd is a leading securities firm in Pakistan, providing equity brokerage, economic and securities research, investment banking and financial advisory services. AKD Securities accounts for more than 6% of the average daily value of the Karachi Stock Exchange. [http://www.akdsecurities.net] Walters Power International: is headed by former Governor of Oklahoma David Walters and has implemented several power plants around the world. [http://www.walterspower.com] ProEnergy Services: is based in Sedalia, Missouri, USA with extensive EPC and O&M experience in the power sector. It is headed by Jeff Canon and was awarded contracts worth several hundred million dollars recently in Venezuela. [http://www.proenergyservices.com]

    4. Project Objective: GasPort will provide imported RLNG to replace Furnace Oil in Power Plants. Project Location: Kaderio Creek, Off Port Qasim, Karachi. Project Capacity: 400-500 mmscfd of RLNG. Project Engineering: Will entail a permanently moored Floating Storage and Re- gasification Unit (FSRU) that can store 125,000 m3 of LNG. Transfer of re-gasified LNG will be via 5 Km long subsea pipeline from the FSRU to onshore metering station near Korangi Fish Harbour. The Jetty structure will comprise: Unloading platform and Jetty Berthing and mooring dolphins Interconnecting walkways Laying of submarine pipeline Onshore pressure regulating and metering station.

    5. Milestones Achieved

    7. Pakistan today faces an acute gas shortage of 1,000mmcfd during summer and 1,500mmcfd in the winter. Geo-politics of Iran-Pakistan-India pipeline, and delayed local induction of new fields have added more urgency to finding fastest possible solutions from the private-sector for alleviating energy shortages. The current primary energy demand/supply gap in Pakistan is approximately 22mtoe, which is expected to increase to 71mtoe by 2020. LNG import is one of the fastest ways to deliver reliable, clean fuel supplies.

    9. PGPL main target customers are IPP’s which at present are using HSFO and HSD. PGPL will offer RLNG to IPP’s at a 10% discount of HSFO. PGPL is actively negotiating Off-Take Agreements with IPPs Discussions are underway with KESC too. PGPL can accommodate PEPCO/GENCO RLNG requirements of 225-300 mmscfd.

    10.

    11. Project Cost

    12. Project Cost & Financing

    13. Shareholding Structure PGPL, a public company, has so far been financed and owned by Jamshoro Joint Venture Limited (JJVL). However, the project final equity is proposed as follows:

    15. LNG market structure and geographical fundamentals (Port Qasim Nautical Miles)

    20. Golar

    23. FSRU Based LNG Import Project Golar FSRU Project in Dubai

    26. Thank you! PGPL is working diligently to bring first RLNG to Pakistan to provide coverage for the ever increasing supply-demand gap in Natural Gas

More Related