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In addition, NEPCO will acquire ownership of the vessel at the end of the charter period, BW LNG said in a statement.
The vessel, to be moored at Sheikh Sabah LNG terminal, Aqaba for 10 years, will play a “pivotal role” in strengthening Jordan’s national energy security needs.
The LNG carrier will undergo conversion to an FSU ahead of the charter and is expected to start operations during Q3-Q4 of 2026, according to BW LNG.
The vessel is one of 34 vessels in BW LNG’s fleet, which includes four floating storage and regasification units (FSRUs) and four newbuildings under construction.
BW LNG did not provide the name of the vessel or the price tag of the contract.
According to BW LNG’s website, its fleet includes 10 old steam LNG carriers, which are likely candidates for the conversion.
“We are pleased to work with the National Electric Power Company to provide a reliable long-term solution for energy security, powering electrical generation and industrial use,” said Yngvil Åsheim, CEO of BW LNG.
Aqaba LNG terminal
AG&P and its unit Gas Entec and local partners Issa Haddadin recently secured a contract from Aqaba Development Corporation to build an onshore regasification LNG terminal at the port of Aqaba in Jordan.
The project’s scope encompasses full engineering, procurement, construction, installation, and commissioning (EPCIC) of a 720 mmscfd onshore LNG regasification facility, marine works, jetty topside work and other associated components, South Korea-based Gas Entec said.
Also, the LNG terminal is expected to be completed, commissioned, and delivered within 22 months.
Gas Entec did not provide the price tag of the deal, but local reports in Jordan suggest the contract is worth $125 million.
Jordan currently imports LNG via the 160,000-cbm FSRU, Energos Eskimo, located in Aqaba.
The country has chartered the FSRU until 2025, while Egypt also uses this unit to secure natural gas supplies.