BW LNG has signed a 10-year charter with the National Electric Power Company (NEPCO), in Jordan, to deploy a floating storage unit (FSU), which NEPCO will own at the end of the arrangement. The vessel will be moored at Sheikh Sabah LNG Terminal, Aqaba, for 10 years, and 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. The vessel is one of 34 vessels in BW LNG’s fleet, which includes four floating storage and regasification units (FSRUs) and four new buildings under construction.
Yngvil Åsheim, CEO of BW LNG says: ‘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. As part of our fleet of 34 LNG carriers and FSRUs, our vessel will be converted ahead of her 10-year charter in Jordan. At BW LNG, we are committed to our strategy to provide floating LNG infrastructure as the world moves towards a low carbon society and countries look for sustainable, affordable, and reliable energy.’
BW LNG Announces 10-year Charter With NEPCO
