Shipowner BW LNG has sealed a 10-year charter deal with the National Electric Power Company (NEPCO), Hashemite Kingdom of Jordan, to deploy a floating storage unit (FSU) for national energy needs.
BW LNG said that the NEPCO will acquire ownership of the vessel at the end of the charter period.
The vessel, to be moored at Sheikh Sabah LNG Terminal, Aqaba for 10 years, is expected to play a pivotal role in strengthening the Kingdom’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 newbuildings under construction.
To remind, BW LNG is a developer, owner, and operator of floating gas infrastructure solutions, with over 30 LNG carriers and floating storage and regasification units. BW LNG is a subsidiary of BW Group, a global energy and maritime group, including seven listed companies.
Founded in 1955 by Sir YK Pao, BW controls a fleet of over 450 vessels transporting oil, gas, and dry commodities, with its 200 LNG and LPG ships constituting one of the largest gas fleets in the world.
Yngvil Åsheim, chief executive officer of BW LNG, said: “As part of our fleet of 34 LNG carriers and FSRUs, our vessel will be converted ahead of her 10-year charter in the Hashemite Kingdom of 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”, Åsheim added.
The 10-year charter agreement to deploy the BW LNG floating storage unit has been signed by Dr. Sufian M. Al-Bataineh, managing director of National Electric Power Company and Yngvil Åsheim, chief executive officer of BW LNG.
