BW LNG, a subsidiary of BW Group, has secured a 10-year charter agreement with Jordan’s National Electric Power Company (NEPCO) for one of its vessels. The contract involves converting the vessel into a floating storage unit (FSU) to be stationed at the Sheikh Sabah LNG Terminal in Aqaba.
Although financial details of the deal have not been disclosed, BW LNG confirmed that NEPCO will assume ownership of the FSU at the end of the charter period.
BW LNG operates a fleet of 34 LNG carriers and floating storage regasification units (FSRUs), with four additional vessels currently under construction. The FSU is expected to commence operations in either the third or fourth quarter of 2026.