Bangladesh’s second floating storage and regasification unit (FSRU) has begun operations at the Summit LNG Terminal located offshore Moheshkhali Island in the Bay of Bengal. The FSRU provides a send-out capacity of 500M ft3 per day (MMscf/d) of natural gas, helping to meet Bangladesh’s growing energy needs in its strong economy. According to the International Monetary Fund, Bangladesh has an average a GDP of 6.5% for over a decade, driven by its exports of garments and agricultural products.
On 20 April Summit LNG FSRU arrived at Moheshkhali, Cox’s Bazar initially loaded with 138,000 m3 of LNG from Qatar. It began supplying its first natural gas via subsea pipeline to the national grid on 29 April.
In August 2017, Summit LNG Terminal Co Ltd entered into a 15-year charter agreement with US-based Excelerate Energy for the FSRU Summit LNG. In addition to providing the FSRU, Excelerate acted as the owner’s engineer for Summit in regard to the fixed infrastructure components of the terminal, which included a subsea plug, mooring system and subsea pipeline.
Summit Group founder chairman Muhammed Aziz Khan said, “With this additional 500 MMscf/d to current 3,200 MMscf/d, we will be able to provide necessary primary energy to Bangladesh.” Mr Khan said Summit would invest US$3Bn in Bangladesh’s infrastructure over the next five years in addition to its existing assets of about US$2Bn.
PSA Marine Bangladesh, a subsidiary of PSA International Pte Ltd, was awarded a 15-year contract by Summit LNG to provide berthing, mooring, pilot and personnel transfer services to LNG ships calling at Summit LNG FSRU terminal. PSA Marine uses a fleet of three terminal escort tugs, one fast crew boat and one offshore supply vessel for the operation.
In August 2018, Excelerate commissioned its Moheshkhali Floating LNG terminal, Bangladesh’s first LNG import facility.
Summit LNG Terminal Co Ltd (SLNG) is a subsidiary of Summit Power International, a Singaporean company that is the largest independent owner-producer in Bangladesh. SLNG is owned by consortium of Summit Corporation and Japan’s Mitsubishi Corporation.