Summit LNG Terminal provides fixed infrastructure at Moheshkhali

Singapore-based Summit Power subsidiary Summit LNG Terminal has signed a US$100M contract with consortium partners MacGregor and Geocean SAS to provide fixed infrastructure for a floating LNG storage and regasification terminal at Moheshkhali Island near Cox’s Bazar in Bangladesh.

Summit LNG Terminal will design, engineer, procure, build, install and test the fixed infrastructure for the floating import terminal. This includes a disconnectable turret mooring plug for a floating storage and regasification unit (FSRU) that Excelerate Energy will supply.

It also includes anchors, suction piles, a flexible riser with a flotation and tether system, controls and hydraulic umbilical, stern mooring systems, offshore pipelines and landfall works. Summit will complete the works within 16 months.

Summit LNG Terminal signed a 15-year time charter party agreement with Excelerate in August for an FSRU to support gas-to-power projects in Bangladesh. Excelerate will supply the vessel from its existing fleet but has yet to announce which it will assign to Bangladesh.

Bangladesh’s largest conglomerate, Summit Power plans to list itself in Singapore early next year, seeking to raise US$1Bn to expand its southeast Asia power business.