Summit LNG announced that its chartered FSRU has arrived at Bangladesh’s designated coordinates in the Bay of Bengal “ahead of schedule”.
The Excerelate Energy-operated Summit FSRU charged with Qatari LNG is now moored 6-Km off the island of Moheshkhali in Cox’s Bazar. It is capable to send out 0.5 BCF/D of regasified LNG via subsea pipeline connected to the national grid.
Summit LNG Terminal Co. is a subsidiary of Summit Power International (SPI) and is a company of Summit (75%) - Mitsubishi (25%) consortium.
Summit’s LNG import project is part of SPI’s USD 1 billion investment programme by 2020 to deliver power and gas to Bangladesh. SLNG had awarded France-based Geocean and Norway-based Macgregor turnkey contract for marine work for its LNG import project and Singapore-based PSA Marine for support vessel services at Moheskhali, Cox’s Bazar.
Earlier, Summit LNG had said that it is set bring its LNG import project in Bangladesh online in March as planned despite potential pipeline construction delays. The pipeline that would connect the FSRU to the coastal city of Chattogram has not been fully built which would restrict the flows of regasified LNG from the facility to the transmission network as the delays will result in the FSRU supplying about 300 MMCF/D of gas to the transmission network.