Summit LNG, a vessel with floating storage and re-gasification unit (FSRU), has arrived in the Bay of Bengal ahead of schedule to supply 500 million cubic feet of re-gasified LNG to the national grid every day.
It is now moored 6 kilometers off the island of Moheshkhali in Cox's Bazar, said Summit Group in a statement yesterday.
Summit has hired the vessel from USA's Excelerate Energy for 15 years and carried liquefied natural gas (LNG) from Qatar.
If weather permits and Petrobangla wants re-gasified LNG, Summit LNG will be able to send out the gas to the national grid in seven days, said an official of Summit Group.
This is the second FSRU that will re-gasify and supply gas to Bangladesh, after Excelerate Energy began supplying re-gasified LNG to Bangladesh from its terminal in Moheshkhali in August last year.
In the statement, Muhammed Aziz Khan, founder chairman of Summit Group, said: “Summit is working towards achieving power and energy sufficiency in Bangladesh.” Summit LNG Terminal Co Ltd (SLNG) is a subsidiary of Summit Power International and is a company of Summit – Mitsubishi consortium. Mitsubishi, the Japanese trading giant, acquired 25 percent of SLNG in August 2018.
The project is part of Summit Power International's $1 billion investment programme by 2020 to deliver power and gas to Bangladesh.
SLNG awarded Geocean SAS of France and Macgregor of Norway the turnkey contract for marine work for its floating LNG storage and the regasification terminal and PSA Marine of Singapore for support vessel services at Moheshkhali.
Once in operation, the facility is
expected to double Bangladesh's LNG import capacity.