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20 April 2019

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‘Summit LNG’ arrives ahead of schedule

Photo caption: Summit’s Liquified Natural Gas (LNG) Floating Storage and Regasification Unit (FSRU) has arrived with 1,38,000 cubic metres of LNG at Moheshkhali.

The vessel ‘Summit LNG’ with Floating Storage and Regasification Unit (FSRU) of Summit has arrived at Bangladesh’s designated coordinates in the Bay of Bengal ahead of schedule. It is now moored 6 kilometers off the island of Moheshkhali in Cox’s Bazar. Summit has time chartered to purchase this vessel from USA’s Excerelate Energy for 15 years and it has now carried LNG (Liquified Natural Gas) from Qatar. The FSRU will send out Regasified Liquified Natural Gas (RLNG) via subsea pipeline connected to the national grid. Summit LNG is able to regasify 500 million cubic feet of LNG daily (mmcfd).

On the occasion the Founder Chairman of Summit Group Muhammed Aziz Khan remarked, “Summit is working towards achieving power and energy sufficiency in Bangladesh under the bold leadership of the government. We are pioneering adaptation of cutting-edge technology for most economical, efficient and sustainable energy solutions to enable graduation to a developed country. Summit is promised bound to provide least cost environment-friendly solutions. ”

About Summit LNG Terminal Co Ltd: Summit LNG Terminal Co Ltd (SLNG) is a subsidiary of Summit Power International (SPI) and is a company of Summit – Mitsubishi consortium. Mitsubishi, the Japanese trading giant, acquired 25% of SLNG in August 2018 and is represented in the Board of Directors of the company. Originally receiving a concession from Petrobangla, Bangladesh’s state-owned company in 2017 to develop a floating LNG terminal facility comprising of a storage and regasification unit, this project is part of SPI’s USD 1 billion investment programme by 2020 to deliver power and gas to Bangladesh. SLNG had awarded Geocean SAS (of France) and Macgregor (of Norway) turnkey contract for marine work for its Floating LNG Storage and Regasification Terminal (FSRT) and PSA Marine (of Singapore) for Support Vessel Services at Moheskhali, Cox’s Bazar while the vessel “Summit LNG” is chartered to purchase from Excelerate Energy of USA.

Media Articles

English News Paper
The Daily Star, April 21, 2019
The Financial Express, April 21, 2019
New Age, April 21, 2019
Daily Sun, April 21, 2019
Dhaka Tribune, April 22, 2019
The Independent, April 21, 2019
Financial Express, April 21, 2019
Bangladesh Post, April 22, 2019
Daily Obsrver, April 23, 2019

Bengali Newspaper
Prothom Alo, April 21, 2019
Kaler Kantho, April 21, 2019
Jugantor, April 23, 2019
Bangla Tribune, April 21, 2019
Samakal, April 21, 2019
Daily Janakantha, April 21, 2019
Bonik Barta, April 21, 2019
Share Biz, April 21, 2019
Daily Inqilab, April 21, 2019
Dainik Purbokone, April 21, 2019

Online Newspaper
Reuters, April 22, 2019
LNG World News, April 22, 2019
ET Energy World, April 22, 2019
bdnews24.com, April 21, 2019
UNB, April 22, 2019
Upstreamonline, April 22, 2019
Vessel Finder, April 22, 2019
Portal Portuario, April 22, 2019
Marine Link, April 22, 2019
Diligentia Services, April 22, 2019
Natural Gas World, April 22, 2019
Business Recorder, April 22, 2019
Zawya, April 22, 2019
Global LNG Info, April 21, 2019
AOG, April 22, 2019
LNG Industry, April 24, 2019
Safety4sea, April 23, 2019
OGP Network, April 23, 2019
Gas Processing News, April 23, 2019
Energy Global News, April 23, 2019
Sinopec News, April 23, 2019
Marine Insight, April 23, 2019
Euro-Petrole, April 22, 2019
g Captain, April 22, 2019
World Maritime News, April 22, 2019
banglanews24.com, April 21, 2019
channelionline.com, April 21, 2019
Energy & Power, April 21, 2019
Kaler Kantha English, April 21, 2019
Prothom Alo, April 20, 2019
sharebazarnews.com, April 20, 2019
Cox's Bazar Vision, April 21, 2019

Social Media
IFC Infrastructure, April 28, 2019
LNG World News, April 22, 2019
Set Sail Marine, April 22, 2019

TV Coverage
ATN News, April 20, 2019
Channel i, April 21, 2019
News24, April 21, 2019