Summit LNG is Bangladesh’s second floating storage and regasification unit (FSRU), has arrived to the Bay of Bengal, Summit Power International (SPI) said.
The unit reached the island of Moheshkhali during the weekend, carrying 138,000 cubic meters of Qatari LNG.
Summit LNG is now moored six kilometers off Moheshkhali in Cox’s Bazar.
The 138,074 cbm vessel works for Summit under a 15-year time charter. Summit intends to purchase the unit from the US-based Excerelate Energy.
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).
Summit LNG Terminal (SLNG) is a subsidiary of SPI and is a company of Summit – Mitsubishi consortium. Japanese Mitsubishi Corporation (MC) acquired 25% of SLNG in August 2018. The remaining 75% is owned by Summit.