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  • Natural gas flows from Summit LNG a month ahead of schedule
    édité le 30/04/2019


Natural gas flows from Summit LNG a month ahead of schedule
Summit LNG Terminal Co Ltd (SLNG) has successfully completed the commissioning of its Floating Storage and Regasification Unit (FSRU) at 2200 hours (local time) on 29th April 2019, Monday and supplying 500 mmcfd of regasified liquified natural gas to the national grid. This significant milestone was achieved approximately one month ahead of schedule saving resources for the government and will be source of supply to many of the homes and industries waiting for much needed gas supply.

Founder Chairman of Summit Group Muhammed Aziz Khan remarked, “Investors in Bangladesh requires to believe that energy, gas and power will be available to their industries. Our Summit LNG’s 500 mmcfd will help to strengthen that trust. Price is a matter of demand and supply in a free-market economy. However Bangladesh Energy and Regulatory Commission (BERC) has to set fair price as only a fair price can ensure uninterrupted gas and power supply.” He added, “We are grateful for the opportunity given to us by Ministry of Power, Energy and Mineral Resources (MPEMR), Petrobangla and Rupantarita Prakritik Gas Co Ltd (RPGCL).”

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.


Origine : Communiqué Summit Power



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