Qatargas Operating Company Limited (Qatargas) has delivered the first Q-Flex cargo of liquefied natural gas (LNG) to the SUMMIT LNG Floating Storage and Regasification Unit (FSRU) located offshore Bangladesh. The cargo, aboard Qatargas-chartered 'Al Safliya', was loaded at Ras Laffan Port on 27 December 2019 and delivered to the FSRU on 14 January 2020.

This is the first commercial open water ship-to-ship transfer involving a Q-Flex vessel delivering to Petrobangla (LNG buyers) at their Summit LNG Terminal (SLNG). SLNG is a project jointly developed by Excelerate Energy and the Bangladesh Oil, Gas & Mineral Corporation (Petrobangla) on a build, own and operate basis. The FSRU 'SUMMIT LNG' is under a 15-year charter deal to Petrobangla and carried the inaugural LNG cargo from Qatar in April 2018.

'Al Safliya' is a Q-Flex class LNG vessel with an overall cargo capacity of 210,000 cubic metres.

The deliveries to Petrobangla are made under a long-term Sale and Purchase Agreement (SPA) signed in September 2017 between Qatargas and Petrobangla to supply up to 2.5 million tonnes of LNG per annum for 15 years.

About Qatargas

Qatargas is the world’s largest LNG producing company with a production capacity of 42 MTA. The State of Qatar, as the world’s leading LNG producer, anticipates that the People’s Republic of China will become one of the world’s largest gas markets.

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.