Local energy giant Summit LNG Terminal Co Ltd (SLNG) is expected to supply imported LNG (liquefied natural gas) to the national grid by the end of this month.
The company plans to supply the LNG to the grid as it’s Floating Storage and Regasification Unit (FSRU) has already arrived in the Bay of Bengal ahead of schedule, said a top official.“We are expected to start test commercial operation of gas supply from the FSRU within seven days subject to favourable weather in the Bay,” said Founder Chairman of Summit Group Muhammed Aziz Khan while talking to the Daily Sun.
He is hopeful about the SLNG’s commercial operation from early next month.
The vessel ‘Summit LNG’ with Floating Storage and Re-gasification Unit (FSRU) has arrived at Bangladesh’s designated coordinates in the Bay of Bengal ahead of schedule. It is now moored at 6 kilometers off the island of Moheshkhali in Cox’s Bazar.
Summit has time chartered to purchase the vessel from USA’s Excerelate Energy for 15 years and it is now carrying liquefied natural gas from Qatar.
The FSRU will send out Regasified Liquefied Natural Gas (RLNG) via subsea pipeline connected to the national grid. Summit LNG is capable 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 Prime Minister Sheikh Hasina.”“We are pioneering in 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,” said the chairman.
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 percent 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.
After achieving the commissioning, Bangladesh will supply 1000mmcfd of LNG through import. Now, the government supply to 500mmcfd imported LNG into grid.