Summit’s LNG terminal goes into operation
Published: 07:42 PM, 30 April 2019
Summit Group’s LNG terminal started operation on Monday night, said its officials on Tuesday.
The Floating Storage and Regasification Unit (FSRU) which is known as LNG terminal arrived in the country on April 21 and it was moored at 6 kms off the island of Maheshkhali in Cox’s Bazar.
“Summit LNG Terminal Co Ltd (SLNG) has successfully completed the commissioning of its Floating Storage and Regasification Unit (FSRU) on April 29, Monday and it is supplying 500 mmcfd of degasified liquefied natural gas to the national grid,” said a press release of the Summit Group.
“This significant milestone was achieved approximately one month ahead of the 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,” it added.
Summit has brought the FSRU under a 15-year contract with USA’s Excerelate Energy and it has carried LNG (Liquefied Natural Gas) from Qatar, said the officials.
About the arrival of the FSRU, Summit Group Chairman Muhammed Aziz Khan said that investors in Bangladesh need to believe that energy, gas and power will be available to their industries.
“Our Summit LNG’s 500 mmcfd will help strengthen that trust. Price is a matter of demand and supply in a free-market economy,” he said.
However, Bangladesh Energy and Regulatory Commission (BERC) has to set fair price as only a fair price can ensure uninterrupted gas and power supply, Aziz Khan added.
“We are grateful for the opportunity given to us by the Ministry of Power, Energy and Mineral Resources (MPEMR), Petrobangla and Rupantarita Prakritik Gas Co Ltd (RPGCL),” he said.
This will be the second FSRU operation in the country after the inception of LNG import. The first FSRU was set up by US-based Excerelate Energy which came into operation in August last and now it is re-gasifying about 350 million cubic feet of gas per day (mmcfd).
State-owned Rupantarita Prakritik Gas Company Limited (RPGCL), a subsidiary of the Petrobangla, has been importing the LNG from Qatar and re-gasifying it through the FSRU of Excerelate Energy at a specific charge.
Similarly, Summit’s LNG terminal will re-gasify the RPGCL-imported LNG at a specific charge and supply it to the national gas grid, said the Petrobangla officials.
The Summit’s FSRU will be operated by Summit LNG Terminal Co Ltd (SLNG), a subsidiary of Summit Power International (SPI) and 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.
Summit Group said the floating LNG terminal facility comprising of storage and re-gasification unit is part of SPI’s USD 1 billion investment program by 2020 to deliver power and gas to Bangladesh.
- Bangladeshis should be proud of their soldiers: Antonio Guterres
- Former SCC mayor Kamran tests positive for COVID-19
- Natore reports three new COVID-19 patients
- Dr. Nahid brought to Suhrawardy Hospital
- 29 more test positive for coronavirus in Faridpur
- Fiji declares itself Coronavirus-free
- Foreign currency reserve, annual remittances hit record highs
- Qatar completes third World Cup stadium
- Coronavirus is ‘weakening’, now claims US doctors
- Govt to recruit 3,000 medical technologists-technicians
- COVID-19 cases reached 1281 in Cumilla
- Youths in country mostly infected with coronavirus
- Electrician dies falling from under-construction building
- 123 officials get promoted as joint secretaries
- Don Dawood Ibrahim and his wife infected with COVID-19
- Coronavirus: Cox’s Bazar declared as country’s first ‘red zone’
- Bank official among 3 of a family hacked in Pabna, bodies found 3 days later
- ‘Environment care would have made easier to combat virus’
- Shechwashebak League leader killed in Bogura
- Gazipur coronavirus cases surpass 1,500
- New routine for secondary classes on TV released
- Four families placed under lockdown in Brahmanbaria
- 3 killed, 7 injured in knife attack at China supermarket
- Tea seller anxious despite his son gets GPA-5
- Consumers suffering in ‘spooky electricity bills’
- India breaks all records of COVID-19 cases in a day
- Sherpur reports six new coronavirus infected cases
- Schoolboy`s body found in pond
- Charging extra fare is breach of promise: Quader
- 5 day labourers missing as boat capsize in Padma
- All News »
- Noble made his wife Salsabil a model in music video
- 4 cops charged for killing a black man in US
- Killing of 26 Bangladeshis in Libya: Main culprit killed in drone strike
- 23 die, highest infection recorded in last 24 hrs
- Record deaths, infections in 24 hours
- Record new cases in 24 hours, 37 dead
- BGMEA’s PCR lab for COVID-19 test opened
- Anandabazar editor Anirban Chattopadhyay resigns
- Brazil’s COVID-19 deaths surge past Spain
- Over 2000 infected in 24hrs, 22 dead
- Electronic mask developed to prevent coronavirus!
- 1,256 more freedom fighters listed
- Brutal murder story of Junko, who raped about 500 times in 44 day
- Slain 26 Bangladeshis to be buried in Libya
- 1764 infected in 24 hours, 28 dead
- Music director Wajid Khan dies
- Over 2500 infected in 24 hours, 37 die
- SSC-equivalent results published, pass 82.87 pc
- Former national footballer Salauddin passes away
- Chinese COVID-19 fighters due June 8
- Chhatra League buries BNP leader
- A thrilling operation by Police: 6 youths rescued from Sundarbans
- COVID-19 death toll in country surpasses 600
- 26 Bangladeshis shot dead in Libya
- Trump announces US to sever all ties with WHO
- Mahathir expelled from party
- Happy birthday ‘Legendary Actor’ Humayun Faridi
- 2,423 new infected, 35 die in 24 hours
- COVID-19: Over 9,000 people recovered in country
- Over 125,000 cases reported globally in a day