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Summit LNG Terminal signs US$100 million turnkey contract 

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LNG Industry,

Summit LNG Terminal, a subsidiary of Summit Power International, has signed a US$100 million turnkey contract with a marine work contractor consortium comprising of Geocean SAS and MacGregor for design, engineering, procurement, fabrication, installation and testing of the fixed infrastructure for its Floating LNG Storage and Regasification Terminal (FSRT) at Moheskhali, Cox’s Bazar. The project completion date is 16 months from the time of signing. 

The fixed infrastructure will consist of a Disconnectable Turret Mooring (DTM) plug for FSRU vessel system with anchors (suction piles), flexible riser with flotation and tether system, control and hydraulic umbilical, PLEM, Stern Mooring System of FSRU vessel offshore pipelines and landfall works. 

In August 2017, Summit LNG Terminal had signed a Time Charter Party (TCP) agreement with Excelerate Energy for securing FSRU vessels. 

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