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Summit LNG FSRU commences operations

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LNG Industry,

Excelerate Energy has announced that the Summit LNG floating storage and regasification unit (FSRU) has commenced operations at the Summit LNG terminal offshore Moheshkhali Island in the Bay of Bengal.

According to the statement, the FSRU successfully completed commissioning of the LNG terminal, which is owned by Summit LNG Terminal Co. Ltd, on 29 April 2019. The terminal has a total send-out capacity of 500 million ft3/d of gas.

Summit first entered into a 15-year charter agreement with Excelerate for the FSRU in August 2017. In addition to providing the FSRU, Excelerate claims that it also acted as the owner’s engineer for Summit in regards to the fixed infrastructure components of the terminal, which included a subsea plug, mooring system and subsea pipeline.

Steven Kobos, Managing Director of Excelerate, said: “The successful completion of the Summit LNG terminal represents a significant positive change to Bangladesh’s energy supply – helping bolster local industry while benefitting the citizens of the country.

“We are pleased to have partnered with Summit on this very important project and are confident our experience and expertise in FSRUs will ensure an efficient and reliable service for Bangladesh for the years to come.

Founder Chairman of Summit Group, Muhammed Aziz Khan, added: “Summit is most pleased to receive the opportunity to provide much needed regasified LNG to Bangladesh’s national gas grid. Excelerate's in-depth understanding and leadership in the FSRU market has contributed immensely to the implementation of this project. With this additional 500 million ft3/d to current 3200 million ft3/d, Bangladesh will be able to provide necessary primary energy to Bangladesh. This natural gas will provide huge impetus to growth and development of Bangladesh. Summit will continue its endeavour to provide low cost environmentally friendly energy solutions to Bangladesh.”

In August last year, Excelerate commissioned its Moheshkhali floating LNG (MLNG) terminal – Bangladesh’s first LNG import facility. Since operations commenced, MLNG has successfully imported 27 cargoes and delivered more than 70 million Btu of natural gas into the Bangladeshi market. According to the statement, this represents an increase in gas supply of over 10% during this period.

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