This includes a floating storage and regasification unit (FSRU) time charter party agreement (TCP), pipeline construction and an engineering, procurement and construction (EPC) agreement.
The FSRU TCP will see Summit – via Summit LNG Terminal Co. (SLTC) – enter a 15-year time charter agreement with Excelerate Energy LP for an FSRU to be introduced at Moheshkhali island, located in the Bay of Bengal.
It is expected that the FSRU will supply approximately 500 000 ft3/d of gas from imported LNG, which will supplied to Bangladesh through the use of a 9 km pipeline off Moheshkhali.
King & Spalding claims that the FSRU TCP follows on from a terminal use agreement and an implementation agreement for the project, both of which were agreed earlier in 2017 with the Government of Bangladesh and PetroBangla.
The King & Spalding team includes projects and energy partner Richard Nelson, as well as senior associate Nick Kouvaritakis, both based in Singapore.
Read the article online at: https://www.lngindustry.com/regasification/11082017/king-spalding-advises-summit-corp-on-lng-import-terminal/