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Svitzer to provide marine support services for Excelerate FSRU

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LNG Industry,

Svitzer has announced that it has been awarded a 15-year contract by Excelerate Energy Bangladesh Ltd to provide marine support services for the Excelerate Energy floating storage and regasification unit (FSRU).

The FSRU will be located offshore Moheshkhali Island in the Bay of Bengal, and will serve as Bangladesh’s first LNG import terminal. It will enable Petrobangla – the state-owned energy company – to increase the country’s natural gas supply by up to 20%, sufficient to support up to 3000 MW of power generation capacity. Construction will commence in 4Q17, with the unit expected to enter service by mid-2018.

Svitzer will serve the facility with five vessels. These will consist of: three Robert Allen RAstar 3200 Ocean Going Terminal tugs being built at the Cheoy Lee Shipyard in China; one 36 m crew boat being built at the Penguin Shipyard; and the MSV Svitzer Foxtrot from the existing fleet. Svitzer will establish a Bangladesh branch office to oversee the operation.

Svitzer’s Alan Bradley said: “It is a vote of confidence that Excelerate chose Svitzer to support their operations in Bangladesh, recognising that we have a great deal of experience operating tugs and other support vessels.

“We are looking forward to a long-term partnership with Excelerate providing safe and reliable marine support services in Bangladesh and our appointment to perform this work is in line with Svitzer’s global expansion into the oil and gas terminal towage sector.

“The 15-year contract with a five-year option signals a confidence in Svitzer’s ability to deliver on a Greenfield project and to meet the challenges of service provision that satisfy the demanding project timeline.”

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LNG import news