Dhaka, Friday, December 14, 2018 04:24 PM   
     
Home Energy BD Energy World Green Energy Opinion Interview Environment Business Others Archive
LATEST >
বাংলা সংস্করণ
   
Summit Power International awards 15-year contract to PSA Marine for an LNG Terminal

Summit Power International Pte. Ltd, Singapore, on Friday announced that its subsidiary, Summit LNG Terminal Co. (Pvt) Limited has awarded a 15-year contract to PSA Marine Bangladesh Pte. Ltd, a subsidiary of PSA Marine (Pte) Ltd.

Under the contract, PSA Marine Bangladesh will provide berthing, mooring, pilot and personnel transfer services to LNG ships calling at Summit LNG FSRU terminal, with its three escort tugboats, one fast crew boat and one offshore supply vessel, said a press release.

The award of this contract marks a significant milestone for PSA Marine and commencement of a long-term partnership with SPI. Together with Summit LNG, PSA Marine Bangladesh targets to commence operations in early 2019.

Peter Chew, Managing Director of PSA Marine said, “We have an excellent track record of providing towage services to LNG terminals, be it at the Singapore LNG terminal in Jurong Island or the Oman LNG terminal at Sur. We are honored to work alongside Summit Power International and this win is a vote of confidence for our standing and capability as the preferred marine services partner for LNG terminals.”

Muhammed Aziz Khan, Chairman of SPI said, “Summit is the largest physical infrastructure company in Bangladesh generating 1,500 MW of electricity, 1,000 MW under construction and 2,400 MW under development. Bangladesh requires 15 million tons of LNG and Summit will provide infrastructure for that. For our first project of LNG, we are pleased to bring on board PSA Marine, a pre-eminent marine services provider, to support our venture to develop region’s fast growing LNG market. Summit Power has an excellent track record in working with world leading corporations to deliver the high standard projects and PSA Marine’s best-in-class services are a natural fit with our operational philosophy.”

In 2017, Summit LNG has received a concession from Petrobangla, Bangladesh’s state-owned company, to develop a floating LNG terminal facility comprising of a storage and regasification unit connected to shore by a six-kilometre subsea pipeline, on a build, own, operate, transfer basis in Moheskhali, Cox’s Bazar to supply approximately 500 million cubic feet per day of natural gas to the national grid.

This project is part of SPI’s US$ 1 billion investment programme to deliver 1,000 MW of power and gas in Bangladesh.

Print PDF

   You may also like

Category: Gas
Bakhrabad Gas Company earns Tk 217.86 lakh in profit

Category: Gas
Govt scraps new floating LNG projects for land-based ones

Category: Gas
Govt resolves FSRU issues, to resume LNG imports

Category: Gas
No gas price hike for now: BERC

Category: Gas
Import duties on LNG withdrawn

Category: Gas
Chattogram LNG supply rises as RasGas vessel docks

Category: Gas
Announcement of gas price hike ‘this week’

Category: Gas
Chattogram starts getting 300mmcfd LNG

Category: Gas
Chevron largest natural gas producer in Bangladesh
     
    RECENT STORIES   MOST READ
    FOLLOW US ON FACEBOOK
    Recent Gas Stories
Bakhrabad Gas Company earns Tk 217.86 lakh in profit
Govt scraps new floating LNG projects for land-based ones
Govt resolves FSRU issues, to resume LNG imports
No gas price hike for now: BERC
Import duties on LNG withdrawn
Chattogram LNG supply rises as RasGas vessel docks
Announcement of gas price hike ‘this week’
Chattogram starts getting 300mmcfd LNG
Chevron largest natural gas producer in Bangladesh
National grid gets additional 16mmcfd of gas from Habiganj field


Explore the energynewsbd.com
Home
Energy World
Opinion
Environment
Others
Energy BD
Green Energy
Interview
Business
Archive
About Us Contact Us Terms & Conditions Privacy Policy Advertisement Policy

   Editor & Publisher: Aminur Rahman
   Copyright @ 2015-2018 energynewsbd.com
   All Rights Reserved | Developed By: Jadukor IT