Summit FSRU
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Summit FSRU is a floating storage regasification unit (FSRU) liquefied natural gas (LNG) terminal off the coast of southwest Chittagong, Bangladesh.
Location
The below satellite image shows the location of the terminal offshore Bangladesh's Moheshkhali Island in the Bay of Bengal.
Project Details
- Operator: Summit Asia Pacific[1]
- Owner: Summit LNG Terminal Company
- Parent company: Summit Power International (75%), Mitsubishi (25%)
- Vessel: Summit LNG
- Vessel operator:
- Vessel owner: Excelerate Energy L.P.
- Vessel parent company: Excelerate Energy Holdings, LLC[2]
- Location: Moheshkhali Island, Cox's Bazar District, Chittagong, Bangladesh
- Coordinates: 21.55, 91.95 (approximate)
- Capacity: 3.8 mtpa (0.5 billion cubic feet per day)[3][4]
- Status: Operating
- Type: Import
- Start Year: 2019
Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day
Background
In January 2017, Summit Group signed an initial contract with Petrobangla to set up a liquefied natural gas terminal on Moheshkhali Island in Cox's Bazar at a cost of about US $500 million. It would have capacity of 3.5 mtpa. Summit said it would develop the floating facilities within 18 months of signing the final contract.[5][6]
In January 2019, Summit announced that it expected the FSRU to begin operations in March 2019.[7] The FSRU was commissioned in April 2019.[8]
Summit's FSRU ceased operations for routine maintenance in January 2024 and resumed operation in April 2024[9], maintaining the same capacity.[3]
In January 2024, Summit Group has signed a preliminary pact to supply 1.5 mtpa of LNG to state-run Petrobangla for 15 years, starting from October 2026.[10] In June 2024, the supply contract was finalized.[11]
In early June 2024, the FSRU was damaged by Cyclone Remal. The FSRU will be sent to Singapore or the Middle East for repairs which should last up to three weeks.[12] During this time production at the terminal will be temporarily shut down.[13][14]
Articles and resources
References
- ↑ "Summit plans to develop a second FSRU project in Bangladesh by 2026". Kpler.com. June 1, 2023. Retrieved June 4, 2024.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Excelerate Energy, Inc. (EE)". Yahoo Finance. June 4, 2024. Retrieved June 4, 2024.
{{cite web}}: CS1 maint: url-status (link) - ↑ 3.0 3.1 "Summit's floating LNG terminal set to resume gas supply in early April". The Business Standard. Mar 29, 2024. Retrieved June 3, 2024.
{{cite web}}: CS1 maint: url-status (link) - ↑ GIIGNL. The LNG Industry: GIIGNL Annual Report 2023. July 14, 2023.
- ↑ Summit LNG Terminal The Daily Star, Jan. 5, 2017.
- ↑ "Govt to set up two land-based LNG terminals" The Daily Star, June 15, 2017.
- ↑ Bangladesh's second LNG terminal to start in March; supply faces hiccups, Reuters, Jan. 15, 2019
- ↑ Bangladesh’s Second LNG Terminal Commissioned Excelerate Energy, May 1, 2019.
- ↑ "Summit FSRU resumes production". Daily Observer. Apr 16, 2024. Retrieved June 3, 2024.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Bangladesh's Summit to supply 1.5 mln T LNG to Petrobangla from Oct 2026". Reuters. Jan 16, 2024. Retrieved June 4, 2024.
{{cite web}}: CS1 maint: url-status (link) - ↑ "15-year LNG supply deal with Summit". The Financial Express. June 5, 2024. Retrieved June 4, 2024.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Bangladesh's Summit LNG to send damaged FSRU to Singapore or Middle East for repairs". LNGPrime. Jun 3, 2024. Retrieved Jun 14, 2024.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Bangladesh's Summit LNG says FSRU operations paused due to cyclone damage". Zawya.com. June 1, 2024. Retrieved June 4, 2024.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Cyclone damages Excelerate's FSRU in Bangladesh". LNGPrime. Jun 3, 2024. Retrieved Jun 14, 2024.
{{cite web}}: CS1 maint: url-status (link)
