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.

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Project Details

• Operator: Summit Asia Pacific
• 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
• 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)
• 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.

In January 2019, Summit announced that it expected the FSRU to begin operations in March 2019. The FSRU was commissioned in April 2019.

Summit's FSRU ceased operations for routine maintenance in January 2024 and resumed operation in April 2024, maintaining the same capacity.

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. In June 2024, the supply contract was finalized.

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. During this time production at the terminal will be temporarily shut down.