Summit Matarbari FSRU
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Summit Matarbari FSRU is a liquefied natural gas (LNG) import terminal proposed in Bangladesh.[1]
Location
The terminal is proposed to be located at the Matarbari Deep Sea Port in Cox’s Bazar.[1]
Project details
- Operator: Summit Asia Pacific[2]
- Owner: Summit Oil and Shipping Co Ltd[1]
- Parent company: Summit Oil and Shipping Co Ltd[1]
- Vessel:
- Vessel operator:
- Vessel owner:
- Vessel parent company:
- Coordinates: 21.703668, 91.814862 (approximate)[3]
- Capacity: 600 million cubic feet per day (4.6 mtpa)[4], with the option of expanding to 800 million cubic feet per day[3]
- Formerly 500 million cubic feet per day (3.8 mtpa)[1]
- Status: Proposed[1]
- Type: Import[1]
- Start year: 2026[3]
- Cost: US$500 million[3]
- Financing:
- FID status:
- Associated infrastructure: Matarbari Port
Background
In October 2021, Summit Oil and Shipping Co Ltd (Summit) proposed setting up an LNG floating storage and regasification unit (FSRU) at Matarbari Deep Sea Port in Cox's Bazar, Bangladesh. The company would still need approval from Bangladesh's ministry of Power, Energy, and Mineral Resources to move forward.[1]
In June 2023, Bangladesh's government approved the proposal to build the terminal.[4] Additionally, in June 2023, the company signed a 15-year terminal user agreement with state-owned energy firm Petrobangla that underpins the project. It is likely that the company will opt for a conversion FSRU due to the global shortage of newbuild FSRUs.[2]
In December 2023, Summit Group obtained the government's final approval to build the terminal.[5]
In January 2024, Summit Group signed a preliminary pact to supply 1.5 mtpa of LNG to state-run Petrobangla for 15 years, starting from October 2026.[5] In June 2024, the supply contract was finalized.[6]
Articles and resources
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 sun, daily. "Summit proposes new LNG terminal at Matarbari | Daily Sun |". daily sun. Retrieved 2022-06-09.
- ↑ 2.0 2.1 "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) - ↑ 3.0 3.1 3.2 3.3 3.4 LNG Prime Staff (2023-06-19). "Bangladesh's Summit secures approval for second FSRU project". LNG Prime. Retrieved 2023-10-01.
- ↑ 4.0 4.1 "Bangladesh approves one more LNG terminal". New Age | The Most Popular Outspoken English Daily in Bangladesh. Retrieved 2023-10-01.
- ↑ 5.0 5.1 "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)
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