Consortium wins $100 mln job for Summit LNG

Summit LNG Terminal, a unit of Summit Power International, signed a $100 million turnkey deal with a consortium comprising Geocean SAS and MacGregor for its floating LNG terminal at Moheskhali, Bangladesh.

Under the agreement, the consortium will provide the design, engineering, procurement, fabrication, installation and testing of the fixed infrastructure (FI) for its floating LNG storage and regasification terminal in Cox’s Bazar, Summit said in a statement on Tuesday.

The fixed infrastructure will consist, among others, of disconnectable turret mooring (DTM) plug for FSRU vessel system with anchors (suction piles), flexible riser with floatation and tether system, control and hydraulic umbilical, PLEM, stern mooring system (SMS) of FSRU vessel offshore pipelines and landfall works.

In August 2017, Summit LNG Terminal had signed a 15-year time charter party (TCP) agreement with Excelerate Energy securing the FSRU vessel.

The FSRU vessel is expected to supply around 500,000 Mcf/d of gas from imported LNG, which will be supplied to Bangladesh via a 9-kilometer subsea pipeline off Moheshkhali.