PSA Marine wins 15-year Moheskhali FSRU service deal

Summit Power International said its unit Summit LNG Terminal has awarded a 15-year deal to PSA Marine Bangladesh, to support LNG carriers calling at the Summit LNG FSRU terminal in Moheskhali, Bangladesh. 

PSA Marine Bangladesh, a unit of PSA Marine, 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.

The operations under the contract are expected to start in early 2019, SPI said in a statement.

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.

The floating storage and regasification unit (FSRU) will be provided by Excelerate Energy on a 15-year charter agreement.

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

Speaking of the project, SPI chairman, Muhammed Aziz Khan said that the company will provide infrastructure to cater for Bangladesh’s demand for 15 million tons of LNG per year.