MacGregor wins FSRU terminal contract in Bangladesh

MacGregor, part of Cargotec, has signed an order for the fabrication, engineering and project management of a complete subsea mooring and riser system with the Bangladesh-based company, Summit LNG Terminal.

The MacGregor system will serve Summit’s floating storage and regasification unit (FSRU), with the delivery of MacGregor’s services will be completed in the fourth quarter 2018.

This order is part of a project to support Summit LNG Terminal’s development of Bangladesh’s power-supply infrastructure, MacGregor said on Wednesday.

The MacGregor equipment for the FSRU includes mooring connectors, as well as project management for the fabrication, procurement and project management of the complete subsea mooring and riser system. The FSRU will be ready for operation on the site during the first quarter of 2019.

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

The liquefied natural gas import terminal will be a part of Summit Power International’s $1 billion gas-to-power project that would add 3,000 MW of power production capacity.