SPI Time Charters Excerelate Energy’s FSRU For 15 Years To Facilitate Market In Bangladesh
The vessel ‘Summit LNG’ with Floating Storage and Regasification Unit (FSRU) of Summit has arrived at Bangladesh’s designated coordinates in the Bay of Bengal ahead of schedule. It is now moored 6 kilometers off the island of Moheshkhali in Cox’s Bazar. Summit has time chartered to purchase this vessel from USA’s Excerelate Energy for 15 years and it has now carried LNG (Liquified Natural Gas) from Qatar. The FSRU will send out Regasified Liquified Natural Gas (RLNG) via subsea pipeline connected to the national grid. Summit LNG is able to regasify 500 million cubic feet of LNG daily (mmcfd).
On the occasion the Founder Chairman of Summit Group Muhammed Aziz Khan remarked, “Summit is working towards achieving power and energy sufficiency in Bangladesh under the bold leadership of the government. We are pioneering adaptation of cutting-edge technology for most economical, efficient and sustainable energy solutions to enable graduation to a developed country. Summit is promised bound to provide least cost environment-friendly solutions. ”