Singapore-based Summit LNG Terminal Co., has awarded a contract to PSA Marine Bangladesh to provide ship services to liquified natural gas (LNG) vessels calling the floating storage and regasification unit terminal in Bangladesh.
Summit Power International Pte. Ltd. (SPI) of Singapore announced that its subsidiary, Summit LNG Terminal Co. (Summit LNG), has awarded a 15-year contract to PSA Marine Bangladesh, a subsidiary of PSA Marine, to provide berthing, mooring, pilot and personnel transfer services to liquified natural gas (LNG) ships calling at the Summit LNG floating storage and regasification unit (FSRU) terminal.
The contract will serve SPI’s three escort tugboats, one fast crew boat and one offshore supply vessel. Operations are slated to commence in early 2019, said SPI.
In 2017, Summit LNG received a concession from Bangladesh’s state-owned company, Petrobangla, to develop a floating LNG terminal facility comprising of a storage and regasification unit connected to shore by a six-kilometer subsea pipeline. Summit LNG will supply approximately 500 million cubic feet per day of natural gas to the national grid as part of SPI’s $1 billion investment program to deliver 1,000 megawatts of power and gas in Bangladesh, the company said.
“Summit is the largest physical infrastructure company in Bangladesh generating 1,500 MW of electricity, 1,000 MW under construction and 2,400 MW under development. Bangladesh requires 15 million tons of LNG and Summit will provide infrastructure for that. For our first project of LNG, we are pleased to bring on board PSA Marine, a pre-eminent marine services provider, to support our venture to develop region’s fast growing LNG market,” said Muhammed Aziz Khan, chairman of SPI. “Summit Power has an excellent track record in working with world leading corporations to deliver the high standard projects and PSA Marine’s best-in-class services are a natural fit with our operational philosophy.”
Peter Chew, managing director of PSA Marine cited the company’s “excellent track record of providing towage services to LNG terminals, be it at the Singapore LNG terminal in Jurong Island or the Oman LNG terminal at Sur. We are honored to work alongside Summit Power International and this win is a vote of confidence for our standing and capability as the preferred marine services partner for LNG terminals,” he said.