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PSA Marine lands Bangladesh FSRU LNG terminal services contract

Mon 08 Jan 2018 by Hong Liang Lee reporting from Singapore

PSA Marine lands Bangladesh FSRU LNG terminal services contract
The contract signing marks a significant milestone and commencement of a long term partnership for PSA Marine and SPI

PSA Marine Bangladesh, a subsidiary of PSA Marine, has clinched a 15-year contract from Summit LNG Terminal to provide support vessel services for an LNG terminal in Bangladesh.

PSA Marine Bangladesh 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 OSV.

The operation under the contract is scheduled to start in early 2019.

PSA Marine managing director Peter Chew commented “We have an 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.”

Summit Power International (SPI), parent of Summit LNG Terminal, is the largest physical infrastructure company in Bangladesh generating 1,500 MW of electricity, with 1,000 MW under construction and 2,400 MW under development.

Bangladesh requires 15M tonnes of LNG and SPI will provide infrastructure for that, according to SPI chairman Muhammed Aziz Khan.

In 2017, Summit LNG received a concession from Bangladesh’s state-owned Petrobangla to develop a floating storage and regasification LNG terminal facility connected to shore by a subsea pipeline on a build, own, operate and transfer basis in Moheskhali, Cox’s Bazar.

The facility will supply approximately 500M cubic feet per day of natural gas to the national grid. The project is part of SPI’s US$1Bn investment programme to deliver 1,000 MW of power and gas in Bangladesh.

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