PSA Marine Bangladesh Pte. Ltd., a subsidiary of PSA Marine, has been awarded a 15-year contract from Summit LNG Terminal Co. Limited (Summit LNG) to offer support services to LNG ships calling at Summit LNG FSRU terminal in Bangladesh.
Under the deal, PSA will provide berthing, mooring, pilot and personnel transfer services to LNG ships calling at the LNG FSRU terminal, with its three escort tugboats, one fast crew boat and one offshore supply vessel.
This contract marks the commencement of a long-term partnership, the companies said in a joint statement. Operations are to commence in early 2019.
Mr. Muhammed Aziz Khan, Chairman of SPI commented: “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.”
In 2017, Summit LNG 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. This project is part of SPI’s USD 1 billion investment programme to deliver 1,000 MW of power and gas in Bangladesh.
