Summit’s Bangladesh FSRU terminal in 250th STS LNG op

Summit LNG Terminal signed a 15-year charter agreement with US FSRU player Excelerate for the 138,000-cbm FSRU Summit LNG in 2017, and the FSRU began operations at the Summit LNG terminal in April 2019.

Located offshore Moheshkhali Island in the Bay of Bengal, the terminal is owned by Summit LNG Terminal and has a sendout capacity of 500 million standard cubic feet per day (MMscf/d) of natural gas.

Summit Power and Summit LNG terminal announced in a statement on Sunday the completion of the 250th operation.

During the 2024–2025 financial year alone, the terminal has supplied approximately 13 percent of the country’s total gas demand, playing an “indispensable role” in ensuring Bangladesh’s energy security, the statement said.

Since its commissioning in April 2019, SLNG has received 35,054,637 cbm of LNG and supplied approximately 785,549,295 MMBtu of regasified LNG to the national gas grid.

“We remain deeply grateful to our valued client—the government of Bangladesh, Petrobangla, and RPGCL—for their continued trust in Summit,” the statement said.

SLNG alos said it is “honoured that leading global oil and gas majors—including QatarEnergy LNG, BP, Shell, Total, Chevron Shipping, Cheniere Energy, Petronas and NLNG—have vetted the terminal as a “safe and compliant” facility.

SLNG also expressed gratitude to LNG suppliers and shipping companies – QatarEnergy, BP Shipping, Nakilat, Maran Gas Maritime, MOL LNG Shipmanagement, NYK, K-Line, Höegh LNG, Teekay Shipping, Golar LNG, and Shell International Trading & Shipping Co. Ltd. (STASCO).

Besides this facility, Excelerate’s FSRU also serves Bangladesh’s first LNG import facility, Moheshkhali Floating LNG or MLNG, operated by Petrobangla.

Launched in 2018, the 138,000-cbm FSRU Excellence completed its 100th STS transfer offshore Bangladesh in 2021.