Cyclone damages Excelerate’s FSRU in Bangladesh

Excelerate Energy’s 138,000-cbm FSRU Summit LNG, which serves Bangladesh’s second LNG import terminal located offshore Moheshkhali Island in the Bay of Bengal, was damaged last week during cyclone Remal.

“Excelerate Energy is aware of an incident involving the FSRU Summit LNG which occurred during cyclone Remal on May 27, 2024, at approximately 20:10 local time,” the company told LNG Prime in an emailed statement on Monday.

“During the cyclone, a floating object made several points of contact on the starboard side of Summit LNG’s hull,” Excelerate said.

According to the US FSRU player, it promptly notified flag state (BMI), class (BV), and the owner of the LNG terminal facility about the incident.

“Immediate actions were taken by the crew to assess the damage by visual inspection and tank soundings,” Excelerate said adding that arrangements have been made for a class surveyor to join the vessel to assist with the damage assessment.

LNG Prime also invited Bangladesh’s Summit to comment on the matter.

Several local reports said that Summit has halted regasification operations after the incident.

In August 2017, Summit entered into a 15-year charter agreement with Excelerate for the FSRU, and the unit began operations at the facility in April 2019.

The terminal has a sendout capacity of 500 million standard cubic feet per day (MMscf/d) of natural gas, and the FSRU is connected to shore by a six kilometers long subsea pipeline.

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.

Most Popular

Excelerate in $700 million senior notes offering

US FSRU player Excelerate Energy aims to raise about $700 million via an offering of unsecured senior notes due 2030.

Adnoc, ENN seal 15-year LNG SPA

UAE’s Adnoc has signed a 15-year sales and purchase agreement with Chinese independent gas distributor ENN to supply the latter with LNG from its LNG terminal in Al Ruwais.

LNG shipping rates continue to decrease

Spot LNG freight shipping rates in both basins continued to decrease this week, while European prices increased compared to last week.

More News Like This

Excelerate in $700 million senior notes offering

US FSRU player Excelerate Energy aims to raise about $700 million via an offering of unsecured senior notes due 2030.

Excelerate’s FSRU leaves Spanish yard to start Wilhelmshaven job

Excelerate’s 138,000-cbm FSRU Excelsior has left the yard in Spain's El Ferrol. The unit will first visit the Netherlands prior to heading to Wilhelmshaven, according to state-owned German LNG terminal operator DET.

Excelerate in $184.3 million stock offering

US FSRU player Excelerate Energy aims to raise about $184.3 million via an underwritten registered public share offering.

Excelerate buys NFE’s Jamaica business for $1.05 billion

US FSRU player Excelerate Energy has entered into a definitive agreement with compatriot LNG player New Fortress Energy to acquire NFE’s business in Jamaica for $1.055 billion in cash.