PSA Marine Gets Bangladesh Contract

Summit LNG Terminal has awarded a 15-year contract related to work at its proposed FSRU terminal to PSA Marine Bangladesh, a subsidiary of PSA Marine, it said January 5.

“Under the contract, 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 offshore supply vessel,” Summit said.

Summit LNG is building the FSRU comprising of a storage and regasification unit connected to shore by a 6-kilometre subsea pipeline, on a build, own, operate, transfer basis in Moheskhali, Cox’s Bazaar to supply approximately 500mn ft³/d of natural gas to the national grid.

Economic growth in Bangladesh has led to sharp demand for natural gas. In the next few years country’s LNG import infrastructure is expected to get a boost with multiple terminals coming online. Bangladesh is expected to begin importing LNG in 2019. 

In November 2017, Summit signed a $100mn turnkey contract with a consortium of Geocean and MacGregor for its floating LNG terminal.  The contract is for design, engineering, procurement, fabrication, installation and testing of the fixed infrastructure for its floating terminal.