Summit LNG Terminal, a subsidiary of Summit Power International, has signed a 100 mill. $ turnkey contract with marine work contractor consortium comprising of Geocean and MacGregor.
The companies are responsible for design, engineering, procurement, fabrication, installation and[ds_preview] testing of the Fixed Infrastructure (FI) for the Floating LNG Storage and Regasification Terminal (FSRT) at Moheskhali, Cox’s Bazar, in Bangladesh.
The Fixed Infrastructure will consist, among others, of Disconnectable Turret Mooring (DTM) plug for FSRU vessel system with anchors (suction piles), flexible riser with floatation and tether system, control and hydraulic umbilical, PLEM, Stern Mooring System (SMS) of FSRU vessel offshore pipelines and landfall works.
In August 2017, Summit LNG Terminal had signed Time Charter Party (TCP) agreement with Excelerate Energy for securing FSRU vessel. According to Summit LNG Terminal the project completion date is 16 months from the time of signing.
